Rappler's latest stories on Libra cryptocurrency
Libra initially hopes the number of companies backing it would increase from an initial 28 to 'well over 100.' Instead, the list has shrunk following criticism from regulators.
'We remain supportive of Libra's aspirations and look forward to continued dialogue on ways to work together in the future,' PayPal says
Governments and officials have raised concerns over how the currency would be regulated, specifically on matters concerning laundering and terrorism financing
Yves Mersch, a board member at the Frankfurt institution, hopes Europeans don't leave traditional payment solutions for the 'beguiling but treacherous promises of Facebook's siren call'
Switzerland's financial watchdog FINMA plans to conduct oversight of the Geneva-based Libra Association
The US government wants the dollar to be the global reserve currency, and will oppose any 'threat to that,' says one analyst
Libra, which is widely regarded as a challenger to dominant global player Bitcoin, is expected to launch in the first half of 2020
Given Facebook's international reach, global regulators are unlikely to leave supervision of the Libra cryptocurrency entirely to the Swiss
Libra, described as 'a new global currency' set to roll out next year, is being backed by about 25 partners, including nonprofits and firms in financial services and online commerce