Swiss president call Facebook’s Libra A Failure

[Paglamon]

Recently i know, Swiss President call Facebook’s libra A Failure.
The swiss president, Ueli Maure, together with the finance minister, stated today that libra has been unsuccessfull in its current form and need approved for some reworking.
What is your opinion?

[Zed0X]

Do they honestly want it to succeed? Of course it is a failure in their view as part of the government (bank) that libra is trying to challenge. I do not know what that "reworking" means but I would assume that they want to subdue libra by forcing them to comply with regulations.

[Paglamon]

yes, they want to succeed. But they are being interrupted in many ways. The bank doesn't want to take them. However they are trying a lot of reworking. I believe they will follow the rules if successful. Thanks for your valuable feedback.

[Fenix]

The President of Switzerland called Libra a failed project, and it is. This became clear when earlier the finance ministers of the countries of the European Union announced their intention to prevent the circulation of this coin in their countries. Without the European market, Libra would no longer be that global stable coin as planned. Now many states plan to issue their own national stable coin, and for many of them, Libra will already be inferior in popularity, even if this coin is issued.

[Klu]

Is anyone surprised  ?

[damsix]

For the Bank version, LIBRA will not be able to gain trust because it is certain that the Swiss state has many Conventional Banks that are trusted with a centralized system.
LIBRA is definitely a digital currency that is not centralized and this is definitely different from the Bank system of Switzerland and LIBRA only gets support from FaceBook.

[Fenix]

A rather long time has passed, but nothing has been heard about the Libra coin. So will she go out or not? Or did Mark Zuckerberg abandon his grandiose project? It’s time to decide. I do not think that the current situation with the spread of coronavirus has significantly affected plans for the release of this coin.

[sirty143]

Recently i know, Swiss President call Facebook’s libra A Failure.
The swiss president, Ueli Maure, together with the finance minister, stated today that libra has been unsuccessfull in its current form and need approved for some reworking.
What is your opinion?

Well, Switzerland's current president is a lady by the name of Simonetta Sommaruga. The country softens tone on the Facebook-led Libra project weeks after Ueli Maure, country’s former president and finance minister said the project has failed.

[Bobcrypto]

Recently i know, Swiss President call Facebook’s libra A Failure.
The swiss president, Ueli Maure, together with the finance minister, stated today that libra has been unsuccessfull in its current form and need approved for some reworking.
What is your opinion?

The reason Mr.  Ueli Maure could call Libra a failure was because there  we're so many hindrance by the USA government and other countries of the world against Libra launch. The planned launch of Libra was a treat to many fiat currencies,  and on the ground,  Libra was hindered from been launch as initially planned. Remember that Facebook has over 2billion users world wide,  a situation that might make many fiat currencies of know no value.

[gunhell16]

Recently i know, Swiss President call Facebook’s libra A Failure.
The swiss president, Ueli Maure, together with the finance minister, stated today that libra has been unsuccessfull in its current form and need approved for some reworking.
What is your opinion?

Libra in my idea became a failure because a lot of potential sponsors company didn't succeed to support them and some suddenly changed their mind to back up or support Libra. And we don't know the reason why? Just all I know there are a lot of people opposed to the Libra project.

[Michael.sol]

I also didn't think that this project is going too much successful , because libra delay their launching in market . Many Libra sponsor ( like Vodafone ) Also leave there project , now Libra is looking for invester who invest in their projects .

[masudginanjar]

I also think that way because LIBRA is less effective in being in a Swiss country where the country is well known and peaceful.
Switzerland does not need to have an object like LIBRA which is not clear in its development, we must study hard against crytpocurrency because if it's not like this then fraud will occur everywhere.

It's certain that the Swiss State is anti-fraud and LIBRA is currently on the verge of fraud!

[Muneeb22]

I also saw this news and so many other news about the libra coin that it will not be launched becasue this is not a good coin and so many companies will leave this project.

[gourav787]

I also heard News from a YouTube news channel , I also think after losing too much invester Facebook team didn't show any interest in libra project . I also consider libra as a failure project .

[Muneeb22]

Recently i know, Swiss President call Facebook’s libra A Failure.
The swiss president, Ueli Maure, together with the finance minister, stated today that libra has been unsuccessfull in its current form and need approved for some reworking.
What is your opinion?

Thats the reason that so many peoples will leave the Libra coin project. So many big companies will contribute at first but after sometime so many peoples will leave this project and the value is so much down after that.