Opinion: Facebook's Libra cryptocurrency is doomed to fail.

[Paha87]

According to Reuters, Swiss President Uli Maurer called the project of global stablecoin Libra from the social network Facebook a failure.

He believes that the problem lies in the very plan of providing from a basket of national currencies, which financial regulators will never agree to. Until the Libra technical documentation is changed, it will not be approved by Central banks.

Recall that the founders of Libra considered Switzerland as an alternative to the US to launch, but European regulators are also not going to give the green light to Mark Zuckerberg's cryptocurrency.

The original article here -https://coinpost.ru/p/mnenie-kriptovalyuta-libra-ot-facebook-obrechena-na-proval

[Noverteno]

The fact that the Libra project will be a failure has been known for a long time. After the finance ministers of the countries of the European Union announced that they would not allow circulation of this coin on their territory, it was already possible to put an end to this coin. Yes, and the government, as well as lawmakers with US regulatory authorities, also immediately sharply opposed the appearance of this coin.
Now that many states have announced their intention to issue their own national stable coin, the Zuckerberg project has lost all relevance. People will trust the stable coins of their government more than the Libra of Zuckerberg coin.

[Alcor]

The problem of the Libra coin was not only that it should be provided with a large number of national currencies, but also that it was going to be issued by a private corporation, moreover, having its own one of the largest social networks. This not only poses a threat to the anonymity of Facebook users, but also poses a significant threat to the states whose currencies were to be used. Zuckerberg swung at global financial dominance and had to lose.