Today is a great day for Libra, the digital currency that Facebook will launch. The representatives of the European Central Bank (ECB) and the 27 other central banks, is to speak today with a member for the Balance of the Association on the risks associated with the project. The Balance of the Association is the foundation of the behind-the-cryptomunt that Facebook is launching.
The central banks are afraid that the Balance of the global financial stability is at risk. This is evident from an article in the Financial Times of september 14, one behind betaalmuur).
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The first time (since June)
According to the Financial Times, this is the first time that the Balance agrees with the global decision-makers since the 18th of June this year. This time, it speaks to the Balance of the Association and the Bank of International Settlements (BIS). The BIS is made up of representatives of central banks from around the world. The representatives who with the Balance of the Association in a meeting at the BIS in the committee on Payments and market infrastructures’.
It is made up of 28 of the central bank. And there are other big names, such as the European Central Bank and the Federal Reserve Bank of New York. But the Bank is a part of this committee.
According to the Financial Times and need to Balance a number of questions to answer that is to refer to the findings of the report to the G7 in October from the minister of Finance.’
Central banks are concerned
European regulators are worried that the Balance has to be popular in the European Union. This past week stating that Bruno Le Maire, the French minister of finance, and is negative on Balance. “Let me be clear: under these conditions, the development of the Balance in europe will not accept it,’ said Le-Maire, in an interview with Arab News.
According to Le, the artist probes the Balance of the monetary sovereignty of the nations. Or, in less fancy words: it is not to be recommended as a Facebook’s own currency issues, and that may be the only authorities to do so.
Important days for Libra
Today is a big day for the Balance. I manage to Balance the concerns of the global standard-setting bodies? Then, it is more likely that the currency of Facebook next year, will be launched.
However, it seems as if the Balance of the Association’s meetings are not so important to you. In an interview with the French magazine Les Echos continues to Work Perez, on Balance, positive: “We will continue with our schedule to keep. Balance is to be launched in the second half, by the year 2020.’