China can easily launch a coin while Facebook is having a hard time

[bison]

Coin launching requires careful planning. Libra is planning the best and I hear if Libra will come in the market next year. there is still time and not just China, but all countries that are not hindered by their country's regulations can make launching their coins. managing the regulations will be very important to help ease or hinder the growth of coin launching.

[1714672605]

1714672605

[ATSgrowth]

All about China is a big bubble. Chinese altcoins are pumping only because fake news are spread across the community.
But China is going to create private digital Yuan, not a cryptocurrency, mineable, decentralized.. Also president is not talking about cryptocurrencies, but about blockchain only. 

[BartS]

US can't interfere with China plans. Yes it is another issue on politics I guess, Mark's project is under US government which is under their direct supervision. This is clearly Libra Project is just been holding by the SEC and Congress. How come they can't support their own member. Cause one thing I'm sure, US protect only those with their best interest unlike China that support their own. They are really one country one team.

If cryptocurrencies keep gaining recognition around the world then the US government at some point is going to want to release their own cryptocurrency.

When you think about this it does not make too much sense for the US government to allow Facebook to release their own coin, they will have to compete against Facebook if they let them, and Facebook will also become something more than a social network it will become something closer to a central bank.

[karanggatak]

I don't think we can compare the Chinese crypto coin called DCEP with Facebook Libra. because they are different. Facebook is a cryptocurrency coin that will be created by a large company and which already has sizable members throughout the world. Most European governments and members of the United States Congress reject Libra for fear that Libra will disrupt the stability of the dollar and euro. while DCEP is a cryptocurrency made by the Chinese government for their people. so that this DCEP can be easily created and released because it is supported by the Chinese government.

[Golftech]

US can't interfere with China plans. Yes it is another issue on politics I guess, Mark's project is under US government which is under their direct supervision. This is clearly Libra Project is just been holding by the SEC and Congress. How come they can't support their own member. Cause one thing I'm sure, US protect only those with their best interest unlike China that support their own. They are really one country one team.

If cryptocurrencies keep gaining recognition around the world then the US government at some point is going to want to release their own cryptocurrency.

When you think about this it does not make too much sense for the US government to allow Facebook to release their own coin, they will have to compete against Facebook if they let them, and Facebook will also become something more than a social network it will become something closer to a central bank.

That's the logic and the very reason why the US government and European nations are not interested to allow Libra to exist, it will gained much power over their financial system. Unlike China's own version's of crypto where the President itself who foresee the future advantage of blockchain. Allowing the government to use the system to create crypto that will cater the needs of their people who knows how crypto works.

[alexsandria]

All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,

It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.

What's your thought on this?

It is not about the name who wants to produce it. Mark Zuckerberg and facebook has its reputation around the world though they have a huge name what they are fighting against is the government who has the absolute authority with it. What they differ is that the China government is somehow open with this plus they all been regulated I supposed which on the other hand facebook Libra is having a hard time with that. If it was all about the name probably facebook would make it through

[JeffBrad12]

All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,

It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.

What's your thought on this?

It is not about the name who wants to produce it. Mark Zuckerberg and facebook has its reputation around the world though they have a huge name what they are fighting against is the government who has the absolute authority with it. What they differ is that the China government is somehow open with this plus they all been regulated I supposed which on the other hand facebook Libra is having a hard time with that. If it was all about the name probably facebook would make it through

Despite of all that I'm pretty sure that China themselves want a more centralized version of blockchain. Even Xi Jinping himself say to specifically accelerates the use of blockchain and not the cryptos. It's the same as those company that did research to implement blockchain system into theirs threfore it won't bring that much change to the crypto market anyway and I do agree with you. Facebook is a private company while China is a country and it has the authority to create the regulation or change it to whatever they want really different if you compare to Facebook where they will be facing a dead end if the government doesn't approve.

[ableh]

Why China can easily launch a coin while Facebook is having a hard time
~snip~
What's your thought on this?

It because China Coin is fully supported by the government, while Facebook isn't. If look at the Libra case, it seems that regulation is not the main problem, because I am sure they can easily to overcome this. So in my opinion, Facebook is always dealing with problems because it is related to business or personal interests. Considering that Libra is product of private company not government, so they will have trouble to control it if one day Libra is more attractive than the USD.

[chaoscoinz]

All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,

It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.

What's your thought on this?

My thoughts are that Xi Jinping is General Secretary of the Communist Party of China, while Mr. Mark Zuckerberg is Facebook's founder and current chairman. The difference is Mark is just a regular Joe who started and works for a company while Xi is a general.
   The differences are staggering. You have a member of China's communist party who's opinion holds heavy weight, vs a regular capitalist, who's opinion doesn't hold much weight by itself on government issues, hence why he went ton Congress first to receive their opinions on his Libra platform.

[Hamphser]

Why China can easily launch a coin while Facebook is having a hard time
~snip~
What's your thought on this?

It because China Coin is fully supported by the government, while Facebook isn't. If look at the Libra case, it seems that regulation is not the main problem, because I am sure they can easily to overcome this. So in my opinion, Facebook is always dealing with problems because it is related to business or personal interests. Considering that Libra is product of private company not government, so they will have trouble to control it if one day Libra is more attractive than the USD.

That's the difference between China and Libra coins. A private company versus the government, of course the government will always wins first. But if the government supported Libra coins we shouldn't be talking about it now why it still got delayed. China has been very picky of choosing their own cryptocurrency that's why they ban it before but now that they've decided to embrace the blockchain technology they're now making their own crypto.

[Fappanu]

China is led by law enforcement so how can we prevent them? While the Facebook Coin is only made by someone who complies with the law.

So we can't compare these two because they are so far apart and they have a huge difference. And yet we can not prevent a country to make their own coin. Maybe it can if it has a bad effect on people.

[quierx16]

All about China is a big bubble. Chinese altcoins are pumping only because fake news are spread across the community.

Why are you calling it a bubble? I think its a hard accusation, spreading fake news is just their strategy to get more attention Im not saying its a good thing to spread fake news but its business and thats the strategy they decide to use to win the market.

[supercanada1]

All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,

It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.

What's your thought on this?

It is not about the name who wants to produce it. Mark Zuckerberg and facebook has its reputation around the world though they have a huge name what they are fighting against is the government who has the absolute authority with it. What they differ is that the China government is somehow open with this plus they all been regulated I supposed which on the other hand facebook Libra is having a hard time with that. If it was all about the name probably facebook would make it through

Despite of all that I'm pretty sure that China themselves want a more centralized version of blockchain. Even Xi Jinping himself say to specifically accelerates the use of blockchain and not the cryptos. It's the same as those company that did research to implement blockchain system into theirs threfore it won't bring that much change to the crypto market anyway and I do agree with you. Facebook is a private company while China is a country and it has the authority to create the regulation or change it to whatever they want really different if you compare to Facebook where they will be facing a dead end if the government doesn't approve.

The main issue that china has with bitcoin and other such kinds is decentralized nature of them. This is the whole reason why China is trying to push away supporters of bitcoin by playing cheap tricks from time to time. Now bitcoin has no central authority, which means no one can control it, not even China. Due to this, it cannot control the digital market, which is future, either. This is the whole game. Blockchain is powerful tool, it cannot ignore that either.