Libra, the stablecoin out of the box on Facebook, get a cover of five fiat currencies, such as the message to the German business magazine Der Spiegel. At the cryptomunt is among the European politicians and policy makers, with a lot of resistance.
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Libra stablecoin
The cover of the Libra Reserve, would consist of a basket of five fiat currency. The coverage is broken down as follows:
The us dollar has a 50%
Million: 18%
Japanese yen: up 14%
British pound: 11%
Singapore dollars: 7%
Curiously, the Chinese currency, the yuan lacks currency.
Fabio de Masi, the finance spokesman of the left-hand partijfractie of the German federal parliament [Bundestag], and wanted to know how the coverage is handled.
Resistance
Under the high-level European politicians and decision-makers, it is a lot of resistance to the introduction of the cryptomunt, where the Facebook founder is.
So, like in France and Germany, the Balance as a payment method ban in the European Union. For example, in Germany, has recently been incorporated in the law is that, in addition to the euro, ” the place to be for a different currency.
According to the French Finance minister, Bruno Le Maire, threatened the Balance of the ” monetary sovereignty of the European member states.
German minister sees in the Balance, an enemy of the euro and the European Central Bank seems not to be a fan. And it is also the home of Facebook, the united states, if the project is not equal to approval.
Facebook is determined to make the cryptomunt next year we are going to launch in the countries in which the currency is not going to forbid it.
The launch is scheduled for the end of the 2020s, for instance, Bertrand, Perez, managing director and COO of the Balance of the Association this week.
The Association is based in Switzerland and has an office in the United States of america. The European lobby has a Facebook some of the Uk’s great word of mouth, which is the British or the Dutch ex-prime minister, Nick Clegg.
Perez shows Balance, however, to expand with offices in other European and Asian countries. In June, Facebook’s megalomaniac project.
Read Everything about cryptomunt out of the box on Facebook: Libra
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