THE CRYPTO COUNTDOWN

2 MAY 2019

Facebook confirms that it has begun working on a cryptocurrency

18 JUNE 2019

Libra is formally announced

2 JULY 2019

Leading Democrats send a letter to Mark Zuckerberg calling for a halt to Libra’s implementation

15 JULY 2019

Facebook affirms that it won’t launch Libra until regulations are met

14 SEPTEMBER 2019

The US Congress holds hearings with the US Securities and Exchange Commission (SEC) to discuss Libra

4 OCTOBER 2019

Paypal withdraws from the Libra Association

11 OCTOBER 2019

The association is depleted further as Visa, Mastercard, Stripe and ebay quit.

23 OCTOBER 2019

Zuckerberg testifies before the House of Representatives Financial Services Committee

2020

Libra is scheduled for launch