The largest payment operators Visa and Mastercard, as well as other Libra project participants, decided to reconsider their participation format after numerous negative reviews from politicians.
In recent months, the Facebook project for creating the corporate cryptocurrency Libra has caused massive criticism from high-ranking European and American officials. The French finance minister and the German government called for a ban on Libra and similar projects in the EU. In the United States, a final decision on Libra has not yet been made and hearings are being held in Congress, but the general background remains negative for the project, although regulators insist only on compliance with applicable laws.
Not wanting to conflict with regulators, key Libra participants and investors, including Mastercard and Visa, decided to revise their degree of participation in the project towards limitation. Specific conditions have not yet been named, but the public support for Libra by most participants seems to be curtailed.
Facebook itself did not report on the adjustment of Libra development plans in connection with the political opposition in Europe, but may prohibit the token circulation in countries where restrictions will be introduced. However, the euro will become the second largest share of the currency in the collateral portfolio for Libra.
Mining on RTX 3070. Overclocking, tuning, profitability, consumption: If you are interested in finding more…
Mining with GTX 1660, 1660 Ti, 1660 Super. Overclocking, settings, consumption, profitability, comparisons - If…
Mining with RTX 2070 and 2070 Super. Overclocking, profitability, consumption, comparison What the RTX 2070…
Mining with RTX 3060, 3060 Ti. Limitations, overclocking, settings, consumption, profitability, comparison Let's look at…
Alphacool Eisblock Aurora Acryl GPX-A (2022) with Sapphire Radeon RX 6950 XT Nitro+ Pure in…
In the ever-evolving landscape of business strategy, Bitcoin has emerged as a pivotal asset. With…
This website uses cookies.