These events and developments will shape the digital asset market next year.
The payments company was reportedly concerned Facebook had not done enough to address the regulatory backlash against the Libra plan.
Since announcing the project last month, the company has faced pushback from U.S. and international regulators and lawmakers.
Facebook's proposed Libra digital currency “could be misused by money launderers and terrorist financiers," the treasury secretary says.
Ventures by companies such as Facebook into financial services "have the potential to generate new risks and costs associated with market power."
