The Federal Government seeks to prevent the use of a Pound of Facebook – Breaking News

The project of virtual currency, announced in June by Facebook, you should see the light in the first half of 2020, and will be backed by a basket of underlying assets comprised of bank deposits and sovereign debt of various countries. The initiative seeks to more than a billion people around the world who do not have access to banks can have business and financial services online. However, the Federal Government is seeking does not allow the use of a Pound of Facebook, at least in the important financial centre of Germany. There is a strategy blockchain, which the federal cabinet approved in September, where it will deny projects as a Pound. The parliamentary CDU Thomas Heilmann, who is responsible for the policy of blockchain of the parliamentary group of CDU / CSU says that focus basically on the “do not allow Stablecoins private market-relevant”. However, The Federal Government is not the only one that shows a negative in the plans of a pound of Facebook as the regulators in several countries have expressed their concern about how it would be regulated the currency, particularly with regard to the control of money laundering and the financing of terrorism. In July, the U.S. Congress asked Facebook to stop the development of the criptomoneda Pound alarmed by the “limited information” and “lack of regulatory protection” behind the digital currency. For its part, France recently said that it will block the development in Europe of the pound, because it threatens the “monetary sovereignty” of the States. “Any failure in the operation of this coin, in the management of its reserves, could create financial turmoil considerable,” said Le Maire, who is also concerned that the pound to replace the national currency in the States where the currency is fragile or has a high devaluation. However, Heilman, expected competitive advantages for the start-up phase of the strategy blockchain, and in this sense, the Federal Government can you imagine a criptomoneda stable within the State, thus providing a chain of blocks called “chain of federal” at the same time seeking to introduce to the enterprises within this digital wave. Libra is a project, without a doubt, very ambitious. Although it is only in its early stages, and there is still know the true ins and outs of its operation. The following two tabs change content below. Advocate, enthusiast of new technologies, believing that Blockchain and Bitcoin will bring development to the mankind.

Contents

Did you like the content? Share it

Cryptocurrency Market