Libra
Facebook's digital currency Libra has suffered another blow ahead of its launch as all of the payment processors backing it have pulled their support.
PayPal has dropped out of the Libra Association, the first financial backer to leave the group backing the Libra digital currency.
European Union regulators are to investigate Facebook and its upcoming 'Libra' digital currency for potential anticompetitive behavior.
A U.S. Congress financial services committee has written to Facebook requesting that it halt its Libra digital currency plans so they can be properly scrutinized.
Only a couple of days after Facebook and partners announced Libra, a U.S. Senate panel has already scheduled a hearing probing the proposed virtual currency.
The social media giant has partnered with dozens across industries in its ambitious plans to bring about a global cryptocurrency during the first half of 2020.
