Facebook currency libra
Mitglied seit Dec 18, 2018
47 Posts
Jul 09, 2019 at 20:37
Facebook's Libra cryptocurrency faces more backlash
The Indian government has joined the Libra pushback, a report says.
In April 2018, all entities regulated by the Reserve Bank of India were banned from dealing in cryptocurrencies and virtual coins, although individuals trading currencies like bitcoin remains legal.
India considering not allowing the currency to be traded at all, according to a Bloomberg report Monday.
The Indian government has joined the Libra pushback, a report says.
In April 2018, all entities regulated by the Reserve Bank of India were banned from dealing in cryptocurrencies and virtual coins, although individuals trading currencies like bitcoin remains legal.
India considering not allowing the currency to be traded at all, according to a Bloomberg report Monday.
Mitglied seit Dec 18, 2018
47 Posts
Jul 11, 2019 at 14:44
Fed Chair Jerome Powell said : Facebook’s cryptocurrency raises - I have ‘serious concerns’ with Facebook’s crypto plans
Jul 14, 2019 at 07:48
frankmartin1 posted:
Fed Chair Jerome Powell said : Facebook’s cryptocurrency raises - I have ‘serious concerns’ with Facebook’s crypto plans
Do you know? Libra is a stable coin? This is why, I don’t think it’ll be effective to the retail investors!
Mitglied seit Dec 18, 2018
47 Posts
Jul 20, 2019 at 20:31
Anyway, just trying to guess what could be! Thanks, everyone for a participant. 😐
Mitglied seit Aug 27, 2017
994 Posts
Jul 29, 2019 at 05:40
AmDiab posted:frankmartin1 posted:
@AniLorak did you mean stable coin wouldn't effect on investment markets?
Basically; retail investors aren’t interested about stable coin since the prices are stable here!
That means there is no chance for ICO & IEO, isn’t ?
Mitglied seit Sep 13, 2017
140 Posts
Oct 05, 2019 at 00:53
regulators want to shut it down, but if you actually look into the finer details, libra would be buying government debt (t-bills) from several nations for a somewhat stable value. The issue still remains that you are buying essentially IOU's and expecting it to work out in the end.
Be humble
Mitglied seit Dec 18, 2018
47 Posts
Oct 07, 2019 at 12:39
PayPal pulls out of Facebook's Libra cryptocurrency
PayPal has become the first company to drop out of Facebook’s Libra cryptocurrency, as the embattled project continues to face queries from regulators around the world.
PayPal has become the first company to drop out of Facebook’s Libra cryptocurrency, as the embattled project continues to face queries from regulators around the world.
Mitglied seit Nov 28, 2016
14 Posts
Oct 07, 2019 at 16:27
The only thing I see on these crypto's, is to vast amount of money laundering and large scale of fraud behind it.
Further than that, I don't see really an advantage of these things.
Further than that, I don't see really an advantage of these things.
Oct 09, 2019 at 16:22
BartenderFX posted:
The only thing I see on these crypto's, is to vast amount of money laundering and large scale of fraud behind it.
Further than that, I don't see really an advantage of these things.
Really? But I see; day by day the peoples are adding on. In addition, I liked the principle of BTC. My money means my money!
Feb 10, 2020 at 17:19
I am totally agree it will not work out. All this currencies simply do not work at all eithier anyway no matter how do you look at it. Can we change something like that or not? You need to create a lot more backed by real money system on that.
Apr 13, 2020 at 19:21
Very interesting what they are doing now in that certain manner for everything else out there, now it's COVID panic and people clearly use digital channels for information and about something like that unusual currency which many do not need at all.
Mitglied seit Jan 25, 2010
1360 Posts
Apr 13, 2020 at 19:40
The whole show is good info, but Libra starts from 54:00 (following the white paper https://libra.org/en-US/white-paper/ )
Mitglied seit Jan 25, 2010
1360 Posts
Apr 14, 2020 at 08:48
So how does Libra fit into The Plan of the Clans?
Listen from 55:00:
Listen from 55:00:
Mitglied seit Feb 13, 2020
23 Posts
Apr 17, 2020 at 12:15
It'll die. there is no reason for it to live.
Apr 25, 2020 at 13:47
I do not think that this new curency is going to benefit anyone. We already have enough problems on our hands. This new curency has got some very positve comments since it was made public and people are not interested. What do you do with curency that banks do not even support. Better to just let it be.
