Bitcoin Forum

Facebook's Libra is being reviewed by the US government again. Please express your feelings! I think Big Pump is coming very close to the whole market.
https://i.imgur.com/9SCbiAE.jpg

If it is done by US then why the sources are in Chinese (I guess).Libra's wave is over we need something new FUD to distract or attract the investors.

As far as Libra goes, it will be hard now. the hype was there, people were ready, but now i fear the confidence in it will never recover once its  released
it will take alot longer for it too have its pump, i still think it will tho, it has to haha its fricken "facebookcoin" :D
is a big pump coming soon to the market? maybe.  im sure we all hope so, thats for sure :P

Libra coin is not wanted by the crypto community, the US congress will not pass the operations bills.
The image in your post is written in chinese and i wonder how that correspond with US.

that's just rumor only, there is no news related to that thing. especially when it comes from china and you know if china is contradicting with US. Usually, the media from the US just need a few seconds or minutes to create a new article about that. that doesn't make sense to see china know more than US media itself.



Just another rumor to bring the hope for libra again, facebook has already stated if the company has changed its way to develop facebook digital cash and leave libra.

Libra needs US and US wants something in return from the Libra project. Libra would want an environment to do business freely under the security of the US worldwide. Anything endorsed by US is readily accepted around the world while the ones banned by US has nearly no future.
The only thing US wants from Libra is sharing of every information the Libra would ever have.

Its  one of the  biggest social media network site in the world, it will be  easy for libra to make it popular with facebook. The hype can easily float again when Mark Zucker tweets it, media will take  it very seriously when its tweet by this sucker. The government however will not make it easy for him, he has to give something to  US government more favorable to the  government  before libra can launched.

I dont think what US will allow it. It will give to much power to facebook

I do not know about where you got the news source because it is in chaises maybe it is new types of FUD to get investors in the crypto market. I know that the US government going to review the libra crypto coin next year before going to launch libra coins next year.

Why does the media write in Chinese? is there really a version for english?
if indeed it will be reviewed and will be accepted by the US government I would say a big PUMP will occur where the passion for crypto returns, many new investors will buy bitcoin and altcoin.

Yes, that is true and requests from the U.S government includes all facebook user information. So all of this is just a game in their business for profit, not for the development or revolution of the crypto industry and this is far from the word decentralization, just centralized as they wish.

Because when a request has been given, then one day they will return for another request, if not then we all know what the consequences are, the product continues to be allowed or ban.

no wonder the US is checking them again, but I think they will find it hard to stop this libra project, I can't wait to see what will be great next year considering lots of news coming and events next year, whether it is crypto year, I don't patiently waiting for him, not hoping the pump comes hoping new trust grows and comes again for the crypto community and the importance of adoption

maybe the OP is from China so he got the news in Chinese

Being reviewed doesn't mean they will agree with it, and I suggest you translate what is written in the picture, and also attached the source of your post.

I searched the thread title in google but could not find any news related to what you posted.

Being reviewed doesn't mean the got approved. Also, it has nothing to do with the whole crypto market anyway. Libra is a stablecoin and if there are influx of investors all the money will go to the company's pocket and not anywhere else. At best, it will just increase the overall crypto market capitalization and that's it.

Hello, I am not in top of the subject, still not clear to me, but I am on the impression that, here in EU, the libra will have some extra issues to overcome before (eventual) adoption.

https://techcrunch.com/2019/12/06/no-libra-style-digital-currencies-without-rules-say-eu-finance-ministers/

https://www.tokenpost.com/EU-should-create-its-own-digital-currency-amidst-the-rise-of-stablecoins-ECB-official-said-4341

I think the big pump is still very far away. the review by the US government of the creation of LIBRA would not be positive because LIBRA itself had not done anything to satisfy the wishes of the government. And in general, I believe that the growth of the cryptocurrency market will not be associated with LIBRA. This project is not important to us.

Could you help translate and share what the meaning of that post was? Or was it actually just a translated version of what we can already find on Google about that news? Libra already said they would be delayed at least until 2021 if I remember correctly. Why would they be again asking for a review from US government? Or is this to see if they should be completely stopped?

I just googled and there is absolutely nothing about this in the American press at all.

And there are no announcements from the American regulators - which means the US government isn't doing anything at all.

Also: there is nothing to "review" yet as Facebook hasn't launched Libra yet and may not launch it at all given how many high-profile payment processors have walked away from the project.

No wonder because every time there is, the media will always make sure it reaches to the otherside of the world. It does sound like there are users who are conditioning the minds of the people in crypto that its about to be approved.

Posted yesterday was this thread (https://bitcointalk.org/index.php?topic=5208363) also making it appear like facebook libra is a revolutionary currency that challenge monetary policy of countries.

Did you just assume that because it's being reviewed by the government it will be a positive news? Think again we have this kinds of news lately involving around Bitcoin ETFs and it's expected "approval" yet we only see news about extensions and denied applications because of "lack of requirements" the bottomline is they just give you false hope and nothing more. Besides a good news for Libra might not even be beneficial for the rest of the market since Libra is the complete opposite of Bitcoin and other cryptocurrencies when it comes to their principles.

I see no reason why the US government would want to review it. If they wanted it in the first place, it would not have been turned down and all the lashes would not have come up. They are gave reasons why no one should take them serious. So, considering them again might send the wrong signals.

