Hey everyone.
Yesterday I've read
an article about European countries opinion on Facebook's Libra. There are a lot of negative statements about it. (Not without Trump's tweets, of course).
What's interesting - there were no official responce from Libra yet. But they still planning to launch it in 2020.
My question is - will launching Libra change the statement 'cryptocurrency is not money' in better way or it'll make worse?
Although Facebook makes a statement that Libra Coin is not money, if there is no fundamental change in the concept, I think it will still be rejected by Europe or other countries. This happens because Libra Coin has the potential to disrupt the dominance of the central bank in creating money