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RE: Libra - An Opportunity or a Threat?

in #libra5 years ago

Thanks for sharing. Indeed. I think the greatest challenge FB is going to face will be from regulators. Their stance seems to be to comply with regulations as much as possible.

With Libra, the association of companies are beginning to play the role of a central bank. They can mint and burn a currency which they created. I reckon that regulators will start drafting new regulations to govern such activities. Along the way, there might be many altcoins becoming part of the collateral damage. It's going to be interesting how this will evolve

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