Facebook’s Libra Reboots the Crypto World

  1. Facebook decides to abandon the LIBRA project for lack of regulatory support. This will create global uncertainty that start-up projects will face the same demise as Facebook. Investors will be asking themselves if Facebook can’t pull it off, how is this new start-up going to accomplish it?
  2. Facebook is denied by regulators to proceed. This is the worst one of all. Today, countries like Mexico, Indonesia, Nigeria, and more are shutting down companies in light of what Facebook has launched. Facebook is a threat to central banks, governments, regional banks, and many others who will not allow them to proceed, forcing even those who are supportive of crypto to side with regulations to shut them down. This is the killer if Facebook goes all the way only to be shut down.

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