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

[Inu.Guren]

no, i don;t care about Libra, but as we know Facebook is just part of Libra Project with other company are backed on this project, and many of them are big company with have big marketshares in their industry, for example Facebook have much active user, when they advertise this project on their platform, you think how many people can reach, and even europe are block Libra i think don't affect Libra project itslef

[Mianae]

Well there already cryptocurrency projects being developed in Germany specifically I wouldn't understand their reasons for trying to block Libra project when they have their native citizens develop nd build cryptocurrency projects in Germany. For instance we have savedroid in Frankfurt, then there's Bitbond also a German cryptocurrency project.

[Davian144]

Well there already cryptocurrency projects being developed in Germany specifically I wouldn't understand their reasons for trying to block Libra project when they have their native citizens develop nd build cryptocurrency projects in Germany. For instance we have savedroid in Frankfurt, then there's Bitbond also a German cryptocurrency project.

True, it could be because of their own projects in Germany and France, so that the presence of Libra is blocked by them so there is no competition between projects in the lives of German and French people in particular, even though the presence of Libra is also not necessarily able to damage the reputation of other projects in Germany or in Germany. France.

[STT]

That would be protectionism and really wouldn't encourage the development of crypto projects within Germany by suppressing any business outside Germany wanting to do trade.   Its hard to discount this idea completely but I think the real main motivation is governments want and need even to have a iron fist control of currency most usable within their borders.    They could state security concerns as the main reason but I doubt thats it either.
   I'm interested in how Japan might react in contrast as they have been the most positive western government towards crypto that I can remember.   Also every government I can think of otherwise has threatened to ban crypto at some point, mostly because they dislike the idea of free exchange of value.    If they cant tax it, what use is its continued existence?  Its almost a joke its so biased in its thinking but I dont think that far off the jist of how governments examine anything.

[imstillthebest]

no, i don;t care about Libra, but as we know Facebook is just part of Libra Project with other company are backed on this project, and many of them are big company with have big marketshares in their industry,

you state enough reason on how big libra was but you still dont care about it ? its big that it can impact  other cryptos not just cryptos but it can also impact other busineses as well  but thankfully some other countries decided to block it , i think they only did a good decision there  .

 they are only protecting thier countries own coin  for a possible competition that libra coin can bring  .

 i dont worry about the issue but i already feel contented that those countries already taken an action  .

[drumamat]

Yes I am worried about this issue. Because like what China done to ban crypto, now France and German will block facebook's libra. And eventually all the crypto will follow to be block to those country and I think like China they will launch their own crypto. And worst thing there is possibility that many country will follow those action. It will have a bad impact to the coin holder and investors and can cause loss.

Bitcoin cannot be banned.Libra can.What are the specific losses You will incur?I personally neither cold nor hot from that Libra will live or not.About China-what made You think that there cryptocurrency is prohibited to use?

Based on the graph, we can assume that only one exchange Huobi 800 thousand chinese.As you know, this indicator shows statistics of only one exchange.In general, of course, there are more chinese.

[bvg96634]

I thought it was only France that demonstrated some hostility. anyway, i am not a fan of libra so no regrets really. let it be, as they say.

[landoffaucets]

Two countries are Libra positive but the rest world is sceptic about Libra. If these 2 countries allow Facebook to run Libra in these countries, would this really mean a worldwide payment method?

[Convery]

I thought that US and whole Europe is against Facebook Libra so Libra partnered with Switzerland to launch Libra here.

Switzerland is a well known as a country that is crypto positive, that makes this country rich because many crypto companies just moved here.

[TaliskerDarkStorm]

Me? No, I'm definitely not. Mark Zuckberg has already been tried by the Human Rights Court if I remember correctly. This means that especially Europe and European countries do not trust MZ. Blockchain technology can turn into a more dangerous weapon if it falls into the wrong hands. Europe is vetoing the Libra project because they know Mark Zuckberg is scammer and fraud. This is understandable and I would like to congratulate the European countries for doing so. They made the right decision. Blockchain should not put scammers like Mark Zuckberg into the ecosystem and throw them out of the system.

