Facebook Libra launching during the second half of 2020

Crypto Credit Lines Sponsored   Bitcoin Crypto 2 mins France Blocking Facebook Libra in EU Shows True Power of Bitcoin Tony Spilotro 2 hours ago

While speaking at a conference in Paris, Le Maire said: "I want to be absolutely clear: in these conditions, we can not authorise the development of Libra on European soil".

One of the governments who have openly come out to criticise Libra is the French Government which said it would block the development of Facebook's Libra in Europe.

Speaking at an OECD conference in Paris on Thursday, French finance minister Bruno Le Maire said Libra would put the sovereignty of governments at risk.

United States lawmakers don't trust Facebook's Libra They say Facebook has a "pattern of failing to keep consumer data private".

Recall that Nairametrics had reported that concerns were raised that Libra could reduce the European Central Bank's control over the Euro and threaten the economy as well. "In these circumstances, we cannot authorize the development of Libra on European soil".

Bertrand Perez, General Director of the Libra Association, in an interview with Les Echos recently aired some of the latest developments around Facebook's controversial digital currency, which has been a source of debate and controversies globally.

"With the Libra project, the monetary sovereignty of [European] States is at stake", said Le Maire. Many others like the Finance Minister have taken a similar viewpoint and stance against the social media company's foray into the world of digital assets. "To date, while Facebook and [its Libra-focused subsidiary] Calibra have made broad public statements about privacy, they have failed to specifically address the information handling practices that will be in place to secure and protect personal information", the statement said.

To achieve this goal, we still have work and especially with the regulators. It includes a warning that the coin scheme will face more scrutiny than usual because it aims to go beyond being a mere payment system.

"I don't see why we should dedicate so much effort to combating money laundering and terrorist financing for so many years to see a digital currency like Libra completely escape those regulatory efforts", he said.

Related News:

  • Nigerian schools make top 1000 world university ranking

    Nigerian schools make top 1000 world university ranking

    However, both the IITs individually did fairly well by ascending to higher ranks on the chart and succeeding IIT Mumbai and Delhi. Swinburne improved in many areas in the 2020 rankings including citations, research income, publications and research reputation.
    Project Resistance first details, trailer, and screenshots

    Project Resistance first details, trailer, and screenshots

    You can take direct control of the monsters, including - as implied by the previous trailer - Mr. The game is still known as Project Resistance , but Capcom says that is a working title.
    Netanyahu denies Israel planted spy devices near the White House

    Netanyahu denies Israel planted spy devices near the White House

    In 1986, an American court found Jewish American citizen, Jonathan Pollard , guilty of espionage on behalf of Israel. Israel, on Thursday, denied that it planted spy devices near the White House.
  • Ultima Thule emerges as contact binary,

    Ultima Thule emerges as contact binary, "cosmic snowman", in new spacecraft images

    So far, no moons or rings have been detected, but even better images will yield definitive answers in the days and weeks ahead. Researchers believe the spheres were formed from two rotating clouds of smaller chunks of ice and pebbles that coalesced.
    MS Dhoni’s wife responds to speculation on retirement press conference

    MS Dhoni’s wife responds to speculation on retirement press conference

    However, the former India skipper left everyone surprised by not only deciding against retiring but also taking a two-month break. Dhoni has taken a sabbatical from competitive cricket after India's 50-over World Cup campaign ended in the semi-finals.
    Samsung Galaxy A10s, Galaxy A20s prices, specs in PH

    Samsung Galaxy A10s, Galaxy A20s prices, specs in PH

    The smartphone experts in India suggest that both Galaxy A50s and Galaxy A30s will attract a wide array of customers. Nevertheless, it is also essential to note that the A30s will not feature a robust camera like the A50s.
  • GM recalling 3.5 million U.S. vehicles due to braking issue

    GM recalling 3.5 million U.S. vehicles due to braking issue

    The recall comes after the National Highway Traffic Safety Administration began investigating in November of previous year . GM isn't replacing the pumps because pump failures are rare and already are covered by an extended warranty, Flores said.

