Bitcoin Forum
October 22, 2019, 05:05:26 AM *
News: 10th anniversary art contest
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: can libra upset world economy if not regulated ?  (Read 231 times)
daporivera
Jr. Member
*
Offline Offline

Activity: 390
Merit: 2


View Profile WWW
July 20, 2019, 07:45:22 AM
 #1

since the past few months, Facebook decided to launch its own coin, they have been a lot of controversies, as some compared the altcoin directly with bitcoin.

one of its major controversy is if it can upset the world economy, if not regulated.  The worry of majority is  prospective firm having as much power as countries in creating a means of payment. 

According to Benoit Coeure, Global stable coin could boost competition in payment sector, reduce fees for consumer and support greater financial inclusion, but warned it might undermine the effort to clamp down on money laundering, terrorism financing and tax compliance.

Is Facebook launching a stable coin on a global scale without regulations harmful to world economy?

↽━━━━━━━━  Hawk Network ━━━━━━━━⇁
↼━Distributed Intelligent IoT Technology Infrastructure ━⇀ (https://Hawk.coom/)
1571720726
Hero Member
*
Offline Offline

Posts: 1571720726

View Profile Personal Message (Offline)

Ignore
1571720726
Reply with quote  #2

1571720726
Report to moderator
1571720726
Hero Member
*
Offline Offline

Posts: 1571720726

View Profile Personal Message (Offline)

Ignore
1571720726
Reply with quote  #2

1571720726
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1571720726
Hero Member
*
Offline Offline

Posts: 1571720726

View Profile Personal Message (Offline)

Ignore
1571720726
Reply with quote  #2

1571720726
Report to moderator
1571720726
Hero Member
*
Offline Offline

Posts: 1571720726

View Profile Personal Message (Offline)

Ignore
1571720726
Reply with quote  #2

1571720726
Report to moderator
1571720726
Hero Member
*
Offline Offline

Posts: 1571720726

View Profile Personal Message (Offline)

Ignore
1571720726
Reply with quote  #2

1571720726
Report to moderator
Red-Apple
Hero Member
*****
Offline Offline

Activity: 1400
Merit: 642



View Profile
July 20, 2019, 07:58:21 AM
Merited by dbshck (4)
 #2

it can not be created unregulated. there is simply no way! the reason is also pretty simple, because it is centralized! the government has an entity to put pressure on and force anything they want on them exactly because of that  so they will have no other way to be regulated. and that is assuming the government is going to allow Libra to even be created and exist.

will it upset anything? no! does PayPal upset anything? that is a stable coin too and pegged to US dollar. so there is no difference in this new one either.

tabas
Hero Member
*****
Offline Offline

Activity: 1330
Merit: 522


★Bitvest.io★ Play Plinko or Invest!


View Profile
July 20, 2019, 08:46:14 AM
 #3

Yes it's harmful for the gov't because if people will lean on facebook's stable coin, then who's going to use dollars anymore? that's why they are threaten and they are hearing the facebook's management regarding this matter. But if the gov't just want to tie up with the project, they can also do that because it is centralized.



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
hongus
Full Member
***
Offline Offline

Activity: 686
Merit: 100


Adoption Blockchain e-Commerce to World


View Profile
July 20, 2019, 08:51:40 AM
 #4

In general, the very idea of cryptocurrency undermines the financial sector. Because this is a different world where banks and governments are not able to control this market today. For this, of course, any projects of such scale lead us to a new world. However, countries may simply ban cryptocurrencies. And back to the usual banking systems.

AIGO
Adoption Blockchain
e-Commerce to World







..Find Us!:..

▄███▄
▀███▀

▄███▄    ▄██▄    ▄█████▄
█████    ████▄██████████▄
█████    ████████████████
█████    ███████▀  ███████
█████    █████▀      ██████
█████    █████        █████
█████    █████        █████
█████    █████        █████
▀███▀    ▀███▀        ▀███▀

                          ▄▄▄
                    ▄▄▄██████
              ▄▄▄█████▀▀████▌
        ▄▄▄████████▀ ▄██████
  ▄▄▄██████████▀▀  ▄███████▌
▀███████████▀   ▄██████████
   ▀▀▀███▀    ▄███████████▌
        █▌  ██████████████
        ▐█ ██████████████▌
         █████▀ ▀████████
          ██▀      ▀████▌
                      ▀▀

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
knuckey
Sr. Member
****
Offline Offline

Activity: 1096
Merit: 251



View Profile
July 20, 2019, 09:41:45 AM
 #5

Obviously libra will be regulated by their government, it is impossible for the United States to leave it alone, because they do not want to lose taxes and other benefits. But more importantly libra will not upset the world economy and libra will be the same as other centralized payment instruments based on dollars.

