Libra, the Facebook-led digital currency, is in trouble according to Switzerland's president and finance minister Ueli Maurer.
Libra's current form is intended to be backed by a reserve of assets such as bank deposits and government debt, held by a network of custodians, so that it would avoid the price swings that make other cryptocurrencies so volatile. "I don't think , because central banks will not accept the basket of currencies underpinning it," Ueli Maurer, who is Switzerland's finance minister and outgoing president, told Swiss broadcaster SRF.Libra did not immediately respond to a request for comment.
Says the guy who’s country’s only product/service is being a tax haven and hiding peoples money.
Really
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These are the digital media predictions we got right in 2019 - Business InsiderAt the end of 2018, Business Insider Intelligence laid out five digital media predictions for 2019 — here's a look at ones that hit the mark.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider ranks the 11 best movies of 2019 - Business InsiderFrom 'The Irishman' to 'Knives Out,' here is a look back on the movies that we found to be the best of the year. The Irishman sucked. Full stop 🛑 No Endgame, yikes. Joker isn't in the list? Ok..
Source: BusinessInsider - 🏆 729. / 51 Read more »
3 main takeaways from covering the digital revolution in 2019 - Business InsiderThe digital revolution is rippling through corporate America — and it shows no signs of stopping. I've had a front-row seat to witness the change.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lessons on success from a Facebook exec, Harvard professor, and top VC - Business InsiderHere's what I discovered about success this year, including how to spot opportunities for innovation and how to prevent burnout at your company.
Source: BusinessInsider - 🏆 729. / 51 Read more »
President Eisenhower invented this trick to be more productive - Business InsiderThe 'Eisenhower Matrix' says you'll be most effective if you schedule your day according to what's important but not urgent.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UK regulators say Amazon-Deliveroo deal investigation enters phase 2 - Business Insider'Phase 2' of the investigation could disrupt the Seattle-based giant's efforts to compete with Uber Eats, Just Eat and Takeaway.com in food delivery.
Source: BusinessInsider - 🏆 729. / 51 Read more »