Blockchain

Facebook’s Libra May Cause Banks to Cut Financing to the Company

Facebook’s Libra May Cause Banks to Cut Financing to the CompanyFacebook’s Libra May Cause Banks to Cut Financing to the Company

Ever since the potential launch of Facebook’s Libra was announced by the social media behemoth, the company’s cryptocurrency project has lurched from one problem to the next. Regulators from different parts of the world had voiced their concerns about the Libra cryptocurrency, and even the President of the United States slammed Facebook in one of his famous tweets.

New Trouble?

In a new development, it has now emerged that if Facebook (NASDAQ:FB) does not take care of the regulatory issues with regards to Libra, then banks might refuse to provide services to the company.

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