Usamos cookies propias y de terceros para mejorar la navegación y mostrar publicidad personalizada según su navegación. Si continua navegando consideramos que acepta nuestra política de cookies.
Register your Blog
( What is this? )
I Home I More views Today I Crypto TV I Crypto currency I Crypto Charts I xxx I xxx I Register your Blog I
 

David Marcus Defends Libra Against World Leaders

-
Mons News
 
Add to Flipboard Magazine. Fuente: livebitcoinnews - View all news from this site
David Marcus Defends Libra Against World Leaders David Marcus Defends Libra Against World Leaders

David Marcus Defends Libra Against World Leaders






World leaders have shown a strong aversion towards Libra, the new cryptocurrency being developed by Facebook, and sadly, this aversion isn?t lessening anytime soon.
Come On: Libra Ain’t All Bad…
Many of these leaders, such as France?s finance minister Bruno Le Maire and Bank of England governor Mark Carney, have explained that Facebook is on the verge of becoming a ?sovereign nation? with the development of its new cryptocurrency. It is being suggested by these men ? and others like them ? that the development and distribution of money is what makes a country a reality, and thus, Facebook is about to become the world?s first ?digital country.?
While addressing the French Senate, Le Maire spoke about Libra and commented:
My determination to make sure that Facebook?s? Libra project does not become a sovereign currency that could compete with the currency of states is? absolute, because I will never accept that corporations could become private states.
Carney has also warned against Libra, saying that it?s likely to face several regulatory ?hurdles? once it makes an official debut in 2020. He explains:
It?s either successful or it isn?t. If it?s successful, it becomes systemic because it would involve a very large number of users. If you?re a systemic payment system? you must be on all the time. You can?t have teething issues, and you can?t have people losing money out of their wallets.
He further stated that Facebook is not positioned to ?learn as it goes along.? He says that the company will need to know exactly what it?s doing before the currency is released, and that it must be subjected to the ?strictest regulations? possible. Even in the U.S., Libra is stirring quite a bit of controversy amongst U.S. lawmakers, with Federal Reserve chair Jerome H. Powell commenting:
Libra raises serious concerns regarding privacy, money laundering, consumer protection and financial stability.
Ever-defending Libra is David Marcus, the head of Facebook?s blockchain division and main developer of the cryptocurrency. He recently issued a statement mentioning to lawmakers that the company is working to make sure Libra is produced ethically and that the coin?s properties will ultimately make it invulnerable to issues like money laundering, terrorist funding, and other illicit activity.
Trying to Understand Libra’s Motives
He states:
We?re talking about something new, at scale in a very regulated industry, and if this is not done right, it could definitely present systemic risks no one wants? This is exactly why we believe in and are committed to a collaborative process with regulators, central banks, and lawmakers to ensure that Libra helps with the kinds of issues that the existing financial system has been fighting, notably around money laundering, terrorism financing and more.
At press time, the G-7 is preparing a ?task force? designed to better understand Libra along with other cryptocurrencies presently in development.
The post David Marcus ...
article seen
0
times, this week
David Marcus Defends Libra Against World Leaders David Marcus Defends Libra Against World Leaders
facebook:
twitter: https://twitter.com/thermomix_club

Fuente de la noticia: livebitcoinnews
Fecha de publicación: 11-07-2019 21:17
visto: 0

Si te gusto esta noticia puede que te interesen estas..

------------------------------------------------------------------------------------------------------------
Recommended Video section of our Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos - Watch More Videos in Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos

Go TO TV Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos

Si te gusto esta noticia puede que te interesen estas..


Japan Seeks to Replace SWIFT with Global Crypto Platform



Japan is planning a new global cryptocurrency system designed to replace SWIFT, the platform designed to send remittance payments anywhere in the worl ...
19-07-2019 21:17

Bithoven, A New Symphony to the Ears of Crypto Traders



Trading platforms in the rising cryptocurrency industry have now got a worthy contender in the form of Bithoven.com, which is an advanced multifunctio ...
19-07-2019 21:17

Nouriel Roubini Accuses Bit MEX of “Systematic Illegal



Nouriel Roubini, otherwise known as Dr. Doom for his pessimistic attitude towards bitcoin and crypto, is a professor of economics at the New York Univ ...
19-07-2019 21:17

Bitcoin Cash Analysis: BCH Facing Key Resistance, Can Bulls



Bitcoin cash price declined sharply and even broke the $300 support against the US Dollar. The price traded towards the $250 support level and it is ...
19-07-2019 21:17

