U.S. political pressure, not regulations, ended Facebook’s Libra project, says David Marcus, citing indirect Fed warnings to banks involved.
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U.S. political pressure, not regulations, ended Facebook’s Libra project, says David Marcus, citing indirect Fed warnings to banks involved.
The former Diem head launched his LN project back in May 2022.
The crypto-focussed bank is writing off its acquisition of Diem‘s assets.