The Never-Ending Problems of Facebook-Backed Cryptocurrency Libra - PowerPoint PPT Presentation

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The Never-Ending Problems of Facebook-Backed Cryptocurrency Libra

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With so many impediments cropping up even before its launch, Facebook-backed Cryptocurrency Libra has a steep road ahead. Whether or not it would be launched at all is still subject to speculation. Unlike many others, if you are a Libra-fan, keep an eye out on the latest crypto news to know what might eventually become of the coin. visit this link. – PowerPoint PPT presentation

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Title: The Never-Ending Problems of Facebook-Backed Cryptocurrency Libra


1
The Place Where Great Ideas Converge
https//blog.cryptoknowmics.com/
2
Facebook might have had no inkling of the
troubles that it would face when it first
announced plans to launch its altcoin. Facebook
is already mired in controversies related to
privacy issues and the way it uses the data
collected from millions of its users. To make
things worse, the Facebook-backed cryptocurrency
Libra has also started facing backlash from
multiple fronts.
3
Regulatory Scrutiny
  • The criticism that Facebook-backed cryptocurrency
    Libra has received from countries like France and
    Germany have made it to the top of altcoin news.
    Both countries have cited the risk that Libra
    poses to the financial sector, which has
    jeopardized Libras authority in Europe. The
    finance ministers of both countries had said last
    month that digital currencies posed a threat to
    not only consumers and financial stability but
    also the monetary sovereignty of European
    countries.

https//blog.cryptoknowmics.com/
4
Tim Cooks Opposition to Creation of Currencies
by Private Groups
  • In a recent interview, Tim Cook, the CEO of Apple
    Inc., expressed his disapproval on the idea of
    the creation of currencies by a private group. He
    said that states should continue to remain in
    charge of the money and not some private company.
    These comments from him hold a great significance
    in a time when the debate around privacy has
    gained massive momentum across the world.

https//blog.cryptoknowmics.com/
5
Troubles With Launch in India
  • The Economic Times reported in June 2019 that
    Libra wouldnt be launched in India. The current
    regulations in India have banned blockchain-based
    transactions. Also, there are plans to make
    dealing in virtual currencies punishable by a
    jail term of up to 10 years, along with hefty
    fines.

https//blog.cryptoknowmics.com/
6
Conclusion
  • With so many impediments cropping up even before
    its launch, Facebook-backed Cryptocurrency Libra
    has a steep road ahead. Whether or not it would
    be launched at all is still subject to
    speculation. Unlike many others, if you are a
    Libra-fan, keep an eye out on the latest crypto
    blog to know what might eventually become of the
    coin..

Source
https//blog.cryptoknowmics.com/introduction-to-bl
ockchain-and-cryptocurrency/
https//blog.cryptoknowmics.com/
7
Crypto news and articles
Exchange wallet listing
Market price analysis
Crypto discussion forum
ICO listing and rating
Crypto jobs marketplace
Features
Tokens and coin listing
Airdrop and event listing
DApp listing review
ICO Launchpad
Crypto gaming platform
Blockchain tutorials and courses
https//blog.cryptoknowmics.com/
8
For any further queries or clarifications please
contact at
- listing_at_cryptoknowmics.com - info_at_cryptoknowmics
.com
-https//blog.cryptoknowmics.com/
https//blog.cryptoknowmics.com/
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