raised "serious concerns regarding privacy, money laundering, consumer protection, financial stability", where the country's central bank last year banned financial firms from dealing with cryptocurrencies.
"In the U.S. alone, it can differ by city, by state and at the federal level," he said. "Given the breadth of Facebook's reach and the broad ambitions of the new Facebook coin, it's hard to predict which area will be most challenging for them." Even companies that want to see Facebook succeed with Libra have reservations about whether it will happen.
Moore of Rocket Lawyer said regulators should not try to stop an innovative technology like Libra, but "legitimate policy questions, such as the impact on monetary policy over the long term should be considered by Congress and other agencies."
...only because the CFTC told them to wait
It was a bs from the start. Another Zuck’s fraud to pump the stock.
Is the Libra an attack on the USD by China via Facebook?
We’ve entered the Fat Finger Pointing Phase.. Facebook has gotten into trouble with Privacy and LibraCoin has unfairly Adopted the “Baked in Curse” This Everything’s Evil Saga needs a Referee that’s Not Biased.. Jading potential progress for CryptoCurrency as a Whole.
They won't do it. Zook is not a manager. He is a guy who got luckier than anyone ever did before.
India already banned it . Huh
Bitcoin did it in 2009 without having to ask anyone for permission to launch. 🚀
It should be call the 'Pyramid' currency and its introduction should be called the 'Pyramid Scheme'