The regulatory RESPONSE: The policy makes Libra life difficult

Von

Juni 24, 2019

of Course, turns in the current regulatory ECHO all around Facebook’s Project Libra. In this case, the tension between the real and apparent decentralization reveals himself once again very clearly. Because, unlike Bitcoin Libra could simply prohibit.

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24. June 2019BTC$a total of 10,945,00 1.76%part Facebook Twitter LinkedIn xing mail

in Libra, the focus of the regulatory echoes.

Federal Reserve Bank (FED) takes the Libra to the chest

crypto were removed currencies „is still far away, to replace Central Bank money“. Thus, US Central Bank chief Jerome Powell spoke to the media representatives.

Powell: Facebook discussed the new cryptocurrency, Libra, with the Fed

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The Central banks would be able to fulfil their task of monetary policy design in the future, so Powell.

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In terms of Facebook’s Project Libra said the Central Bank chief as follows:

Facebook has discussed his plans with the authorities around the world. To do this, we are also, of course, [ … ]. [Libra] certainly has great potential – with the project are associated with a wide range of applications but also risks.

France’s economy Minister: Libra may no currency will

be Less passive-France’s economy Minister Bruno Le Maire said. The politicians don’t gave Facebook a clear rejection:

That Facebook creates its own currency, a transaction instrument, and why. In contrast, however, it is beyond question that [Libra] is a sovereign currency. That can’t happen.

the payment system Yes, currency no. The reaction of the diplomats, is a member of Macrons La Républic en Marche, illustrates the growing awareness of serious private-sector Alternatives to government money monopoly.

Since the conclusion of major corporations such as MasterCard, Ebay, Facebook and Uber, the Calibra-consortium to come together, should authorities have in the regulation of Libra is a lighter game, as in the case of decentralised projects. For Bitcoin, for example, is not a legal entity, but more as an idea to be grasped.

in this respect, BTC is much more difficult to regulate or even prohibit. In countries such as Iran, however, Libra is not likely to be due to the US economic sanctions available.

the Russian state Duma wants to Libra prohibit

The regulatory hurdles for Libra are manifest, however, once again, on the basis of two draft laws, which will adopt the Russian Parliament within the next two weeks. It is a ICO-law and a digital securities. If the Parliament will vote on this after the second reading, is the way for digital securities on crypto-base.

Libra, however, it is not wool in Russia. Anatoly Aksakov, in his capacity of Chairman of the Parliament Committee for financial markets, said in a radio interview.

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