Facebook to rethink Libra plans

Facebook is considering rethinking its Libra project due to possible regulatory concerns

It was reported by Bloomberg on 3 March that the social media giant and its partners are mulling over a redesign of its Libra cryptocurrency project. 

Libra was originally launched under the vision of Facebook having its own payment network with a native stablecoin and developing a single digital currency - at that stage, Facebook was broaching early discussions with companies such as Visa, Mastercard and First Data around the project.