Steve Mnuchin Regulation Comments May Help BTC’s Price



As Live Bitcoin News reported earlier, bitcoin is now trading for over $10,500 after falling to roughly $9,600 just two days ago. One of the items to ...
19-07-2019 21:17

Zygot Gets into Partnership with Matic Network for Secured a



Zygot has joined hands with Matic Network, which with its plasma sidechain technology, ensures secured invoice exchange, higher throughput, faster tra ...
18-07-2019 21:17

FunFair Technologies Delivers Real-Time Affiliate Payments A



CasinoFair and Crypto Casino now live with game-chang ing technology Dublin, 18th July, 2019 ? FunFair Technologies, the market-leading blockchain cas ...
18-07-2019 21:17

Litecoin (LTC) Price Analysis: Jumps 10% But Upsides Remain



Litecoin price declined heavily in the past few days below $100.00 and $90.00 against the US Dollar. LTC price even broke the $80.00 support level an ...
18-07-2019 21:17

The Underbelly of Iran’s Secret World of Bitcoin



Iran is turning more and more to bitcoin as the United States continues to impose economy-weakening sanctions on the nation?s operations. How Iran Is ...
18-07-2019 21:17

Bitcoin Surges Past $10,500 on 2nd Day of Libra Hearings



At press time, bitcoin has spiked to $10,600. While this may not seem like much at first glance, the currency hit a serious curb roughly two days ago ...
18-07-2019 21:17

EOS Price Analysis: Breakdown Looks Real But Short-Term Reco



EOS price fell significantly and broke the $5.500 and $4.400 support levels against the US Dollar. The price traded close to the $3.300 level and it ...
18-07-2019 21:17

Not All Congressmen Hate Bitcoin or Libra



Cryptocurrency has been taking a lot of flack as of late from persons in the political spectrum. President Donald Trump, for example, recently issued ...
18-07-2019 21:17

Tom Lee: Bitcoin Will Surge Over the Next 4 Months



At press time, bitcoin is below $10,000 and trading for just over $9,600. This is the second time this month the currency has hit such a low level. In ...
17-07-2019 21:17

Ledger X Customers Are Betting Big on Bitcoin’s Price



If you?re into cryptocurrency, there?s a chance you like to gamble. After all, every digital asset?s price is something of a gamble, and through the e ...
17-07-2019 21:17

Libra Is Either Mistaken or Lying About Swiss Involvement



Allegedly, Facebook is still in the habit of lying to people. At yesterday?s Senate hearing, while being grilled by members of Congress, Libra head an ...
17-07-2019 21:17

Bitcoin Price Analysis: BTC Primed For More Losses Below $9,



Bitcoin price declined heavily and broke the key $10,000 support level against the US Dollar. The price is currently under pressure and it recently t ...
17-07-2019 21:17

Make Way for Gateway: Bytecoin Blockchain Bridge Goes Live



Bytecoin has officially launched the Bytecoin Gateway Project, creating a bridge between the Bytecoin blockchain and that of Ethereum with a correspon ...
17-07-2019 21:17

Cardano (ADA) Price Analysis: Significant Downtrend Below $0



ADA price remained in a strong downtrend and broke the $0.0600 support area against the US Dollar. The price declined heavily and broke the $0.0550 a ...
17-07-2019 21:17

Ethereum Price Analysis: ETH Remains At Risk of Further Loss



Ethereum price declined heavily after it broke the key $264 support area against the US Dollar. ETH price even traded below the $240 support area and ...
16-07-2019 21:17

David Marcus Questioned Over Libra by Congress



Facebook is finally facing its reckoning as David Marcus, head of the company?s blockchain division and the leader of Libra, the venture?s new cryptoc ...
16-07-2019 21:17

Tron (TRX) Price Analysis: Breakdown Looks Like The Real Dea



Tron price declined heavily after it broke the key $0.0310 support level against the US Dollar. TRX price traded below many supports, including $0.03 ...
16-07-2019 21:17

Steven Mnuchin: Stricter Crypto Regulation Is Coming



On Monday, United States Treasury Secretary Steven Mnuchin held a press conference from the White House regarding what the country?s present administr ...
16-07-2019 21:17

Chainalysis Moves Through the Ranks with New Forbes Listing



Blockchain company Chainalysis ? which examines how people use cryptocurrency ? is the first blockchain company of its kind to make Forbes? billion-do ...
16-07-2019 21:17

Ripple Price Analysis: XRP Remains Vulnerable Below $0.3500



Ripple price declined heavily after it broke the key $0.3750 support area against the US dollar. The price even broke the $0.3500 support level and t ...
15-07-2019 21:17

