National currencies and subject to supply and demand for their own capron is director of the Financial Technology research and Consulting Firm kaplan asia he says libor is expected to prove more popular than other digital currencies. Well i think what were looking at is a more likely adoption a platform with something might be quite a bit quaint news completely decentralized moves very difficult to use when you have one of the things that facebook is trying to implement with this is usability so in all likelihood at this launches it would be tied in to things like whats out its but messenger now the platforms like e bay as well as credit card so they use ability in the adopted option of. Crypto currency or as a matter of changing money to moving value you much higher than the coin well i think for governments and the reason that theyre so concerned about that is theres obvious laundering in k. Y. See concerns around that as as one of the officials mentioned before is going to want to w
All a question of sovereignty you have states People United states from germany italy or sovereign states who is sovereign currencies. Youre all and so on and just sticking to some very strong commitments some very strong borders we cannot accept to have the new currency having exactly the same kind of poor without the same kind of war without disinclined of commitments and without the same kind of obligations and there is also a concern about Money Laundering there is a concern about the funding of terrorism we have spain for many years before address things and being able to fix that issue of Money Laundering and of funding of tourism. On tuesday u. S. Senators questioned the facebook representative over the proposed currency david marcus told the Senate Banking committee the company would not control libra but one senator said facebook is delusional to think people would trust it with their money facebook is burned down the house over and over in every arson a learning experience lo
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