    McIlroy named PGA Tour player of the year

    Rory McIlroy captures the biggest cash payout in golf history, claims the FedEx Cup and its $15 million prize. Koepka also won three times, including the PGA Championship and a World Golf Championship.
    El Paso mass shooting suspect indicted on capital murder charge

    El Paso mass shooting suspect indicted on capital murder charge

    But he is recovering well, and we wish him the best. "It didn't matter what party you stand for or what you believe in". Six police officers involved in the Dayton, Ohio, shooting which happened just hours later were also commended.
  • Alien breakthrough? Scientists detect water in potentially habitable exoplanet

    Alien breakthrough? Scientists detect water in potentially habitable exoplanet

    The research teams used archived data from the Hubble Space Telescope and other spacecraft to analyze the planet's atmosphere. The planet likely resembles Nepture with no solid surface with fluctuating temperature and pressure.
    You can watch a live stream of Microsoft's Surface event

    You can watch a live stream of Microsoft's Surface event

    We're expecting to see Surface Book 3, Surface Pro 7, and Surface Laptop 3 all make an appearance among the announcements. There's likely even more set to hit the stage at the event that we aren't expecting.
    Teen allegedly hired hitmen to kill her parents

    Teen allegedly hired hitmen to kill her parents

    During a recorded interview with investigators at her home, Hatcher allegedly admitted to the plot, according to the affidavit. Hatcher then said she paid "a black male" $900 for the murder because the first "act was never carried out".


Most liked

Water found for first time on potentially habitable planet
Further studies are required to estimate cloud coverage and the percentage of atmospheric water present, the researchers said. Their research was published on arXiv which found compelling evidence of the existence of water vapour on the planet.

Top horse failed drug test before Triple Crown triumph
That October, the California Horse Racing Board lessened the penalty for horses who test positive for scopolamine. As a result, he shouldn't have been eligible to run in that year's Kentucky Derby .

The fashion editor's verdict on the Duchess of Sussex's Smart Works initiative
It was her first official royal appearance since she went on maternity leave just before the birth of Archie Harrison in May. To date, Smart Works has depended on donations from individuals and brands.

Boris Johnson knocks back Nigel Farage’s election pact
Britain's opposition party leader committed to holding a second Brexit referendum if the Labor Party wins the next general election.

JUST IN | Mugabe to be buried in national monument
Zimbabweans still struggle to survive, with a once-vaunted public health system now a shambles and the economy still in crisis. But the family said traditional chiefs in his homestead in the Zvimba region should decide.

Trump administration can begin enforcing new asylum restrictions, Supreme Court rules
Circuit Court of Appeals in late July. "Lives will be lost". "The lives of thousands of families are at stake", said Gelernt. A reminder of President Trump's success in staffing the federal judiciary came September 11 when the U.S.

Google Photos has a new stories-style 'Memories' feature
This new feature sounds similar, but it'll encompass multiple years and will be right up front in your photos area. In a blog post today, Google confirmed these features, and they also talked about a new feature called "Memories".

Hans Christian Gram: Who was Danish scientist honoured in today’s Google doodle?
Gram was the son of a professor of jurisprudence Frederik Terkel Julius Gram and mom Louise Christiane Roulund. During his time at the university, Gram served as an assistant in botany to the zoologist Japetus Steenstrup.

Chinese probe successfully lands on far side of moon, sends back images
The other side, most of which can not be seen from the Earth, is called the far side or dark side because most of it is uncharted. Scientists are particularly interested in the geology of the basin as it may help explain how the Moon formed.

Farmers praise Trump’s plan to revoke water rule
Environmental groups have said the Obama rule was necessary to protect drinking water sources at risk from agribusiness and industry.

Shawn Mendes and Camila Cabello show everyone how they make out
As Camilla was Shawn's plus one at his birthday celebration quite a lot could be said about the two. For instance, we all know that they have been caught getting cozy with each other, multiple times.

'Two British-Australian women jailed in notorious Iran prison'
DFAT would not comment further on the three cases due to privacy reasons, and would not confirm whether the cases were related. The two women being detained are Australian-British dual citizens, no further details have been made public.

Brady Refuses Comment on Whether Brown is Living With Him
The 31-year-old Brown, a Miami native, was released by Oakland last week after clashing with the team throughout training camp. As GoLocalProv reported , Brown practiced with the Patriots on Wednesday despite the allegations of sexual assault and rape.

Ex-NFL player Terrell Roberts, 38, shot dead in his grandmother's backyard
Roberts, 38, played at Oregon State from 1999-2002 and was a teammate of current Beavers football coach Jonathan Smith. A spokesperson at the Richmond Police Department did not immediately respond to PEOPLE's request for comment.

Joe Johnson to Sign With Pistons, Make NBA Return After BIG3 Stint
He owns career averages of 16 points, four rebounds, 3.9 assists, and 0.8 steals, and has shot 37.1% from beyond the arc. Johnson, 38, earned another shot in the National Basketball Association with his performance in the 3-on-3 league.