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Facebook’s Libra Has “Failed” As Central Banks Won’t Accept It – Switzerland Finance

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#1
[color=rgba(0, 0, 0, 0.8)]Facebook’s digital currency Libra has been a big miss so far and requires a revamp in order to be supported, said the finance minister of Switzerland and outgoing president. Where regulatory consent is concerned, Ueli Maurer, the president of Switzerland said,[/color]

[color=rgba(0, 0, 0, 0.8)]“I DON’T THINK (LIBRA HAS A CHANCE IN ITS CURRENT FORM), BECAUSE CENTRAL BANKS WILL NOT ACCEPT THE BASKET OF CURRENCIES UNDERPINNING IT,”[/color]

[color=rgba(0, 0, 0, 0.8)]“THE PROJECT, IN THIS FORM, HAS THUS FAILED.”[/color]


[color=rgba(0, 0, 0, 0.8)]Government debt and bank deposits held by the custodians are some of the assets backing Libra, which is meant to dodge the high volatility persistent in cryptocurrencies.[/color]

[color=rgba(0, 0, 0, 0.8)]The Libra Association has shared their concerns regarding Libra with politicians and regulators that range from confidentiality to its possible ability to impact current fiat policy.[/color]

[color=rgba(0, 0, 0, 0.8)]The cryptocurrency Libra scheduled to be launched in June next year may get delayed according to co-creator David Marcus and other officials running the project.[/color]

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#2
(12-30-2019 09:23 AM)Baff1 Wrote: [color=rgba(0, 0, 0, 0.8)]Facebook’s digital currency Libra has been a big miss so far and requires a revamp in order to be supported, said the finance minister of Switzerland and outgoing president. Where regulatory consent is concerned, Ueli Maurer, the president of Switzerland said,[/color]

[color=rgba(0, 0, 0, 0.8)]“I DON’T THINK (LIBRA HAS A CHANCE IN ITS CURRENT FORM), BECAUSE CENTRAL BANKS WILL NOT ACCEPT THE BASKET OF CURRENCIES UNDERPINNING IT,”[/color]

[color=rgba(0, 0, 0, 0.8)]“THE PROJECT, IN THIS FORM, HAS THUS FAILED.”[/color]


[color=rgba(0, 0, 0, 0.8)]Government debt and bank deposits held by the custodians are some of the assets backing Libra, which is meant to dodge the high volatility persistent in cryptocurrencies.[/color]

[color=rgba(0, 0, 0, 0.8)]The Libra Association has shared their concerns regarding Libra with politicians and regulators that range from confidentiality to its possible ability to impact current fiat policy.[/color]

[color=rgba(0, 0, 0, 0.8)]The cryptocurrency Libra scheduled to be launched in June next year may get delayed according to co-creator David Marcus and other officials running the project.[/color]

..Facebook’s Libra Has “Failed” As Central Banks Won’t Accept It – Switzerland Finance
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