Quote from: TWW on Today at 02:36:34 PM

Quote from: semobo on Today at 01:56:41 PM

Quote from: DIA7 on February 12, 2021, 11:59:23 PM

Amazon is now the latest company to be jumping to the cryptocurrency world by creating their own currency so it can be used as payment system in their marketplace.
It's yet to be concluded if amazon is already developing their new currency or they are just in a study face as things is still in secret.

Source https://www.techradar.com/uk/news/amazon-set-to-launch-its-own-bitcoin-rival

If they are planning to launch full-fledged centralized crypto all over the world then surely they will be facing legal issues like what happened with Libra project from facebook because governments never want those corporates to make money for themselves since they are giving huge revenue to the economy with fiat transactions.

it would be difficult if the government had that kind of thinking. what they think should be the advancement of technology and how the country's revenue can increase with the crypto from large companies. good regulation that benefits both parties should be a solution, not a prohibition.

Now governments are printing money so they can print any amount as they wish but these companies replace the fiat system by the government then companies will have the power to print money and governments are going to obey what companies orders to them?