Quote from: monineklutak on December 07, 2019, 12:21:04 PM

Quote from: stiffbud on December 07, 2019, 04:52:56 AM

Quote from: loafof on November 11, 2019, 04:58:01 AM

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

This is the biggest concern of the United States of America as Facebook is the biggest social media company in the world and if it has its own currency then maybe it will get a monopoly in the digital payments system and this is the main fear that the feds are having, thus they want the Facebook Libra project dead.

And with the Facebook's anti trust lawsuit going on this will surely be a problem for them to launch Libra.

the United States government is currently not open to crypto currencies, let alone Facebook is in the united states,
of course this makes it difficult for them to launch LIBRA, and many partners have also left this project, hopefully LIBRA is fine

The problem here is not that governments ban cryptocurrencies, it is important that the government does not want to let Libra be a much active in the crypto market. it will have a lot of negative impact on the US economy even if the Facebook company makes a lot of profits from serving more than billions of its customers. What they are concerned about is how Libra works and how to prove that these systems can provide the most accurate information for the government. The US government is always wary of such businesses, because when they cannot control one business, other financial businesses will also look to the crypto market and money laundering!