Topic: is this because of libra ? (Read 555 times)
I don't think it's because of libra because until now libra hasn't been released and we also don't understand the impact of this libra coin. I think this statement arises because of the many altcoin projects that are scams and also the presence of stable coins such as USDT, trueUSD and MNX. I think they want to protect investors to stay safe in investing in cryptocurrency.
This is just a stablecoin problem, Libra is also included stablecoin but not as a trigger. Because Libra itself has not been released to the public despite the existence of regulatory issues.
If the Swiss Federal Council observations that stablecoin and blockchain get a positive value, I am absolutely sure that Europe will apply it gradually. Because stablecoin can be very suitable for practical currency usage. And moreover, the blockchain can be implemented to form the existing human needs system.
If the Swiss Federal Council observations that stablecoin and blockchain get a positive value, I am absolutely sure that Europe will apply it gradually. Because stablecoin can be very suitable for practical currency usage. And moreover, the blockchain can be implemented to form the existing human needs system.
Libra really gives a big influence on the condition of the crypto world. However, to influence this kind of condition as you said, I don't think that it is really because of Libra at all. It may be, but of course, they have their own reasons why they need to monitor the blockchain and also a stable coin.
In this case, every country has their determination to face the blockchain and crypto development. We can only follow the flow.
In this case, every country has their determination to face the blockchain and crypto development. We can only follow the flow.
This can be true. Much unhealthy news is speculating related to libra. That why I believe libra is not a good option for investment.
As Facebook itself said, that libra was created not as an investment asset but as a means of payment that could replace fiat money like the dollar, so that this would not allow a significant rise in prices on Libra coins, so that it would not benefit the holders of coin libra because they are undeveloped (stabil), are different from cryptocurrency which is indeed fluactive to market movements, so that the makes crypto an investment choice, and we know that a good investment must provide an advantage for its investors It must be due to libra. They see it a threat when its release and they know how tether were being used to manipulate. Facebook is no different to a government powerful enough to manipulate politics not just the media and all the more if they have the currency to play with. Would be seeing European countries not going to be friendly to crypto in the coming days?
This can be true. Much unhealthy news is speculating related to libra. That why I believe libra is not a good option for investment.
I do not think Libra is actually even affecting the way that people are accepting cryptocurrency and I don't even think that government ever see Libra project as cryptocurrency because it looks to me like Libra has a hidden agenda that people do not know of yet and I think Facebook is just trying to create a product to be able to take some financial power form the government which I see as a way of dealing with government because of the several attack they have given to Facebook as regards its platform. I see no reason why Facebook coin actually should be release because the solution they claim they are even bringing has never been a problem to us, and since people don’t see what they claim as issue problem, there is no need for them to waste their precious time on Libra.
This can be true. Much unhealthy news is speculating related to libra. That why I believe libra is not a good option for investment.
Yea, u think Libra opened the eyes of many people and Governments that were ignorant of the existence of Blockchain technology or those who just choose to ignore it and hope it goes away, I just hope these new coins and innovations and regulations by Governments worldwide would trigger an altszn.
Probably not in particular.
However, Libra has had a long record of being prosecuted by governments and regulatory agencies worldwide. It's not really surprising that new legislation is still popping up that is essentially targeting the existence of Libra.
I don't really see how a centralised project like Libra can survive without government endorsement. Especially when they see it as a threat to current frameworks.
However, Libra has had a long record of being prosecuted by governments and regulatory agencies worldwide. It's not really surprising that new legislation is still popping up that is essentially targeting the existence of Libra.
I don't really see how a centralised project like Libra can survive without government endorsement. Especially when they see it as a threat to current frameworks.
Without the support of the government, Libra coin is still constrained by regulations in several countries. If you get approval from financial and government authorities, I think the potential of Libra coin is very large because it is supported by the large number of Facebook members worldwide.
The problem here is that they *aren't* getting any approvals from financial regulators.
If they did, then yes, there is no doubt that there is significant potential here for widespread adoption. However, right now they don't have the support of the decentralised crypto community nor the regulatory authorities, a double whammy.
Unless they can somehow fix that, they're not going to find success the same way Wechat or Alibaba did in the Chinese market.
The introduction of Libra definitely helped many governments worldwide to wake up to the fact that Cryptocurrencies exist and it's getting real and better with each passing day, the hype surrounding Libra has opened the door for the good ones f Cryptocurrencies in general and even though there are major obstacles that Libra faces, good things came out of it afterall like the incident in China.
Such a statement by the Swiss Federal Council is typical of all states and is unlikely to be related to the possible release of Libra coins or the existence of other stable coins. In any case, all states will coordinate their actions in the field of cryptocurrency use and at the same time, uniform rules for their legalization and circulation will be used in general. Such a statement is simply a confirmation of the general course towards international cooperation in the field of cryptocurrency application.