Trump Crypto Tweets Make a Lot of People Angry



The anti-crypto tweets submitted by President Donald Trump on July 11 is still causing many people to see red. Several crypto investors and analysts w ...
15-07-2019 21:17

Three Men in India Held and Beaten Over Bitcoin



Cryptocurrency is often tied to ransom and cybertheft, but very rarely do cryptocurrencies warrant physical attacks on people. While they do happen, t ...
15-07-2019 21:17

Facebook’s Libra Succumbs to Regulators’ Request



It appears Facebook?s Libra is finally giving in to regulatory pressure. Following weeks of going back and forth with members of Congress and other wo ...
15-07-2019 21:17

Liechtenstein Financial Market Authority Approves State-of-t



Triesen, 15 July 2019: CROWDLITOKEN AG pioneers and starts distribution of a digital bond ? European retail investors benefit as well. For the first t ...
15-07-2019 21:17

Trump Is Making Bitcoin More Important Than Ever



Many people working within the cryptocurrency space seem to believe that while assets like bitcoin are falling at press time, Trump?s crypto comments ...
15-07-2019 21:17

Winning the Jackpot" It?s All a Numbers Game at CryptoS



Casino jackpots are of huge appeal to online players. Traditionally, they are progressive jackpots, which means that a small percentage of every bet m ...
15-07-2019 21:17

Bitcoin Finally Falls Following Trump Comments



Well, it appears the weights of President Donald Trump?s most recent comments are finally being felt by bitcoin. At press time, the currency is tradin ...
15-07-2019 21:17

Stellar Lumen (XLM) Price Turned Sell On Rallies Below $0.10



Stellar lumen price declined heavily after it broke the key $0.1000 support area against the US Dollar. XLM price even broke the $0.0900 support and ...
15-07-2019 21:17

Cryptocurrency ATMs May Lead to Drug Ring’s Fall in Sp



Several countries in Europe have sought to instill stricter legislation when it comes to cryptocurrency and digital assets, but now, a vast loophole h ...
14-07-2019 21:17

Preston Byrne: Trump Didn’t Write the Crypto Tweets



Donald Trump seems to be rubbing a lot of crypto fans the wrong way with his latest tweets regarding bitcoin, Libra and other digital assets. Does Tru ...
13-07-2019 21:17

Yikes! Trump Crypto Comments Lead to “Mad Gab”



Uh-oh. It looks like President Donald Trump has angered a few people following his recent statements regarding cryptocurrency. Trump Rubs Some People ...
13-07-2019 21:17

Bitcoin Remains Strong Despite Trump Comments



Yesterday, Live Bitcoin News published an article regarding how U.S. President Donald Trump felt about Libra, bitcoin and cryptocurrencies in general. ...
13-07-2019 21:17

More than $30 Million in Crypto Stolen from Bit Point



It?s happened again, folks. Another hacking is in the books, and this time, the victims are the customers of a cryptocurrency exchange called Bit Poin ...
12-07-2019 21:17

In the Face of Libra, Why Decentralization Matters More Than



Early in July, Facebook experienced technical issues, preventing users from viewing or uploading images across all its platforms, which includes Insta ...
12-07-2019 21:17

Canada Is Loosening Up Its Crypto Regulations



Despite the scandal involving Quadriga CX, it has become clear that Canada learned virtually nothing about cryptocurrency exchange regulations. Canada ...
12-07-2019 21:17

Donald Trump & Mark Cuban Weigh in on Libra



Donald Trump and entrepreneur Mark Cuban don?t appear to be big fans of cryptocurrency, Libra specifically. Trump and Cuban Say “No” to Libra Libr ...
12-07-2019 21:17

 

 
Crypto currency
Crypto Charts
 


 
 

Would you like your blog and posts leave here?


 
         

Categories


News most viewed Today

Steve Wozniak Co-Founds Blockchain-Based Energy Saving Firm in Malta

Steve Wozniak Co-Founds Blockchain-Based Ener...

Steve Wozniak has co-founded a blockchain project in Malta, which aims to be the ?main platform in the world for tokenized energy savings? -
Steve Wozniak Has Joined an Energy-Focused Blockchain Startup in Malta

Steve Wozniak Has Joined an Energy-Focused Bl...

The Apple co-founder has joined his second blockchain enterprise, one targeting more efficient use of energy. -
Ex-CEO of BTC-e Exchange?s Spin-Off WEX Is Arrested in Italy

Ex-CEO of BTC-e Exchange?s Spin-Off WEX Is Ar...

