Foreign media: PayPal is about to withdraw from the Libra project

According to the Financial Times, three people familiar with the matter said that PayPal is about to withdraw from Facebook's Libra cryptocurrency project after an important meeting in Washington on Thursday. According to people familiar with the matter, Facebook plans to gather 28 supporters of its Libra project to discuss how Libra will respond to the growing opposition from regulators. However, one participant said that all members except PayPal were present. A person close to PayPal said the payment company was concerned that Facebook had not made enough efforts to resolve the strong opposition to the project, especially in money laundering. Paypal does not want regulatory review to infiltrate their business. The person familiar with the matter said that Paypal is unlikely to sign the contract initially, but may rejoin the project afterwards. Paypal declined to comment.