about Libra potentially posing a threat to financial stability and monetary sovereignty. These issues could threaten Libra's eventual launch, and Zuckerberg himself has accepted that Facebook isn't the ideal messenger to bring about a global crypto. Of note, the Libra Association continues to engage and collaborate with regulators globally.
Additionally, Libra has faced some setbacks recently in terms of member support. A quarter of Libra Association members, including PayPal, Mastercard, Stripe, Visa, and eBay, have their support for the project. Reasons cited for withdrawing include concerns about the increased regulatory scrutiny, as well as worries about Facebook not doing enough to address money laundering. This further set Libra back in terms of launching the project. Facebook Pay earlier this month. The payments service enables consumers to make payments across Facebook, Instagram, Messenger, and WhatsApp.
Despite negative sentiments surrounding Libra, it seems that Facebook remains determined to launch it. Continuing to test Libra shows that Facebook is still bullish on the venture and not scared off by regulatory concerns. This isn't the first time the tech giant has faced regulatory pushback, and its experience dealing with negative developments, like
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