U.S. wants Facebook to delay the launch of the Libra, Russia has said it won’t authorize the stablecoin and it won’t easily be available in at least five other countries.
Amazon doesn’t want to move into territory it perceives should be reserved for banks, and so they won’t be following Facebook’s path.
U.S. wants Facebook to hold off on the project, requesting that the company’s executives attend a hearing in Washington, D.C., to clear the air.
Congress is afraid of Facebook’s attempt to corrupt America’s money, while the Bitcoin world sees it as a stepping stone to greater BSV adoption.
Political opposition came from French Finance Minister Bruno Le Maire, who said Libra should not and could not become a sovereign currency.
Facebook has made a very big first step for its crypto, releasing their whitepaper, early designs for a wallet, and bringing along 27 partners.
The digital currency will reportedly be hosted on the Libra Blockchain and backed by the Libra Reserve, but it has also reportedly found support outside of Facebook.
Facebook Coin, then Global Coin and now Libra, the digital currency is expected to be launched this month and there has already been more than just a little discussion on its merits or value.
The company has reportedly begun to recruit financial firms and merchants to assist in the launch of its crypto payments system.