More bullshit from America. Lol what in the hell is the matter with that country? They never know what they want. Right now everyone is jumping on the crypto train and the cannabis train. Crypto is similar to cannabis in the way these bastards want to get their thieving hands on it first. Crypto and cannabis is bad and lets make stupid laws about it then they change the laws due to pressure from the people only to use the new changes to help them gain. Look at the interest governments are having in cannabis investments all of a sudden? The same with crypto. They want to milk crypto for all its worth. America is always doing stuff like this. They don't actually know what they want. I mean... They want to build a freaking wall...
Government needs to stay away from our precious crypto. I am so glad I do not fall under US laws.
Well here we go another downfall of centralized crypto.
https://www.bbc.com/news/technology-48688359The gist of it is that they want to fully look into and approve it before it launches. The issue is Congress is tech challenged, so let's just see how well this goes as it signals a bumpy start for the Libra project.
(Btw Libra? Really way to copycat your ex Winklevoss buds and their Gemini name)
That is going to happen in almost every country! Since FB is an US company so US lawmakers are getting their hands dirty first. Facebook will face a lot of regulatory challenges in majority of the countries, especially in Asia!
What Facebook is trying to achieve is to create and establish a global virtual currency with stable price which people can spend almost anywhere in the world. Facebook is trying to do it within the legal limits which bitcoin didn't care about! 2020 seems like a very stringent deadline for this!
It won't happen in every country you just said yourself it won't happen in Asia... -_-
Not every country in the world fall under "US law" or even recognise "US law" American law is not god.
"which people can spend almost anywhere in the world" really?
"Facebook is trying to do it within the legal limits which bitcoin didn't care about!" crypto doesn't care about the government or their laws that is the point of it. It's their laws, not our laws.