---
title: Facebook’s Cryptocurrency Loses More Industry Trust
description: Facebook’s plans to launch its own cryptocurrency, Libra, is under industry scrutiny with reputable financial companies pulling their support.
---

[Consumer Services | National Investor Network ](https://www.nationalinvestornetwork.com/consumer-services)

# [Facebook’s Cryptocurrency Loses More Industry Trust](https://www.nationalinvestornetwork.com/consumer-services/facebooks-cryptocurrency-loses-more-industry-trust)

 Written by [Haley Moore](https://www.nationalinvestornetwork.com/consumer-services/author/haley-moore) | Oct 15, 2019 2:21:12 PM

Facebook’s plans to [launch its own cryptocurrency](https://www.bbc.com/news/business-50037223), Libra, is under industry scrutiny with reputable financial companies pulling their support.

A recent draft report showcased risks posed by digital currencies and their risk to global financial systems. The project might not get regulatory approval.

[View full post](https://www.nationalinvestornetwork.com/consumer-services/facebooks-cryptocurrency-loses-more-industry-trust)

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