     ▄▄▄▄                                                    ▄▄▄▄   
▄      ▀████▄▄                                          ▄▄████▀      ▄
 ▀███████████████▄▄                                ▄▄███████████████▀
▄  ▀▀████████████████▄▄                        ▄▄████████████████▀▀ ▄
 ▀███████████████████████▄▄     ▄███▄      ▄▄██████████████████████▀
   ▀█████████████████████████  ███████  █████████████████████████▀
       ▀▀███████████████████████▄███▄████████████████████████▀▀
      ▀▀█████████████████████████▄ ▄█████████████████████████▀▀
          ▀▀█████████████████████████████████████████████▀▀
               ▀▀████▀█▀█▀██████████████████▀█▀█▀███▀▀
                            ██ █ ████ █ ██
                           ████████████████
                             ▀▀████████▀▀
                                ▀▀██▀▀
HAWK NETWORK
                         ━━━━━━━━━━━━━━━━━━━━



      C  E  X
  EXCHANGE






Distributed Inteligent
IoT Technology
Infrastracture
aioc
Hero Member
*****
Offline Offline

Activity: 1232
Merit: 503



View Profile
July 20, 2019, 10:26:01 AM
 #6

They are having a hearing on this and the US government will not allow such thing to happen, because Facebook is operating in their territory they will give them a lot of compliance rules and will be heavily regulated, this is to make sure that Facebook will not undermine the dollar.



.
.BIG WINNER!.
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
aubert
Legendary
*
Offline Offline

Activity: 1512
Merit: 1003


View Profile WWW
July 20, 2019, 10:32:31 AM
 #7

since the past few months, Facebook decided to launch its own coin, they have been a lot of controversies, as some compared the altcoin directly with bitcoin.

one of its major controversy is if it can upset the world economy, if not regulated.  The worry of majority is  prospective firm having as much power as countries in creating a means of payment. 

According to Benoit Coeure, Global stable coin could boost competition in payment sector, reduce fees for consumer and support greater financial inclusion, but warned it might undermine the effort to clamp down on money laundering, terrorism financing and tax compliance.

Is Facebook launching a stable coin on a global scale without regulations harmful to world economy?
Imagine how much money will escape certain countries to facebook's pocket? Libra is a centralized crypto and the one who issues that coin will hold the power, such a thing is dangerous if they are just bunch of greedy people controlling some percent of world money, we got enough with all those ultra rich people that rule over more than a half the country's economy. Libra if not regulated will just add another problem, that's just my 2 cents.

        ▄▄▀▀▀▀▀▀▀▀▀▄▄
     ▀▀ ▄▄▀▀▀▀▀▀▀▄▄ ▀▀▄
  ▄  ▄▀▀           ▀▀  ▀▄
 ▄▀ █      ▐█ █▌      █ ▀▄
▄█ █     ▄███████▄     █ █▄
█ ▄▀    ██▀▐█ █▌▀██     █ █
█ █     ██ ▐█ █▌ ██     █ █
█ ▀▄    ██▄▐█ █▌███    ▄▀ █
▀█ █     ▀████████▄    █ █▀
 ▀▄ ▀      ▐█ █▌ ▀█▌  █ ▄▀
  ▀▄  ▀▄           ▄▄▀  ▀
    ▀▄▄ ▀▀▄▄▄▄▄▄▄▀▀ ▄▄
       ▀▀▄▄▄▄▄▄▄▄▄▀▀
      █▀▀▀▀▀▀▀▀▀▀▀▀█
▄▄▄▀▀▀█   ▄▄▄▄▄▄   █
█     █ ▄▀      ▀▄ █
 █  ▄██ █        █ █
 █  █ █ █        ▀ █
  █ █ █ █ ▄█▄█▄  ▀ █
  █  ██ █  █▄▄█▄ █ █
   █ ██ ▄ ▄█▄▄▄█ █ █
   █  █ ▄  ▀ ▀   █ █
    █ █ █        █ █
    █ █ ▀▄      ▄▀ █
     ██   ▀▀▀▀▀▀   █
      █▄▄▄▄▄▄▄▄▄▄▄▄█
PLATINUM STABLECOINS
USDQ KRWQ CNYQ JPYQ

───────────────────────
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█▄▄▄▄▄▄▄▄▄▄▄▄▄▄█
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█              █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█     ████     █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
██████
██
██







██
██
██████
██████
██
██







██
██
██████
▬▬▬▬▬▬▬▬   WHITEPAPER   ▬▬▬▬▬▬▬▬
FACEBOOK         TWITTER         TELEGRAM
▬▬▬▬▬▬▬▬   ANN THREAD   ▬▬▬▬▬▬▬▬
fzatni
Member
**
Offline Offline

Activity: 397
Merit: 10


View Profile
July 20, 2019, 10:50:25 AM
 #8

since the past few months, Facebook decided to launch its own coin, they have been a lot of controversies, as some compared the altcoin directly with bitcoin.

one of its major controversy is if it can upset the world economy, if not regulated.  The worry of majority is  prospective firm having as much power as countries in creating a means of payment. 

