Facebook executive confident Libra will win enough financial backers

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Facebook executive confident Libra will win enough financial backers
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Facebook Inc , whose digital currency project Libra has been abandoned by severa...

The exodus followed intense skepticism from global policymakers and regulators in the United States and Europe who worry Libra could upend the global financial system, threaten users’ privacy and facilitate money laundering.

Facebook is left without the backing of any major payments firms for the project, due to launch by June 2020.

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