In my opinion so, of course, Libra is a threat to Fiat, because Libra is a stable coin like fiat.
Libra also has enthusiastic many crypto people because it is supported by Facebook one of the largest social media.
There must be such a positive and negative impact, just look at it later.
Libra also has enthusiastic many crypto people because it is supported by Facebook one of the largest social media.
There must be such a positive and negative impact, just look at it later.
Swiss Federal Council Continues to Monitor Stablecoins and Blockchain
The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:
“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”
https://cointelegraph.com/news/swiss-federal-council-continues-to-monitor-stablecoins-and-blockchain
is this because of libra ?
The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:
“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”
https://cointelegraph.com/news/swiss-federal-council-continues-to-monitor-stablecoins-and-blockchain
is this because of libra ?
Most probably yes. They are crypto friendly to the extent that Bitcoin is already there and cannot be moved out of its place because it has already rooted very deeply. They do not have much choice but to extend a friendly hand. However, to the stablecoin that is to be launched by libra they cannot just sit down and see what happens to their old fiat money. Libra is not like the rest of the stablecoins that seem to be operating without a threat. Libra is going to suck commercial transactions from their old system into its new system. They cannot accept that.
I think Libra platform just wants to try to get the trust of many investors so that such statements appear, hopefully investors can return to cryptocurrency again and can make the price conditions recover and libra can be used by many platforms.
I think its just a reminder, stablecoins are been around for years. Maybe due to the growing numbers of companies offering stablecoins made regulators keep an eye on them because it can also be use to attract and deceit investors. Its good for the ecosystem, we need a government approach lik this to protect us.
they are talking in a holistic point, not directly because of libra coin. Stable coins is a potential market convertion for a nations fiat, as the economy will still be controlled in order to prevent market malfunction. At this time, it isn't necessary for us to fear about this. Everyone thinks of innovation and I think the people at higher consitition is now doing their best to achieve fiats digitization which is remarkable the best for us in cryptospace.
Swiss Federal Council Continues to Monitor Stablecoins and Blockchain
The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:
“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”
https://cointelegraph.com/news/swiss-federal-council-continues-to-monitor-stablecoins-and-blockchain
is this because of libra ?
They should do this a long time ago not because Libra is coming to the picture, and they should have an announcement like this years back but it's not yet late, now people are connecting it to Libra coin, because of the impact that is going to create in the ecosystem, I think other regions will follow this lead. The Federal Council states that, while the mountainous Central European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:
“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”
https://cointelegraph.com/news/swiss-federal-council-continues-to-monitor-stablecoins-and-blockchain
is this because of libra ?
A lot of odds happening against Libra. Since it is coming at the time that Libra is about to be launched, then it might be against it. Although, this will also serve as blockage for other forms of stable coin that might want to launch in future.
Maybe because with the existence of Libra Coin can disrupt the dominance of the dollar in the world. Facebook has members spread all over the world while many transactions are currently dominated by online transactions, so the government will definitely try to block it.
Probably not in particular.
However, Libra has had a long record of being prosecuted by governments and regulatory agencies worldwide. It's not really surprising that new legislation is still popping up that is essentially targeting the existence of Libra.
I don't really see how a centralised project like Libra can survive without government endorsement. Especially when they see it as a threat to current frameworks.
However, Libra has had a long record of being prosecuted by governments and regulatory agencies worldwide. It's not really surprising that new legislation is still popping up that is essentially targeting the existence of Libra.
I don't really see how a centralised project like Libra can survive without government endorsement. Especially when they see it as a threat to current frameworks.
Without the support of the government, Libra coin is still constrained by regulations in several countries. If you get approval from financial and government authorities, I think the potential of Libra coin is very large because it is supported by the large number of Facebook members worldwide.
Probably not in particular.
However, Libra has had a long record of being prosecuted by governments and regulatory agencies worldwide. It's not really surprising that new legislation is still popping up that is essentially targeting the existence of Libra.
I don't really see how a centralised project like Libra can survive without government endorsement. Especially when they see it as a threat to current frameworks.
However, Libra has had a long record of being prosecuted by governments and regulatory agencies worldwide. It's not really surprising that new legislation is still popping up that is essentially targeting the existence of Libra.
I don't really see how a centralised project like Libra can survive without government endorsement. Especially when they see it as a threat to current frameworks.
A lot of odds happening against Libra. Since it is coming at the time that Libra is about to be launched, then it might be against it. Although, this will also serve as blockage for other forms of stable coin that might want to launch in future.
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