Former PBoC Governor: Libra Would Be Trusted If Run by IMF

[newshunter]

Former PBoC Governor: Libra Would Be Trusted If Run by IMF

Zhou Xiaochuan — the People’s Bank of China’s longest-serving governor — has proposed Libra would be more easily trusted if it were in the hands of the IMF

Source: Former PBoC Governor: Libra Would Be Trusted If Run by IMF

Would appreciate your opinion about this

[Bobcrypto]

In any ways, i think libra, if allow to proceed as planned by Facebook, may also be trusted despite some form of uncertainty or trust from various individuals, governments or organization. I also doubt the possibility of IMF handling libra without any element(s) of trust, and remember that libra is another form of stable coin in crypto, it has to be a decentralized coin/token and not centralized as may be handle by IMF.

[Alcor]

If Libra becomes managed by the IMF, then from Zuckerberg’s previous planning there will be practically nothing left. This will be a completely different coin. However, I agree that in general, people's confidence in cryptocurrency will increase much if it is under the control of a state or group of states, than just a large private corporation. Moreover, Facebook has a not very good reputation in terms of trust in it.

[Shahinaz]

why should the IMF?
without the IMF also all coins are trusted if they have a high enough value and purchasing power, like BTC
but it's okay if the IMF which holds LIBRA's control at least crypto will begin to be maintained by the government