is this because of libra ?

[magneto]

Probably not in particular.

However, Libra has had a long record of being prosecuted by governments and regulatory agencies worldwide. It's not really surprising that new legislation is still popping up that is essentially targeting the existence of Libra.

I don't really see how a centralised project like Libra can survive without government endorsement. Especially when they see it as a threat to current frameworks.

Without the support of the government, Libra coin is still constrained by regulations in several countries. If you get approval from financial and government authorities, I think the potential of Libra coin is very large because it is supported by the large number of Facebook members worldwide.

The problem here is that they *aren't* getting any approvals from financial regulators.

If they did, then yes, there is no doubt that there is significant potential here for widespread adoption. However, right now they don't have the support of the decentralised crypto community nor the regulatory authorities, a double whammy.

Unless they can somehow fix that, they're not going to find success the same way Wechat or Alibaba did in the Chinese market.

[K4C]

Yea, u think Libra opened the eyes of many people and Governments that were ignorant of the existence of Blockchain technology or those who just choose to ignore it and hope it goes away, I just hope these new coins and innovations and regulations by Governments worldwide would trigger an altszn.

[Alhamza24]

This can be true. Much unhealthy news is speculating related to libra. That why I believe libra is not a good option for investment.

[darewaller]

This can be true. Much unhealthy news is speculating related to libra. That why I believe libra is not a good option for investment.

I do not think Libra is actually even affecting the way that people are accepting cryptocurrency and I don't even think that government ever see Libra project as cryptocurrency because it looks to me like Libra has a hidden agenda that people do not know of yet and I think Facebook is just trying to create a product to be able to take some financial power form the government which I see as a way of dealing with  government because of the several attack they have given to Facebook as regards its platform.

I see no reason why Facebook coin actually should be release because the solution they claim they are even bringing has never been a problem to us, and since people don’t see what they claim as issue problem, there is no need for them to waste their precious time on Libra.

[enhu]

It must be due to libra. They see it a threat when its release and they know how tether were being used to manipulate. Facebook is no different to a government powerful enough to manipulate politics not just the media and all the more if they have the currency to play with. Would be seeing European countries not going to be friendly to crypto in the coming days?

[DU18]

This can be true. Much unhealthy news is speculating related to libra. That why I believe libra is not a good option for investment.

As Facebook itself said, that libra was created not as an investment asset but as a means of payment that could replace fiat money like the dollar, so that this would not allow a significant rise in prices on Libra coins, so that it would not benefit the holders of coin libra because they are undeveloped (stabil), are different from cryptocurrency which is indeed fluactive to market movements, so that the makes crypto an investment choice, and we know that a good investment must provide an advantage for its investors

[kawetsriyanto]

Libra really gives a big influence on the condition of the crypto world. However, to influence this kind of condition as you said, I don't think that it is really because of Libra at all. It may be, but of course, they have their own reasons why they need to monitor the blockchain and also a stable coin.
In this case, every country has their determination to face the blockchain and crypto development. We can only follow the flow.

[Aabcde]

This is just a stablecoin problem, Libra is also included stablecoin but not as a trigger. Because Libra itself has not been released to the public despite the existence of regulatory issues.
If the Swiss Federal Council observations that stablecoin and blockchain get a positive value, I am absolutely sure that Europe will apply it gradually. Because stablecoin can be very suitable for practical currency usage. And moreover, the blockchain can be implemented to form the existing human needs system.

[secretgirl]

I don't think it's because of libra because until now libra hasn't been released and we also don't understand the impact of this libra coin. I think this statement arises because of the many altcoin projects that are scams and also the presence of stable coins such as USDT, trueUSD and MNX. I think they want to protect investors to stay safe in investing in cryptocurrency.