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A comment on Paypal Withdraws from Facebook's Libra Cryptocurrency. Parent comment

Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by jameslevy on Friday October 04, 2019 @07:28PM (#21162762)
My understanding is that they are limiting the relationship between Facebook as a corporate entity and Libra, at least on paper. Whether regulators treat it this way is another matter.

But FB must be spending a lot on lobbying, and that should help them avoid any major surprises regarding enforcement actions.

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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by markdown on Friday October 04, 2019 @07:42PM (#21162846)
> But FB must be spending a lot on lobbying

That only helps them in countries like the US where bribery is legal.

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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by freeopinion on Friday October 04, 2019 @07:48PM (#21162866)
Why wouldn't it help in countries where bribery is illegal?
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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by kbenson on Friday October 04, 2019 @08:23PM (#21163017)
The insinuation is that lobbying is bribery (and on the more egregious end of the spectrum, it is). In countries where lobbying isn't legal, it would at least help much less.
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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by egman_ekki on Saturday October 05, 2019 @03:54AM (#21164303)
I think the idea is that if lobbying is legal, then it is regulated and thus how much it can help is limited. In countries where lobbying is illegal, it can take a form of bribery and then you can (potentially) achieve a bit more in this 'unregulated-bribe-anyone' space...
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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by markdown on Saturday October 05, 2019 @03:59AM (#21164316)
That's an odd argument. If the goal is not to have your politicians be bought and paid for, then surely making it legal to buy them is arse backwards.
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Re:Paypal Withdraws from Facebook's Libra Cryptocurrency by goatinaboat on Saturday October 05, 2019 @04:19AM (#21164372)
they are limiting the relationship between Facebook as a corporate entity and Libra, at least on paper.

On paper, by insistence of the regulators, as a condition of acquiring it, there is a limit on their relationships with Instagram too...

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