It can be reviewed as much as possible, nothing will change the fact that if Facebook wants to do this they have to bribe politicians and that is about it. Look at all the realities of american politics, there are super expensive drugs that are protected by politicians because they have been bribed, there are internet providers who throttle internet and get tax payer funding for further researches that is not used for anything of the help of tax payers because they bribe the politicians, there are literally insurance companies who fraud their customers all because they bribe the politicians.

As long as you bribe the politicians you can do whatever you want, if you don't bribe them they will hate you for not bribing, as simple as that and no review will change that.

it is better to use english at your news shared. or at least, you should show the link
not all people here understand chinese language, I even cant read that news
I find on internet, there is no news such as that, or may I miss something IDK

https://i.kym-cdn.com/entries/icons/original/000/025/458/grandma.jpg

Reviews are taking too long isn't it? May be, because the government itself are afraid of taking risk though Libra is not about what the majority think and specially the government is thinking. I hope this thing be soon be settle as early as enough because may be if this take way more too long than it already is, it would be good as a trash project.

Government won't a full decentralized coin is become mainstream because they can't control their citizen's money and maybe the people can hide their wealth and ended avoiding tax. So the government want to make their own country blockchain coin that controllable. Libra is one of the most potential cryptocurrency to become mainstream in US but it's still need much improvement

I think libra is eventually going to get the green signal from US government and it will be of no surprise to me because i am sure there were some negotiations going on between libra and govt officials and i think they have already broke a deal which will be proven by the announcement of the US govt regarding the launch and operations of libra.

Yes, in such conditions it is difficult to work. But perhaps that’s why they launch the OpenLibra fork to develop, not talk. All the same, the libra coin is not one merit of facebook, but they will work as an association of Libra and connect a large number of members to achieve security and better conduct of services.

What does the image say? if you will post that kind of image, you should have translated it. Btw, I don't care about that Libra project being reviewed by the US gov't.
They can review it as much as they want because they think that it'll be against them. This could also be a show somehow to make it look that they are very strict about how they are implementing rules about crypto.

Don't underestimate Libra, remember it is backed by famous company Facebook. So they have all the resources they need to push thru this project. It is only a matter of time when will they be out in the market. Zuckerberg will not give up that easily.

Thank you for your interest, but it seems I was in a hurry to disclose information like this. I feel we have the right to expect the crypto market to prosper. It seems that a large force that has existed for a long time is that the Federal Reserve System will never let the US government accept a new currency like Facebook's Libra. I think they are trying to agree with a better outcome.

US government controlled by the bankers and that must be the reason why crypto like libra will never be accepted. They are only agree with an idea that will not be a threat for their trational economic system. I just think that's why a digital payment has already approved. it seems like the main reason.

After the Chinese Government began to regulate cryptocurrency, I think the American Government does not want to be left behind on this. If Libra coin is passed by the regulator, I think this will stimulate the crypto market again and maybe it will attract new investors.

Libra is unlike any other common currency. If integrating Libra into the facebook application, it will be difficult to control the cash flow because it is a global platform. Like other payment services, Libra needs to pay taxes on transactions and it must be accepted by the US government. Facebook is based in the United States and is required to comply with US regulations.
It would be great if you could use Libra on Facebook. We can create a paid content platform. Libra will directly compete with other platforms like youtube, Twitter ...
People will focus more on Facebook.

I made a mistake a months before who stated that the increased price bitcoin from $3500 to almost $13.000 it was affected by libra coin because at that time I got information that libra coin will launched.

But I just feeling that the increased price bitcoin at that time is was nothing to do with libra coin but it is just the investor of bitcoin as a whole get interested back to invest more.

So now I won't make a mistake predictiom again (who bring a false information). I think libra is more centralized then the government and I'm sure if you are truly bitcoin user won't ever be like that.

After the finance ministers of the countries of the European Union announced that they would not allow the use of Libra on their territory, then regardless of the decision of the US regulators, you can put a cross on Zuckerberg’s coin. And in the USA they are unlikely to change their initial opinion. There they themselves want to launch their national stable coin and Libra will compete with them. Why do they need it? No, Libra can already be considered dead even before they appear.

Not sure what significance that sign has but the US government is still nowhere close to approving a project like Libra yet as there are too many regulatory hurdles to overcome first, but if it does succeed in launching there should be some positive price movement in the lead up to its launch

Libra might win this and launch at the end but its yet a centralized project which is prone to manipulation either from the government or the owner. Let's not forget its going to be stable this I doubt as whales Wilma pimp it from time to time given the need for such pumps.

I've seen crypto article sites lately releasing some statement that Libra's whitepaper were revised to fit for its approval. Its possible to be approved and if ever there will lots of pumps going to happen including BTC. This isn't going to be a good news for some of the people here in bitcointalk though.

I guess the only who will be happy are the ones who does business in facebook. I myself is doing business there and I might just one day submit documents to my facebook account to make my business legal when Libra finally be on that stage.

Could you quote the source of this post, OP? It's all in Chinese characters and I would like to read it. I don't think anything related to Libra would cause any pump to cryptos and also it is still a review since it is gonna be surely an electronic money so these things aren't avoidable. It isn't decentralized currency anyway unlike Bitcoin.

Maybe it is because they are giving the chance for the project to be launched in the market, US have free government that allows people to showcase the innovation that they've created, and for me, the reviewing of the aspects of libra coin is an initiative of the government to actually allow it to run in market soon. Meaning to say that right in a short span of time, we can see libra coin in the market not and we'll have the opportunity to use it as well despite of our negative thoughts about it.

I don’t understand who needs to create such news, especially if it’s fake and it’s not profitable. The US government is still a balamut and manipulators and, as practice shows, trusting them as not respecting yourself.