Despite the growing hostility on the part of the governments of the world against the Pound. The Libra Association, the group of companies united to carry out the project, continues to incorporate new members. Including, on this occasion, to Tagomi, a broker of cryptocurrencies with headquarters in New York.
The announcement mid last year on the future launch of the virtual currency of Facebook, Pound, turned on the alarms in the major governments of the world. Which they began to see their dominance on the money market threatened by a currency that promises to have the support of several major companies in the world. Therefore, the attitude of governments has been, in general, of outright hostility against the Pound. Denying in the majority of cases, and directly, the possibility of allowing the operation of the currency in their territory. When not developing parallel initiatives that may compete with the virtual currency of Facebook. This, has generated unrest in the Pound Association, the group that brings together companies and organizations involved in the development of Pound. And which, has suffered significant casualties in recent months, due to the departure of several companies. Those who have decided to abandon the project against the pressure of the governments of the world. Being the most famous cases of Mastercard and PayPal.
Pound continues despite everything
However, these setbacks do not seem to have made a dent in the determination of Facebook on to take forward the project. Announcing quickly new additions to the Libra Association, which would replace the companies that they decided to leave it. In which Tagomi would occupy a special place. Therefore, although the broker cryptocurrencies with headquarters in New York, will provide only $ 10 million to the reserve fund of a Pound. His main collaboration is for the development of Libra, is in its experience in the operation of the crypto market. And is that, Tagomi has one of the licenses that are more spacious for the realization of financial operations with cryptocurrencies in the State of New York. In addition to working hand-in-hand with several of the most important companies in the crypto world, including Galaxy Digital, Panther, and Electric Capital. All of which, would not only provide an important support to the Pound in their process of market launch as a virtual currency. But that could be a means to demonstrate to the us authorities the seriousness and transparency of the project. When you include a company that is already regulated by the american authorities, as it is Tagomi. The following two tabs change content below. Student of International Studies, interested in issues of economy and international politics. Passionate about the progress of the Fourth Industrial Revolution in general and the cryptocurrencies in particular.