Although the pound currency could improve the lives of millions of unbanked people in underdeveloped countries, it would also be an instrument of change in the first world. Therefore, a threat to the authorities of the global monetary policy, from the Federal Reserve to the European Central Bank.
It is not enough to be latent that your project is banished to oblivion by restrictions that these Economic entities could carry out against this Giant of social networks, but because of the great scandals that the Facebook platform has had regarding the violations of The privacy of its users also adds all the fuss caused by Zuckerberg to the US Congress. UU, Where this was bombarded with a series of criticisms and warning, which if realized, would be of enormous consequences for the company.
The environment of a possible appearance of pound in the global market is becoming increasingly uncertain and blurred, because even divisions have already been generated within the alliance created by the technology giant around its currency Libra. This calls into question the support of the public who had created this project so far.
It is not surprising that Facebook began to bend knee in front of the governments of the world, and especially in front of the American. Facebook executives acknowledge being alarmed by the bad news that these mean in the short and long term for the uncertain future of the Company. Well, other homologous projects such as the cryptocurrency Kin of the company kik Messaging, has been involved in serious problems due to the SEC's lawsuit against this company, so much so that it has had to reduce its staff to 30% just to reduce expenses to continue the fight feros currently has.
This is a clear picture of what could happen to Facebook and its digital currency if the great powers of the economy tighten the screws they owe.