Libra Is Ready for the Digital Money ‘Space Race’: Dante Disparte

[Nostoman]

The first Libra white paper published in June 2019 had the temerity to threaten the monetary authority of central banks and governments. The empire struck back.

That’s why an updated white paper from April 2020 has taken a belt and braces approach to regulatory compliance, said Dante Disparte, head of policy and communications at the Libra Association. The new technical document comes replete with buttoned-up hires and a pending payments license through the Swiss Financial Market Supervisory Authority (FINMA).

Libra’s watering-down of its global stablecoin to a series of fiat-backed stablecoins has prompted some commentators to say the project has lost its soul. Meanwhile, Libra has been written off by crypto purists (who didn’t like it anyway) and there is at least one U.S. lawmaker calling Libra’s revamp insufficient.
Source: https://www.coindesk.com/libra-is-ready-for-the-digital-money-space-race-dante-disparte

[damsix]

If it was created to threaten centralized finance, it would certainly not be supported by other financial authorities.
Even the threat is served to FINMA, where FINMA has something powerful in financial institutions.

If something new is created and threatens an existing ecosystem (which is good) then the newly created thing cannot be forced to be in one environment.

[Noverteno]

It seems to me that Libra is already gradually losing its relevance, even if they have not yet seen our world. At that time, when the countries of the European Union had already announced that they would not allow the passage of Libra on their territory, Zuckerberg refused to provide this coin with the Japanese yen. This solution looks a little strange. Given that in the US, Libra is viewed with suspicion where this stable coin will go.
When most states issue their national stable coins, the need to use Libra will fall even further. Let's see how it will be in practice.

[Senin]

It seems to me that Libra is already gradually losing its relevance, even if they have not yet seen our world. At that time, when the countries of the European Union had already announced that they would not allow the passage of Libra on their territory, Zuckerberg refused to provide this coin with the Japanese yen. This solution looks a little strange. Given that in the US, Libra is viewed with suspicion where this stable coin will go.
When most states issue their national stable coins, the need to use Libra will fall even further. Let's see how it will be in practice.

Yes, Libra has been talked about for too long and a lot, and the further it goes, the more it seems that it will have less and less chance of becoming not only a global currency, but in general will have a great demand.  If earlier we had no doubt that Libra would have a significant impact on the financial world, now nothing can be said.  If stable coins of the central banks of states appear soon, this will completely change the balance of forces among all stable coins.

[Bobcrypto]

It may be extremely difficult for Libra project to actually take off considering the enemous challenges the company is facing since the planned project was announced in 2019. I think we have heard enough of the Libra story; I sincerely advise that the team either think of finalizing it's lingering challenges and launch the coin, or they should kindly end all these news about Libra, to easy any form of current threat. Libra with  should decide now or end the proposed project. Thanks

[Fenix]

They have been talking about Libra for so long and so long, and they are all gone and gone, that I am beginning to suspect that Mark Zuckerberg himself doubts the prospects of his project. Therefore, I want to quickly see the progress of Libra and see its advertised triumphal procession in the world of finance.
It is unlikely that this project will already have tremendous success. This, most likely, will be one of the many stable coins, of which there are already a lot.

[masudginanjar]

They have been talking about Libra for so long and so long, and they are all gone and gone, that I am beginning to suspect that Mark Zuckerberg himself doubts the prospects of his project. Therefore, I want to quickly see the progress of Libra and see its advertised triumphal procession in the world of finance.

I also think that way because Mark Zuckerberg tends to hesitate for his project because with evidence until now LIBRA has not yet appeared and has not yet been launched for coins or exchanges.
If Mark Zuckerberg had doubts about the project, then with me I was even more doubtful or likely that this project might fail.

I don't wish to fail LIBRA but this project is very slow and has no progress. Correct me if i'm wrong !

[kent47400]

Please join the crytpocurrency racing hall because everything is so easy to join and hard to get out.
LIBRA is very enthusiastic about the progress of the development of the whitepaper but in fact LIBRA is currently in pain.

I think LIBRA is now "racing with a vacuum" because until this moment LIBRA coins have not yet arrived. LOL

[Muneeb22]

I hope so that soon the libra coin will be launched in the crypto market and we make great profit through this oin becasue i hope so that this coin is not going to be a stable coin and its price is going to be high so much.

[Rubel007]

Libra’s watering-down of its global stablecoin to a series of fiat-backed stablecoins has prompted some commentators to say the project has lost its soul. Meanwhile, Libra has been written off by crypto purists (who didn’t like it anyway) and there is at least one U.S. lawmaker calling Libra’s revamp insufficient.

[Salman Hasan]

Libra’s watering-down of its global stablecoin to a series of fiat-backed stablecoins has prompted some commentators to say the project has lost its soul. Meanwhile, Libra has been written off by crypto purists (who didn’t like it anyway) and there is at least one U.S. lawmaker calling Libra’s revamp insufficient.

[badjokes]

sounds like libra coin is very difficult to make the project grow because there are many rejects