[Spaffin]

Facebook is a huge social network that already today has access to large amounts of personal data and therefore, in this case, there is a certain danger.  We all know about the lawsuits of the Facebook administration and other problems regarding the loss of personal data of users, and this situation changes the attitude towards the Libra project itself.  I believe that everyone should do their own thing, and not try to follow the trend.  Speaking in your words, I really appreciate blockchain and cryptocurrency for the opportunity to become not only financially independent, but also independent of all banking systems and governments.  But at the same time, Libra will concentrate all user data, including financial, which will be concentrated in the hands of Facebook.  I would not like that very much.  Apparently there is already a certain list of countries, not just Germany and France, which will actively oppose the implementation of this project.

[JeffBrad12]

Not really, even Libra is cancelled it won't even bother me as it is basically the same as other existing centralized crypto like all those stablecoins alright? the difference is only because Libra issued by massive corporation that has a really huge capitalization and therefore making people feeling excited about it while it's actually just repeating the same cycle that already existed.
It seems that if France and Germany really agree to block libra, visa and mastercards which thinking about reconsidering the decision of investing into Libra might back out.

[ven7net]

Personally, this news doesn’t bother me much and I don’t worry about it. How many different news have already been in the direction of cryptocurrencies and various platforms, but they either did not come true or everything happened on the contrary. I would not particularly pay attention to such statements, because, as world practice shows, today they say one thing and tomorrow they do another. I do not exclude that this is just a specially created statement, which would put pressure on someone or confuse the community somewhere.

[o48o]

Of course i am not; They want to block Libra because they can block it, and that's because it's centralized. This just brings more people to bitcoin when they start to look for answers on why can't they won't block that too. And there's really no need for another centralized stablecoin like Libra. We already have DAI, Tether and other stable coins that i can't even remember.

[terencio]

I never worry at all about the news and Europe is leading the way to become the block chain hub, so this issue can be resolved on a later stage. Facebook is a big organization they might prepare for this problem.

[Wintersoldier]

In terms of facebook's libra coin, I think France and Germany will not contribute that big to the development of the coin, since facebook is a social media, people who are using facebook will be the big subject to it. Let us consider the country like india as the top facebook users in the world 2019 based on https://sproutsocial.com/insights/facebook-stats-for-marketers/. The top users will have the biggest impact on the libra coin as they are the direct subject to it.

[Arsenyo]

No, we shouldn't worry. If they could ban bitcoin, they would have done it years ago. I am not a fan of Libra and Facebook itself. And not only Germany and France are strongly against the appearance of the Libra. Its launch in 2020 is really doubtful.

[FLHippy]

It is very important for us to see how regulators approach centralized cryptocurrencies. They have problem with Libra or Tether. But they didn´t show negative attitude against Bitcoin. Because they do not believe that one day Bitcoin could dominate the world?

[masterrex]

No im not worried about that issue since, facebook Libra is different from Bitcoin and other existing cryptocurrencies, while Libra is a so called crypto stablecoin but it was not fully decentralized in my opinion, the main reason why these regulatory issues arise because Facebook Libra was intended to replace the existing traditional fiat currency and countries that opposing it like you mentioned (France and Germany) are feeling threatened in that case im sure Bitcoin and other cryptocurrencies wont be affected by that so called Ban.

[alyssa85]

It is very important for us to see how regulators approach centralized cryptocurrencies. They have problem with Libra or Tether. But they didn´t show negative attitude against Bitcoin. Because they do not believe that one day Bitcoin could dominate the world?

Bitcoin is decentralised, there are loads of crypto businesses from miners to wallet providers like Coinbase to exchanges, involved in bitcoin. There is a proper eco-system and no one company "owns" bitcoin or the other alts.

Whereas Libra is just Facebook and centralises power in Zukerberg's hands. Given that Zukerberg is not a nice man, this is a problem.