This is not only regulatory nightmare in the U.S., it's not even something microlenders in India are going to want to welcome in. Narendra Modi, India's prime minister: Libra in India for the unbanked? "Libra represents Facebook and Silicon Valley taking a major step towards becoming a sovereign state. says Jake Yocom-Piatt, co-founder and project lead of Decred, yet another blockchain based cryptocurrency like Bitcoin. "I don't think a number of the promises of crypto were ever part of the plan for Libra," he says.

Source: Forbes June 20, 2019 16:43 UTC