For reasons best known for its political expediencies, the most anticipated project in crypto space, Facebook Libra may never take off. In its recent quarterly report, the social networking behemoth has apprised its stakeholders that the Libra project may be severely delayed or even get abandoned owing to regulatory concerns. The Libra stablecoin project, which was slated to be launched next year, has found itself shackled to lawmakers and regulators ever since its inception. Since then, it has drawn a significant amount of attention and scrutiny from the US government which may cause the project to come to a standstill. Facebook