PayPal has become the first firm to drop out of Facebook's digital currency project Libra.
The online payments company made the announcement on Friday without specifying what had prompted the decision.
PayPal was among a group of 28 companies and non-profits that were joining forces to develop Libra.
It said it "(remained) supportive of Libra's aspirations" but had chosen to focus on its own core businesses.
There have been growing concerns about how people's money and data will be protected.
Former Binance chief guilty of money laundering
Changpeng Zhao, the former chief executive of Binance has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
Emirates attracts pilots with higher salaries, new perks
Emirates Airline has announced significant changes to its pilot recruitment strategy, which includes higher salaries, new roles and a radical change to eligibility.
Spinneys increases IPO retail offering due to high demand
Supermarket chain Spinneys has announced its decision to increase the number of shares allocated to the UAE Retail Offering of its IPO due to high demand.
IMF $1.1 billion tranche to help Pakistan's economic stability, says PM Sharif
The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday, amid discussions for a new loan programme.
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