Libra have some problems?

[Prompyboo]

France promises to block Libra and calls all other European countries to do the same....

What do you think about this news? How this will affect on the market?

[jjjfff]

The EU is reacting because they believe the ECB is the only entity allowed to print endless money to pump the markets.

Anyway Libra is Facebook's version of Paypal using blockchain and not a truly decentralized crypto.

[poodle63]

France promises to block Libra and calls all other European countries to do the same....

What do you think about this news? How this will affect on the market?

that will be affecting the adoption of libra by the users and imagine how many potential users that can be gained by libra from the France country only. If this country will call the same thing for another country and it will be disrupting the adoption by the users from the EU and that can create a bad reputation for libra caused by it will be banned by some EU countries if that happens.
It will give a huge impact to the opinion that will be made by another EU country too.

[YuginKadoya]

https://www.thesun.co.uk/tech/9914118/facebooks-libra-cryptocurrency-france-ban-europe/

I think this is the link on the article for your post, for other users to check and verify for your thread,

I guess a few European countries is pretty aware with the given criticisms that the public have branding for facebooks own cryptocurrency that it is dagerous indeed for trading and might someday be a threat for the security of the common consumers, That is why France is banning Libra and now the france minister that libra be banned in europe as well.

[DaMut]

France promises to block Libra and calls all other European countries to do the same....

What do you think about this news? How this will affect on the market?

that will be affecting the adoption of libra by the users and imagine how many potential users that can be gained by libra from the France country only. If this country will call the same thing for another country and it will be disrupting the adoption by the users from the EU and that can create a bad reputation for libra caused by it will be banned by some EU countries if that happens.
It will give a huge impact to the opinion that will be made by another EU country too.

What are you talking about?

France promises to block Libra and calls all other European countries to do the same....

What do you think about this news? How this will affect on the market?

Libra aims to be a fully regulated and stable coin and if it gets regulated and people use it for their daily basis. What will happen?
cryptocurrency is full of manipulation, even if Libra gets licensed under the law. It will not change the fact that they can do whatever they want to do to manipulate the coin,
and do not forget about how bad they treated their users when we're using Facebook. It is going to be a problem if they allow this kind of thing to be fully regulated money.
for another example, look at USDT. Just how many coins did they generate this couple of years? to counter the problem they face, they could print as much as they can.

[Alisha FR]

France promises to block Libra and calls all other European countries to do the same....

What do you think about this news? How this will affect on the market?

if this really happens then it will make Facebook inflamed, because Facebook and Libra go hand in hand, if Libra is blocked then Facebook will also be affected in France and the EU. but for the market as a whole, in my opinion, it will not be so influential.

[Nivia1st]

France promises to block Libra and calls all other European countries to do the same....

What do you think about this news? How this will affect on the market?

yes i agree, from the start libra is not cryptocurrency. Facebook only wants to make shitcoin to get our money. so they should be blocked. in their home country, they still have problems with regulation. many people oppose this project. so why should we support it?

[ezeobulu007]

But France makes use of Facebook and other related Mark's social media, I think this news is fake.

[bittraffic]

France can only block and call European countries to also block Libra but I think they still can launch if they really will. France is too early to do this though but learning all these means US government had already approved Libra? This France pronounciation affects the hopeful of this Libra though.

[avikz]

France promises to block Libra and calls all other European countries to do the same....

France certainly don't want their economy to be mixed with a US based company, so they blocked it even before its release! Great news! Libra is not a cryptocurrency in any way. It is just another parallel banking system owned by a private corporation!

What do you think about this news? How this will affect on the market?

What market you are referring to?? Libra is not yet released to any market in the world. It doesn't have a market yet!  

[Lanatsa]

France promises to block Libra and calls all other European countries to do the same....

What do you think about this news? How this will affect on the market?

Okay lets put up some news links related to this:

https://www.coindesk.com/france-says-it-will-block-facebook-libra-in-europe-report
https://www.cnbc.com/2019/09/12/france-says-it-will-block-development-of-facebooks-libra-in-europe.html
https://www.bbc.com/news/business-49677146

My views? We know on how big EU country is but it isn't a complete reason for Libra to be stopped.

[NoirSuccubus]

I wonder why France is reacting this way, I mean, all of us respond to Libra differently but what made France to be against it?

[kram31]

I expected this, LIBRA will get more attention from different country as it is a big addition to cryptocurrency.
We all know how popular and powerful Facebook to lives of people all over the world.
This is the main reason why many government dont want to be with LIBRA, they are scared for their FIAT.

[salty]

Anyway Libra is Facebook's version of Paypal using blockchain and not a truly decentralized crypto.

That's right, and that's why Libra has no chance of success.This ban has proposed to impose only France but I think also other countries will prohibit the use of these coins is.

[Godstrength]

Facebook's Libra will most likely replicate all the issues generated by Facebook. The community is seeing them possibly selling investors data, which is similar to them selling consumer details for facebook members. An issue that a telecom company entering the blockchain industry is fixing (in a way), where it's up to you if you wanna sell your data to get profit or not.

I'm seeing more countries oppose Libra as they try to make moves and will have no effect at all in the digital gold era. If they ever succeed in pushing through, I imagine it being one of the top listed coins because of the people behind it.

[metallica101]

Whatever happens to Libra, the very fact that Facebook is bringing a cryptocurrency will mostly have a positive impact due to increased awareness. Libra is not a real crypto, but a lot of people still don't even know about crypto. What they do know about, however, is Facebook. Using FB to increase awareness of cryptocurrency is good enough. Also, banning anything will only cause people to want it more, so if Libra gets banned, who's to say that people won't simply look up cryptocurencies, figure out Bitcoin, and continue on from there?

[ATSgrowth]

This is the problem when you create a centralized cryptocurrency. They can ban it and imprison the creator for breaking the law.
But if you would like to imprison creator of Bitcoin whom you send? 

[CoinEraser]

Germany follows france and wants also to ban Libra. So there are already 2 EU countries that are against Libra. Certainly other EU countries will follow. Currently it doesn't look good for Libra. 

[taufik123]

But France makes use of Facebook and other related Mark's social media, I think this news is fake.

how do you know this news is fake? Have you read the news?
France only uses Facebook's social media and what France is talking about is the Libra cryptocurrency project, which will be launched by Facebook, because it will be a danger and a threat to the "monetary sovereignty" of countries across continents.

https://www.thesun.co.uk/tech/9914118/facebooks-libra-cryptocurrency-france-ban-europe/

[dearbesz1219]

And that is the beginning, Libra hasn´t started and they have problems with US, French, China governments.
Now it doesn´t look as a global payment method, right?
Bitcoin for the win!