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Business Insider 10/17/2019 10:12
and declined involvement in cryptocurrency due to fears it could be used for criminal acts,. Libra is move into , which it announced in June. Many of Libra's backers have already dropped out, including Visa, Mastercard, and PayPal. . Banks J.P. Morgan Chase and Goldman Sachs declined Facebook's invitation to join Libra because of worries that cryptocurrency could be used to violate money laundering and sanctions laws, AnnaMaria Andriotis, Peter Rudegair, and Liz Hoffman at. Facebook hoped to launch Libra by June 2020 with over two dozen cofounders and members of the Libra Association, but these plans have been unraveling since the project was announced early this summer. Facebook did not immediately respond to Business Insider's request for c.

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