The launch of Facebook’s new cryptocurrency Libra has caused mixed sentiments between both supporters and opponents of the new cryptocurrency.
The positive sentiment doesn’t seem to go well for the regulators. In just 24 hours, United States, United Kingdom including other G7 countries have announced that Libra will be subject to the financial regulations. In other words, Libra can’t simply roll out unless getting the green lights from the respective regulators.
Will we see another Zuckerberg’s “move fast, and break things” motto like how Uber adopted several years ago when the ride sharing app rolled out its services?
In any case, it looks like Libra’s team will have a long way to go.