US Central Bank Has Serious Concerns About Facebook's Cryptocurrency Libra

https://www.cnet.com/news/us-central-bank-has-serious-concerns-about-facebooks-cryptocurrency-libra-report-says/

ummm.. yeah? This project sets off every alarm bell there is, especially for those of use who have been crypto enthusiasts from the beginning. There are lots of people saying Libra is great for adoption etc but it is not good for adoption of real crypto. Like some other people have said on this forum, Libra is just diverting traffic off of the crypto highway and circling it back around to banks.

"While the project's sponsors hold out the possibility of public benefits, including improved financial access for consumers, Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,"

Comments

    Hans2000Hans2000 Reputation: 0
    Status: Bounty Hunter
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    @MX10178 Libra is just a payment system like Paypal with really none of the benefits that real users of crypto are looking for. no way do i want fb to know what i buy and who I pay they already know enough as it is

    b0f07dd77f849aa56124f4eaaf0b9c01

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