Scepticism mounts over Facebook’s Libra as Paypal abandons cryptocurrency

UNITED STATES, WASHINGTON (OBSERVATORY) — The Facebook-led effort to build global digital currency Libra has suffered another setback: payments processor Paypal becomes the first member to exit the Libra Association.

Also today, importers of European cheese in the US stock up ahead of tariffs. And the Financial Times reports that HSBC is planning 10,000 more job cuts.

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