"But if the Libra Association does have a mechanism for forcing compliance, that inherently raises the bar for entering the market and makes the Libra network look more like conventional financial networks—with all the red tape that entails. This could be particularly harmful for marginalized people in developing countries, since developers in those markets will have the fewest resources to jump through regulatory hoops.Facebook is backpedaling from its ambitious vision for Libra | Ars Technica
So Facebook's challenge in the coming months is to design a new network architecture that strikes a reasonable balance between these competing objectives—a network that is locked-down enough to satisfy regulators but open enough to attract a healthy developer ecosystem. Facebook, of course, can choose to add a Libra-based payment system to WhatsApp and Messenger, instantly giving the new network millions of users. But Facebook has a lot of work to do if it wants the broader Libra network to become a global standard."