Re:Facebook urged to pause Libra crypto-currency project
by wickoff on Wednesday June 19, 2019 @07:59AM
(#20222495)
I'd say that the difference is in market penetration and scale.
Individual governments actually feel threatened by a global currency that is available on platforms most of their citizens already use and is backed by a basket of geographically distributed low volatility assets.
If US is worried, then governments with smaller and more volatile currencies may be having a panic attack.
Individual governments actually feel threatened by a global currency that is available on platforms most of their citizens already use and is backed by a basket of geographically distributed low volatility assets.
If US is worried, then governments with smaller and more volatile currencies may be having a panic attack.