politicians and regulators have slammed the social media platforms plan saying global would endanger global financial stability undermine user privacy and facilitate money laundering today see omar's october is set to face critical questions from u.s. lawmakers on the issue now there are some issues to unpack here and help me do that i'm joined by jacob coveleski he is with lisc head of education their list is a block chain application platform jacob good to have you on the program 1st of all why did these jargon ods these payments argonauts master card visa why did they back out of the project i mean i think it's very difficult to know the real reasons behind such choices i think is quite clear about the regulatory issues are coming up now in the u.s. in france and germany plays a key part in lots. i think of the end of the day it's instability that face because we're facing one of negative sentiment maybe with over scandals going on