RATE Group | Taking Stock Of Libra’s Vital Signs
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Taking Stock Of Libra’s Vital Signs

03 Oct Taking Stock Of Libra’s Vital Signs

Posted at 01:57h in Cryptocurrency News by

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With the recent news that some of Libra’s backers are, at least for now, shying from vocal support for the Facebook cryptocurrency project, it’s worth taking stock of Libra’s vital signs.

The patient may not be dead, but the breathing is getting a bit labored.

Stepping back a bit, headlines on Wednesday (Oct. 2) seem to imply that all proceeds apace. The Libra Association is slated to meet in Switzerland later in the month and  representatives are tasked with appointing a board of directors.

As is germane to Switzerland, there’s been a bit of support from regulators here — verbal support anyway. As has been reported, Mark Branson, CEO of Swiss financial supervisor FINMA said that Libra poses fewer concerns than do cryptocurrencies that trade and crypto firms that operate with no supervision.

“I am much more nervous about projects which develop in a dark corner in the financial system somewhere, spread themselves out through…

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