Swiss President: Libra needs redesign to get approval

According to Reuters, Swiss Finance Minister and outgoing President Ueli Maurer said in an interview recently that the Libra project has failed in its current form and requires a redesign to get approval. "I don't think (Libra's current situation has a chance) because Uber will not accept a basket of currencies to support it," Ueli Maurer told Swiss broadcaster SRF. Libra did not immediately respond to a request for comment.