PayPal has rescinded its involvement with the libra association , becoming the second company of 27 to pull support from the cryptocurrency. A Wall Street Journal report last week named Mastercard and Visa as companies reconsidering their position before a meeting on 14 October with representatives from the companies involved. Facebook has faced regulatory scrutiny from both the US and Europe due to concerns over the impact its crypto could have on national currencies and the potential for money laundering, with France proposing to block libra altogether. the libra association and Visa are also reconsidering their position and have set a meeting with representatives from all companies for last week .
PayPal has rescinded its involvement with the libra association , becoming the second company of 27 to pull support from the cryptocurrency. Facebook has faced regulatory scrutiny from both the US and Europe due to concerns over the impact its crypto could have on national currencies and the potential for money laundering, with France proposing to block libra altogether. the libra association and Visa are also reconsidering their position and have set a meeting with representatives from all companies for last week .