Facebook’s new cryptocurrency

[Malam90]

Facebook’s cryptocurrency Libra is Coming it is not sure. USA Cabinet members Doubt to Libra. So it is bad news for Libra. But i think if Libra come Cryptocurrency market will be stable And trusted. Then Tradets and investors will come here without any hagitations.   

I have also read this news in our local daily newspaper that LIBRA is under investigation by USA Cabinet. If facebook Mark Jukarburg can show LIBRA's reality and probable facilities but not harmful to USA regulations, surely it will come to light.

[tsakf]

I have also read this news in our local daily newspaper that LIBRA is under investigation by USA Cabinet. If facebook Mark Jukarburg can show LIBRA's reality and probable facilities but not harmful to USA regulations, surely it will come to light.

Face book is very big, with millions of users. It is a great threat, because suddenly, many people, will have a new option. Governments don't like that.

[Cryptoz]

Actually the concept brought by the Facebook cryptocurrency called Libra is very promising. Moreover it ha partnership with trusted payment method around the world. But we must analyze more this coin next. Hopefully, it will be worth buying

[Fenix]

Actually the concept brought by the Facebook cryptocurrency called Libra is very promising. Moreover it ha partnership with trusted payment method around the world. But we must analyze more this coin next. Hopefully, it will be worth buying

Just with the prospect of Libra coins there were big problems. Now the United States and Europe are united in their resolute intention at the legislative level to prevent the emergence of this coin. A corresponding bill has already been submitted to the US Congress that does not allow large IT campaigns to participate in such financial projects. Also at the meeting of G-20 finance ministers of the countries, it was decided to prohibit the circulation of this coin on its territory. Therefore, Libra may never appear.

[Noverteno]

Actually the concept brought by the Facebook cryptocurrency called Libra is very promising. Moreover it ha partnership with trusted payment method around the world. But we must analyze more this coin next. Hopefully, it will be worth buying

Just with the prospect of Libra coins there were big problems. Now the United States and Europe are united in their resolute intention at the legislative level to prevent the emergence of this coin. A corresponding bill has already been submitted to the US Congress that does not allow large IT campaigns to participate in such financial projects. Also at the meeting of G-20 finance ministers of the countries, it was decided to prohibit the circulation of this coin on its territory. Therefore, Libra may never appear.

Yes, Libra is now facing a serious threat. Since the US and Europe are actively preparing to ban this coin, and also have a serious pressure on Facebook, this coin may not appear.

[Peter90]

According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their own currencies without democratic control.”

https://www.zerohedge.com/news/2019-07-18/libra-will-upset-world-economy-if-it-isnt-regulated-tightly-g7-warns


What kind of "democratic control" are central banks subject to?

 

[sampoerna]

Yes, Libra is now facing a serious threat. Since the US and Europe are actively preparing to ban this coin, and also have a serious pressure on Facebook, this coin may not appear.

I don't know if the US and Europe can stop Libra and Facebook to have a digital coin. I think it is like a drama, why they just respond it right now. Libra issue didn't appear yesterday, it already appeared for weeks or even months. I don't know what behind the ban news, but it seems like a drama.

[tsakf]

Actually the concept brought by the Facebook cryptocurrency called Libra is very promising. Moreover it ha partnership with trusted payment method around the world. But we must analyze more this coin next. Hopefully, it will be worth buying

Yes, it is promising. Governments are panicked, because suddenly, millions of people, will have access to another currency. This is a major threat. Normal cryptocurrencies, have a small number of users, that grow slowly. No threat at all.

[Alcor]

According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their own currencies without democratic control.”

https://www.zerohedge.com/news/2019-07-18/libra-will-upset-world-economy-if-it-isnt-regulated-tightly-g7-warns


What kind of "democratic control" are central banks subject to?

 

It’s one thing if a coin that claims to have a global impact on the global financial market is issued by the state, and another if it is issued by a private campaign, when it can declare its bankruptcy on any given day. For the financial market, this can have very bad consequences. And influential states see their serious competitor in Libra.

[hovrah]

If the situation develops precisely in such a plane, then most likely the scales will function as a payment system, like PayPal.  Of course this is my personal opinion.  But I would like to see the final result of the project in order to then be able to talk about the real product, and not about Facebook’s plans.

[BtcKaan]

The creation of tokens by a company like Facebook indicates that Bitcoin is constantly used by people in the future and that all transactions will be done continuously through Bitcoin

[Cartown]

For me, this is a "dark horse."  It is believed so much, it is attributed to greatness compared to other coins, but it has not shown itself yet, I do not know how to evaluate it.

[Puncak_pelangi]

It's not difficult for Facebook to raise as much as needed. I am sure Fabokok's cryptocurrency will be popular, also TON

[Carbitcoin]

It's not difficult for Facebook to raise as much as needed. I am sure Fabokok's cryptocurrency will be popular, also TON

I think that we still have to see what the struggle will be between Facebook and the US government.  If, indeed, Libra is a competitor of the dollar, then many countries are waiting for negative consequences, and not only in the United States.

[dewod_]

After reading this article, I've started to disagree that Libra will be cryptocurrency at all. We still don't know much about this coin, but all signs suggests that this will be an exact opposite of cryptocurrency ideals

Exactly, to me Libra is a huge mystery right now. It's too early to say something more abut it. One thing is certain: Libra is impactful. Great article, by the way.