Ex-PBoC Boss: Facebook’s Libra Will Work Better if it’s in IMF Custody

Ex-PBoC Boss: Facebook’s Libra Will Work Better if it’s in IMF Custody
ôîòî ïîêàçàíî ñ : bitcoinist.com

2019-11-8 14:10

A former head of China’s central bank has come out to say that Facebook’s Libra would be better served under the control of the International Monetary Fund (IMF). Facebook’s proposed digital payment platform continues to draw criticism from financial regulators around the world.

Libra Would Work Better Under IMF Custody Zhou Xiaochuan, former head of the People’s Bank of China (PBoC) says Libra has little chance of succeeding outside the control of mainstream financial institutions.

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Nick Szabo: Bitcoin Works Infinitely Better As A Medium of Exchange Than ‘Vaporware’ Libra

Bitcoin (BTC) is running into its eleventh year, while Facebook’s Libra is facing renewed difficulties, with some of the founding members of the Libra Association rescinding their positions. Libra Beleagured by Hawkish Regulators Libra set a goal to launch in early 2020, but regulatory disapproval and hawkish comments from central banks shook confidence in the project.

2019-10-12 15:00


Marcus Defends Libra Cryptocurrency in Latest Bid to Woo Central Banks

Facebook executive David Marcus defended the Libra cryptocurrency ahead of his meeting with the representatives of global bankers in Basel on Monday. The co-creator said Libra is not going to challenge or undermine the sovereignty enjoyed by nations, adding that the cryptocurrency merely wants to become a “better payment network” and deliver meaningful financial services.

2019-9-16 18:00


In the fight between Facebook and regulators, Congress could weaponize Libra to strengthen the U.S dollar

“All warfare is based on deception,” Sun Tzu, The Art of War.  In the midst of a ceremonious battle, it so often happens that two opposing forces find one common ally. An entity that for better or for worse, inextricably ties the two sides together, either giving them a cause to fight for or fight […] The post In the fight between Facebook and regulators, Congress could weaponize Libra to strengthen the U.S dollar appeared first on AMBCrypto.

2019-8-7 18:30


Financial security would make better, freer world says Coinbase CEO; as Zcash heads to secure its network

Post Facebook’s unveiling of its upcoming cryptocurrency project, Libra, a lot has been said and written on the privacy and security factors of these digital assets. In the light of privacy coins’ dominating the limelight this month, Coinbase Co-founder and CEO, Brian Armstrong, tweeted, “A scalable, sufficiently decentralized, chain that supported private transactions by default […] The post Financial security would make better, freer world says Coinbase CEO; as Zcash heads to secure its network appeared first on AMBCrypto.

2019-6-23 20:30


Facebook Unveils Wallet For Pseudo-Cryptocurrency ‘Libra’ – Site Crashes

Facebook has finally unveiled its cryptocurrency offering, revealing a custodial wallet and making suspicious claims about what gives it value. Facebook To ‘Make Money Better’ As Website Crashes Dubbed ‘Calibra,’ the wallet will serve Facebook’s coin, which will be known as ‘Libra’ in line with previous hints surfacing in the press in recent weeks.

2019-6-18 11:45


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China’s Central Bank Focuses on Development of Its Own Virtual Currency

Coinspeaker China’s Central Bank Focuses on Development of Its Own Virtual CurrencyChina’s Central Bank now wants to develop a virtual currency to compete with the recently unveiled Facebook’s Libra aiming to gain the lead in the development of the cryptocurrency and blockchain technologies.