According to Benoit Coeure, Global stable coin could boost competition in payment sector, reduce fees for consumer and support greater financial inclusion, but warned it might undermine the effort to clamp down on money laundering, terrorism financing and tax compliance.

Is Facebook launching a stable coin on a global scale without regulations harmful to world economy?
if it is said to disturb the world economy it doesn't seem to have an effect that far as you say it is dangerous if there are indications of money laundering, terrorist funding, non-tax compliance.  I more see America just wants to profit from Libra coins

bitsurfer2014
Hero Member
*****
Offline Offline

Activity: 700
Merit: 512


View Profile
July 20, 2019, 02:10:00 PM
 #9

Libra can indeed upset world economy by displacing the economic powers often wielded by few Governments lead by the U.S. and its almighty dollar. The world's big economies backed by fiat often have direct influence in world matters and Libra's existence can have a detrimental effect on its current state  and it could be chaotic since Libra is perceived to be a centralized entity controlled by a few individuals only.
Yudhisthir
Full Member
***
Offline Offline

Activity: 518
Merit: 102



View Profile
July 20, 2019, 02:15:53 PM
 #10

since the past few months, Facebook decided to launch its own coin, they have been a lot of controversies, as some compared the altcoin directly with bitcoin.

one of its major controversy is if it can upset the world economy, if not regulated.  The worry of majority is  prospective firm having as much power as countries in creating a means of payment. 

According to Benoit Coeure, Global stable coin could boost competition in payment sector, reduce fees for consumer and support greater financial inclusion, but warned it might undermine the effort to clamp down on money laundering, terrorism financing and tax compliance.

Is Facebook launching a stable coin on a global scale without regulations harmful to world economy?

It would be really early to decide whether it would be harmful or not. But we should move forward to new technology that makes our lives easier.
If globally adopted, Libra could challenge the current financial system and cause drastic changes on how countries do their finance and how the government collects taxes.

▀▀▀▀▀▀▀▀▀▀▀▀─────────────    █▀▀ ▀▀█                                               ELAD NETWORK | YOUR TOKEN TO REAL ESTATE                                                     █▀▀ ▀▀█    ─────────────
▀▀▀▀▀▀▀▀▀▀▀▀▀─────────────     ██ ██     COMBINING BLOCKCHAIN, REAL ESTATE AND ARTIFICIAL INTELLIGENCE FOR A SMARTER WAY TO INVEST     ██ ██      ─────────────
▀▀▀▀▀▀▀▀▀▀▀▀▀▀─────────────█▄▄ ▄▄█                                                   ANN Thread | Twitter | Facebook | Telegram | Medium                                                █▄▄ ▄▄█─────────────
MikeyVeez
Full Member
***
Offline Offline

Activity: 728
Merit: 100


DocTailor IEO on Zloadr


View Profile
July 20, 2019, 03:13:04 PM
 #11

Libra will not be launched without regulations.
Look how many times in the history alternative money has been created and how many has survived? E-gold, Liberty dollar and so on..

▬▬ • • •  DOCTailor    Unique self-customizing smart legal contract platform  • • • ▬▬
▬▬▬▬▬   ANN  Bounty  Whitepaper  ▬▬  Slack  Facebook  Twitter  Telegram  Linkedin   ▬▬▬▬▬
▌▌  Click for PRE-SALE  ▬▬▬  IEO: Jul 20th   ▐▐
Mr.Ease
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 524



View Profile
July 20, 2019, 03:15:12 PM
 #12

Libra is a centralized project.

As stated best: If Libra complies with all regulations across the world it will just end up being a blockchain based "paypal" and nothing more.

~ Too Many Scams, Schemes, and Shitcoins... ~
Mr.Ease
Hero Member
*****
Offline Offline

Activity: 1316
Merit: 524



View Profile
July 20, 2019, 03:35:53 PM
 #13

Bro. Libra has to be regulated... Its a centralized project.

FB is not going to skim around regulations and put the cash cow Facebook on the line for some stupid crypto.

They will do it the right way because they have to or suffer major consequences. This is also a good thing.

As for money laundering and illicit uses... Nothing will ever compare to the all time champion - US dollars.
USD is universally accepted, easily washed, and valuable.

More drugs are changed hands through USD than Libra could ever aspire to.

Simply: i doubt libra will be the go to choice for illegal activities.

~ Too Many Scams, Schemes, and Shitcoins... ~
yangongear
Full Member
***
Offline Offline

Activity: 296
Merit: 100


send and receive money instantly, with no hidden c


View Profile
July 20, 2019, 03:56:24 PM
 #14

Libra will not affect the world economy. And it will be regulated if you want to be released. As David Marcus himself told the Senate, if Facebook does not do so, many other companies will also join the crypto market. It is only a matter of time.

