It is now pretty clear that those financial institution joined Libra only because they saw it as a threatening competitor in the space. Now that they think that

It is now pretty clear that those financial institution joined Libra only because they saw it as a threatening competitor in the space. Now that they think that the project is unlikely to be implemented due to strong opposition from govt, they are leaving. I believe they are doing a big mistake, and that Libra will still be successful.