Are you worried that France and Germany agree to block Facebook's Libra?

[boranes]

Hypocritical move, banning one crypto and leaving all other crypto's as legit. I don't know what is so bad about libra that it calls for a ban by France and Germany but it certainly reminds that banks are regulating everything. We are fine as long they don't touch other cryptocurencies, especially bitcoin.

[cudora]

Without any doubt those are bad news. Especially, I did not expect this to happen in Europe, because it was always really crypto friendly and you could purchase even stuff on the street with crypto currencies.

[Nivia1st]

Hypocritical move, banning one crypto and leaving all other crypto's as legit. I don't know what is so bad about libra that it calls for a ban by France and Germany but it certainly reminds that banks are regulating everything. We are fine as long they don't touch other cryptocurencies, especially bitcoin.

yes I agree with you, I'm not too worried as long as they don't affect the big crypto (btc or eth). there is and without a crypto market libra cudah is quite large and even though libra is blocked throughout the world even though it will not affect the market.

[atjiat]

It seems that the Libra project will not be implemented, since he has a lot of opponents.  You can pay attention to the fact that not only the US government turned to Libra developers a moratorium on the implementation of this project almost a month ago, but today the number of countries opposing Libra is increasing.  At the same time, France and Germany do not pursue negative policies regarding the cryptocurrency market, because they believe that trading in cryptocurrencies does not violate any laws and should not even be taxed.

[GrosWesh]

No, I'm not worried. And surprisingly, while I do not like Libra (mainly because it emanates from Facebook), I must recognize it's playing the role of a 'catalyst', forcing states to react.

To me it could lead to the creation of state cryptocurrencies (stablecoins), leaving a big space to bitcoin and other cryptos as 'store of value' assets.

[omone1]

This is serious, they are seeing it as a threat. But isn't Libra coin suffering too much in the hands of the politicians! they need not block it, they should just create a rival coin as an alternative to Libra and let's see how they fair.

[scambust]

I think France and Germany blocking Libra is more about avoiding private companies like Mark Zuckerburg's Facebook to have a controlling stake in a future financial system for Europe. They like Bitcoin more because it is decentralized.

[aioc]

it will just make Libra coin a popular coin in the market, they are doing what they've done to Bitcoin when it was just starting out, I don't know what they did see that they want to ban Libracoin, we will see its impact once Libra coin is launch, and we will also see if Libra is detrimental or contributor to Cryptocurrency's growth.

[ðºÞæ]

This is serious, they are seeing it as a threat. But isn't Libra coin suffering too much in the hands of the politicians! they need not block it, they should just create a rival coin as an alternative to Libra and let's see how they fair.

Every private company creating money in the past has been shut down. Nothing new.

Secondary, its a scam anyway
https://bitcointalk.org/index.php?topic=5184561.msg52454628#msg52454628

[timmmers]

France and Germany didn´t say that they are going to block all cryptocurrencies. They have only problem with stablecoins created by corporate companies. They are afraid that such stablecoins can threaten the sovereignty of the state. 

[serjent05]

Without any doubt those are bad news. Especially, I did not expect this to happen in Europe, because it was always really crypto friendly and you could purchase even stuff on the street with crypto currencies.

Probably this country has seen something alarming with Facebook's Libra.  They are we aware how popular facebook is and probably see it as a threat to their centralized financial instittuiton.  Aside from that there are lots of issue regarding facebooks mishandling of accounts and leaking privacy info of their members.  Maybe this is one of the major reason why the two country is aiming to block FB Libra, thinking that  Libra may exploit their client the way FB exploit the identity of their users.

[randa2000]

libra not live yet, and crypto world is free to use, why to worry, we still not sure if this project wil success or not, i am waiting to see what will happen

[Mysteryla]

~

I was almost forgetting about Libra coin, because I had concluded that it has been written off by the team, due to lots of attacks, even from the US government.
If France and Germany is zeroing on it, why should I be worried. Inasmuch as the team is still having the desire and zeal to continue with it, irrespective f the opinion of any country, it dies not stop its success

[kawetsriyanto]

Maybe it's in it because there are certain interests. The reason is not strong enough.
In this case, actually there are still many other countries that accept and support Facebook coin, Libra. I myself think if some countries want to block the coin, does that mean because Libra has a high potential for success?
If it's like this, we don't need to worry too much. As long as the coins are able to survive and are more valuable, they will also receive them later.

[shinratensei_]

I think France and Germany blocking Libra is more about avoiding private companies like Mark Zuckerburg's Facebook to have a controlling stake in a future financial system for Europe. They like Bitcoin more because it is decentralized.

Germany has already made a reason why it's not allowed to be operated and will have banned by that country and the reason is

The strategy includes creating a "digital corporation" legal form to facilitate start-ups, and a ban on "market-relevant private stablecoins," Heilmann says.

source: https://seekingalpha.com/news/3499306-germany-set-ban-libra-favor-state-solution-report

It's much more on the domination by a single person but that country will be allowing any blockchain startup to operated and german will be facilitated blockchain startup.

[ariyzt]

if that only happend on facebook's coin libra only then its okay , libra just another stable coin for me, lost interest to invest on libra coin. its enough for me use usdt and usdc as stable coin. if that happend I dont think that will impact crypticurrency at all.

[robelneo]

Why should I be worried they are not yet tradeable in the market, everything that are attached to Libracoin is all just possibility, they are all afraid of the possibility that Libracoin is going to do, they should have let it launchg first and just ban if there are some actions that Libra coin team are doing that are against their existing policy.

[Tylev]

I do not think Libra is a good idea. I do not think that global financial stability should be given in private hands. A similar stable coin should be created by a number of states whose currencies will be used as its security. Therefore, I am even more interested in a similar coin from the Chinese government - CBDC.
As far as I know, not only Germany and France strongly oppose the appearance of the Libra coin. All G-7 states have the same opinion.

[STT]

Seems wrong to me but Im not surprised the European central bank does not want any competition and the idea of the EU to begin with is a closed system of trade within members only.  If Libra helped to open up currency across the world then we cant be surprised they want to ban Libra.
   Its not right because both these countries are supposed to be democracies and in some way based on capitalism which is the idea of each individual has the means to own production and capital not the state or by royal charter like we had for hundreds of years previous.   The problem with centralised value and absolute control by those in power is it becomes more open to corruption and failure and unfortunately that is the likely trend for many western economies now, bans wont help them retain power as it declines in a natural phenomena not by any individual or single companies will.

https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU

[jostorres]

This is a funny pic, especially that guy that is behind them campaigning for bitcoin, I really don’t know why they support bitcoin and do not want Facebook, we can see that bitcoin own the cryptocurrency and no matter how big another alt may be, it can never be accepted by people. France and Germany don’t even need to go to the length of disagreeing with Facebook crypto before Facebook realize that people would not use it.

Why should I use Facebook coin, when I already know all the story behind Facebook on how they usually steal and sell people’s data to make money, if I now put my financial life in their hands, what then do I expect to happen, they will just sell the whole of me, so I support that they should not allow Facebook to operate, nemesis is catching up on them when they were blocking every crypto adverts, they didn’t know they will need the support of people too.