Mpamaegbu
Sr. Member
****
Offline Offline

Activity: 1022
Merit: 297


send and receive money with no hidden costs


View Profile
July 20, 2019, 04:43:59 PM
 #15

Of course, you and I know that the existence of  Libra will definitely upset world economy if it's not regulated? BTW, what kind of regulations or censorship can this even take, to start with? We already have seen how the entire world is influenced and enchanted with Facebook. So, I expect this same level of patronage for Libra once it debuts.

██▄                      ▄██
▀███▄                  ▄███▀
  ▀███▄              ▄███▀
██▄ ▀███▄          ▄███▀
▀███▄ ▀███▄      ▄███▀
  ▀██   ▀██    ▄███▀
             ▄███▀
             ▀███▄
        ▄██    ▀███▄
      ▄███▀      ▀███▄
    ▄███▀          ▀███▄
  ▄███▀              ▀███▄
▄███▀                  ▀███▄
██▀                      ▀██

X.C.A.R.DTM

████
██
██
██
██
██
██
██
██
██
██
██
██
████
.SEND AND RECEIVE MONEY
.INSTANTLY, WITH NO.....
.HIDDEN COSTS..........

▄████████████████████████████████████▄
██▀                                ▀██
██  ▄▄▄▄▄▄  ▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄   ██
██                     █        █   ██
██  ▀ ▀▀▀ ▀▀ ▀▀▀ ▀▀    █        █   ██
██                     █▄▄▄▄▄▄▄▄█   █▀
██
██
██  ▄▄▄▄▄▄  ▄▄▄▄▄▄  ▄▄▄▄▄▄  ▄▄▄▄▄▄  ██
██  █    █  █    █  █    █  █    █  ██
██  █▄▄▄▄█  █▄▄▄▄█  █▄▄▄▄█  █▄▄▄▄█  ██
██▄                                ▄██
▀████████████████████████████████████▀
.SPEND ANYWHERE,....
.ANY CRYPTOCURRENCY,.
.ANY PAYMENT CARD....

████
██
██
██
██
██
██
██
██
██
██
██
██
████

IEO
Q4 2019

████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████

▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀


▄██████████████████▄
██▀              ▀██
██                ██
██                ██
██    ▄▄▄▄▄▄▄▄    ██
██    ▀▀▀▀▀▀▀▀    ██
██   ▄▄▄▄▄▄▄▄▄▄   ██
██   ▀▀▀▀▀▀▀▀▀▀   ██
██
██
██                ██
██▄              ▄██
▀██████████████████▀
.
WP
▀ ▀▀▀



ck343
Jr. Member
*
Offline Offline

Activity: 93
Merit: 1


View Profile
July 20, 2019, 06:12:29 PM
 #16

Is Facebook launching a stable coin on a global scale without regulations harmful to world economy?

According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their own currencies without democratic control.”

https://www.zerohedge.com/news/2019-07-18/libra-will-upset-world-economy-if-it-isnt-regulated-tightly-g7-warns



What kind of "democratic control" are central banks subject to?

 Angry Angry Angry
Leyss
Member
**
Offline Offline

Activity: 560
Merit: 12


View Profile
July 20, 2019, 07:14:54 PM
 #17

Coin Libra can only be centralized. It is issued as a stable coin and issues its Facebook under the provision of more than twenty different ordinary currencies and securities. Therefore, it can only be centralized.
Moreover, Libra may not appear at all, since the G-7 countries are now actively taking legislative measures to do this.

shulc7
Full Member
***
Offline Offline

Activity: 490
Merit: 100


View Profile
July 20, 2019, 09:02:46 PM
 #18

It seems to me that the world economy is not threatened by Libra.  But for some reason the United States is very afraid of libra.  Because I read articles that the US wants to ban it.

Libra seems to be a more realistic alternative to traditional currencies and money transfers. Donald Trump criticized cryptocurrencies and recommended to Facebook to obtain banking licenses and work within the framework of banking regulation. He understands that Libra will become a serious rival of the dollar and it can negatively affect national banking.

bigcash2011
Sr. Member
****
Offline Offline

Activity: 924
Merit: 258


SwapZilla - Revolutionary Instant Exchange


View Profile WWW
July 20, 2019, 09:20:27 PM
 #19

I would love to see libra as a truly decentralized stablecoin but with the current events and happenings it seems like it will be a fully centralized and taxed asset with full control of authorities otherwise they will not let fb launch this coin, this is what i am foreseeing about libra.

Miy Monk
Copper Member
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
July 29, 2019, 06:57:02 PM
 #20

Whether Libra regulated or not by the authority I don't think it'll upset the economy. As we know the US want to ban it. I hope it'll bring something good as stable coin.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!