I am not sure they can stop it.

It is technically being released by the Libra Foundation, which is owned in part by Facebook. This is based in, I believe, Switzerland. There are other companies involved as validators for the network meaning, I presume, it will be global in nature.

Thus, I think the fact they are backing it with the USD appeases the EU regulators meaning they can release it there and the spread it.

It will be interesting to see how much resistance is put up especially by the US. Who knows, maybe the idea of Libra being an alternative to the Chinese CBDC is enough to get the US on its side.

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