Facebook has rejected after massive political criticism of its planned digital currency Libra concerns that they could interfere in the sovereignty of Central banks.

In Libra is spent, no new money, what will remain sovereign States, said the Online network for the development of Libra competent Top Manager David Marcus on Monday.

Libra is to be secured according to previous plans, one-to-one with a basket of stable currencies and government bonds. If someone buys Libra with a classical currency, should the money go directly into this Fund, as Facebook explains.

in Libra, would act as a System for fast international money Transfers. Politicians and regulators feared that the Fund could lead, given the size of Facebook, with more than two billion users to the dislocations on the money markets.

Facebook wants to leave the management of the digital currency quickly the Libra Association, with headquarters in Switzerland. Facebook Manager Marcus will then develop the in-house Digital-wallet for the currency with the name Calibra. According to previous plans, Calibra, the only digital wallet for Libra in Facebook’s chat services, WhatsApp and Messenger will be with significantly more than a billion users. For other technical platforms, there should be, but also alternative “Wallets”.

On Monday, representatives of the Libra Association, met with high-ranking representatives of the authorities in the case of a meeting of the Bank for International settlements (BIS). The focus is on the so – called “stable-coins” – so digital currencies, which are tied to well-established means of payment were generally.

ECB Executive Board member Benoît Cœuré stressed then the concerns of the regulators. Stablecoins are untested, as a new technology, in particular if the scale of a global payment system. You can also see a number of risks. “The hurdle for regulatory approval will be high.” The Libra Association shall be regulated according to present plans of the Swiss financial market Supervisory authority Finma.

Reuters topics in this article, Facebook’s digital currency Basel David Marcus New in Digital North Korea, US authorities are warning: These three Hacker groups to bring Kim Jong-un billion By Malte Mansholt display star travel the worlds of the Danube in the Advent river cruise with All Inclusive from 589 Euro sport flying Green flying without fuel The future of transport? Start-up test flight-taxi-Stuttgart-fraud Scam warning, rip-off: these are the nasty Microsoft-Call the police From the painted Mans warns of selling brings starting iPhone 11: to order Apple’s new smartphone, before Fiegen in the sunrise photography tips for beginners, This SLR cameras are suitable for beginners and allows you to: Hannah Leonhard presentation of the new iPhone 11 and 11 Per: For whom Apple’s new Smartphones worth Of painted Mans Apple iPhone brings 11 price forecast: the Apple phones are affordable iPhone 11 Apple announces and Twitter reacts New “Slofies” for the astonishment and ridicule of 40 new Levels of Mahjong – free to play! Smartphone market The iPhone 11 saves with innovations – missed Apple now? By Malte Mans iPhone 11 get Pro the end of the camera (as we know it) By Christoph Fröhlich Apple TV+ Apple Arcade With any of these services, Apple will replace the iPhone as a money printing machine By Malte Mansholt colors, Features, price iPhone 11: Six things you need to know about the new devices Apple Keynote iPhone 11 to bring recovery – new streaming service to Netflix attack Three cameras and a larger battery the iPhone 11: The new Apple Smartphone in a Quick Check Of Christoph Fröhlich Apple Event iPhone 11 in pictures: So chic Apple’s new launches By Malte mansholt iPhone 11 are not presented Apple’s biggest Surprise was the iPhone Of the painted Mans price brings Liveblog Keynote 2019 Apple Event to Read: iPhone 11 Pro, Streaming to the fight, no “one more Thing” Release of iPhone 11, and co. Here you can see the Apple Keynote live stream

LEAVE A REPLY

Please enter your comment!
Please enter your name here