Former CEO of now-defunct crypto exchange WEX, a spin-off of controversial BTC-e exchange, was arrested in Italy -
Fired Microsoft Geek Allegedly Stole $10 Million With a Bitcoin Mixer

Fired Microsoft Geek Allegedly Stole $10 Mill...

Ex Microsoft employee Volodymyr Kvashuk was arrested this week amid allegations of digital currency theft to the tune of $10 million. U.S. attorneys for the Western District of Washington suspect the Ukrainian-born resident used a Bitcoin mixer to... -
Indian Government Breaks Silence on Crypto Regulation

Indian Government Breaks Silence on Crypto Re...

The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the... -
Binance Jersey Lists Exchange?s Own GBP-Backed Stablecoin

Binance Jersey Lists Exchange?s Own GBP-Backe...

Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, dubbed Binance GBP Stablecoin (BGBP) -
Call of Duty: Modern Warfare Uncut Footage Flaunts Newfound Maturity

Call of Duty: Modern Warfare Uncut Footage Fl...

Infinity Ward has released new footage for Call of Duty: Modern Warfare, slated to hit stores on Oct. 25, which hints at the most mature and sophisticated CoD entry to date. The raw footage follows on from last week’s tedious reveal stream... -
Breaking Down The Facebook Libra Hearings

Breaking Down The Facebook Libra Hearings

Facebook’s libra is under the scrutiny since pretty much everyone is freaking out that a company that?s run by a fun-sized Chucky doll is jumping in the cryptocurrency water. Watch the video to see the latest news on Facebook Libra hearings at... -
Israeli Citizen Accused of Stealing Over $1.7 Million in Crypto

Israeli Citizen Accused of Stealing Over $1.7...

A Tel Aviv resident stands accused by Israeli State Attorney?s Office of stealing cryptocurrencies through a number of malware websites -
Economist Bashes Libra, Mocks Facebook Crypto as ‘Fake Money’

Economist Bashes Libra, Mocks Facebook Crypto...

In a new article called “Facebook’s Fake Money,” economist Thorsten Polleit bashes Facebook’s foray into cryptocurrency through its Libra token. Facebook Libra Isn’t Sound Money Far from alone in his criticism of Facebook’s fintech... -

More Blogs


 
- English ------------------------------
Interior Design & Decoration    
decoclub.net facebook twitter
decorationandstyle.com facebook twitter
decobuzz.net facebook twitter
Food & Recipes
elclubderecetas.com facebook twitter
yoursecretrecipes.com facebook twitter
cryptomoneymagazine.com facebook twitter
thevegetarianrecipesclub facebook twitter
Motor
motorwebs.net facebook twitter
motorchannel.net facebook twitter
Luxury
Luxuryblogs.info facebook twitter
 
 


---------------------------------------
beauty & Cosmetics    
cosmetiks.net facebook twitter
thebeautytrends.net facebook twitter
thebeautytv.com facebook twitter
beautyandcosmetics.net facebook twitter
Healt&Fitness
healthfitnesstrends.net facebook twitter
Weddings
weddingsclub.org facebook twitter
Moms & Babies
themomsmeeting.com facebook twitter
buzznewbaby.com facebook twitter
Iphone & Android
hablandodemac.net twitter
 
 
-----------------------------------------
Fashion & Style    
fashionblogsclub.com facebook twitter
Travel
yoursecrettravel.com facebook twitter
secretsofjapan.net facebook twitter
Fragrance
thefragrance.info facebook twitter
Architecture
thearchitectureclub.com facebook twitter
thearchitectureinsight.com facebook twitter
 
 
 
 
 
 
--- Español ---------------------------------
Fashion & Blogs    
Blogueras.net facebook twitter
Recetas
elclubderecetas.com facebook twitter
cryptomoneymagazine.com facebook twitter
thevegetarianrecipesclub.com facebook  
Decoracion
decoclub.net facebook twitter
decobuzz.net facebook twitter
Bodas
hablandodebodas.com twitter
Belleza
cosmetiks.net facebook twitter
elperfume.info facebook twitter
 
 

 

--------------------------------------
Motor    
motorwebs.net facebook twitter
videosdemotor.net facebook twitter
Salud
hablandodesalud.net facebook twitter
info-salud.net facebook twitter
Viajes
hablandodeviajes.com facebook twitter
secretsofjapan.net facebook twitter
TV-cine
adictoalatv.com twitter
videosdecine.info
Corazon
famoseo.org twitter
----------------------------------
Libros    
librorama.net twitter
Madres    
elclubdelasmadres.com facebook twitter
Mac Android    
hablandodemac.net facebook twitter
Lujo    
Luxuryblogs.info facebook  
clubblogueras@gmail.com