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

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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

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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.