Topic: China can easily launch a coin while Facebook is having a hard time - page 5. (Read 643 times)
October 29, 2019, 06:56:55 PM
That's right and this is very different, where facebook stopped because of regulations that do not allow to launch libra. We cannot compare it to China, where their own power holders or Presidents have expressed interest in the blockchain and maybe the crypto industry, so there is no longer an obstacle and they are ready to create, develop cryptos as they wish, whenever they want.
October 29, 2019, 06:56:38 PM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
Yeah, obviously it has the backing of it's President that's why China coin could be easily created without any backlash for now. But I guess the question is, what are the real plans of China here, will it be domestically used or will they have a plans similar to Facebook in the future? Are they going to challenge $$$ for being the most dominant currency in the world market?
October 29, 2019, 06:52:46 PM
China doesnt have any regulation issues because the state made it meanwhile for Libra its runned by a private entity there would be issues in tracking their financial transactions and can make free money out of thin air that is why it will be a problem for the government.
October 29, 2019, 06:51:52 PM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
China has bigger scope in terms of power and influence in the market than Facebook. The country has that kind of reputation as a sleeping dragon that is slowly awakes. Facebook had looked like just a regular ICO for me because I didn't feel that their project will be relevant to the market. If Facebook is mainly a online shopping platform, maybe their project might get more interest.
October 29, 2019, 06:51:33 PM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
Actually the different of that two coins is the government support its obvious china coin is supported by the government under central bank of china so nothing possible that coin fast to become expensive.
Libra coun is also a potential coin become expensive we all know that because the devs of that project is thhe most popular social media worldwide, but the proble is US need support form the US givernment to apprive this project to lunch the project.
October 29, 2019, 06:42:27 PM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
Yeah your right, China is free to do what they want unlike Libra that they need the approval of US first before they can launch which is the disadvantage of Libra.
There is a big possibility that Libra can't be launch compared to China currency that they can launch it anytime especially that it is being backed by Xi Jinping and China's Central bank. I would like to see how it will proceeds in the future whether this two will become rival or Libra will dead before it can launch.
October 29, 2019, 06:27:57 PM
But when it comes to a third party, it requires a lot of licenses and compliances to be followed. So these two types of coins can't really be compared with each other!
Exactly, but I don't think a lot of people start threads after doing a lot of thinking about these things. Seems pretty obvious to me. Gov'ts, all of them, are in charge of their countries' monetary system, not private corporations. Facebook trying to create a crypto (and a stable coin at that) is something very new, something that gov'ts haven't encountered before, which is why Libra is getting so much scrutiny.China probably wants to discourage its citizens from using bitcoin, because it poses a threat to its communist system. That's the only reason I can think of as to why they would want to create their own coin. Regardless, any crypto created by a gov't is going to be a piece of centralized crap. Mark my words.
October 29, 2019, 06:22:19 PM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
On that point where China's currency is certainly constrained by their central bank, I think it was possible to launch their own coin sooner. Unlike with libra's ongoing debate for their own crypto, which was not having positive outlook from their own government.
Good thing about China, President's will was to support cryptocurrency as his words stated the desire on implementing blockchain to their government financial economy.
October 29, 2019, 06:20:50 PM
It's the government of China so there will be no problem if they will ever launch their own coin. But, I don't see that coin to be a good preference for the Chinese people, for some reasons they will be forced to use and support it.
And the other thought that I have on my mind is impossible to happen that facebook can relocate somewhere and continue this project. China's decision about crypto and blockchain is changing and hard to read.
And the other thought that I have on my mind is impossible to happen that facebook can relocate somewhere and continue this project. China's decision about crypto and blockchain is changing and hard to read.
October 29, 2019, 06:14:14 PM
Not an apple to apple to compare facebook's cases to China. Even I've never heard China is going to launch their own coin anyway all that is spoken by Xi Jinping is just accelerating the use of blockchain doesn't necessarily saying that China will release their own crypto coin.
What become facebook's problem is that it is a private company trying to issue a currency by their own and could possibly challenge the dominance of USD in the US and worlds. ofcourse the government wil try all they can to stop such a thing from happening they want an absolute control over literally everything.
What become facebook's problem is that it is a private company trying to issue a currency by their own and could possibly challenge the dominance of USD in the US and worlds. ofcourse the government wil try all they can to stop such a thing from happening they want an absolute control over literally everything.
October 29, 2019, 06:05:28 PM
The PBOC has been researching this since 2014 even though they opposed the cryptocurrency before. I see China preparing itself to be more complete, especially when Japan is very confident with MUFG's launch.
With DCEP, China will develop wider potential and plan Alipay etc. to use this currency compulsorily, they want to focus nationally. So if this is related to libra, then xinping has the right momentum for global publications, because they prepare this for a long time and don't even connect with libra at all.
With DCEP, China will develop wider potential and plan Alipay etc. to use this currency compulsorily, they want to focus nationally. So if this is related to libra, then xinping has the right momentum for global publications, because they prepare this for a long time and don't even connect with libra at all.
October 29, 2019, 04:06:02 PM
If a government wants to make their own digital money, who is going to stop them? It's their own choice whether to pursue this matter or not!
But when it comes to a third party, it requires a lot of licenses and compliances to be followed. So these two types of coins can't really be compared with each other! China's digital money is mainly being created for their own people while Facebook is trying to create a global ecosystem!
There are 195 countries in the world. Each of them are different and has different economy structure and challenges. You can understand the kind of pain is faced by the legal council of Facebook!
But when it comes to a third party, it requires a lot of licenses and compliances to be followed. So these two types of coins can't really be compared with each other! China's digital money is mainly being created for their own people while Facebook is trying to create a global ecosystem!
There are 195 countries in the world. Each of them are different and has different economy structure and challenges. You can understand the kind of pain is faced by the legal council of Facebook!
October 29, 2019, 12:20:09 PM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
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