Swiss President: Libra project – in its current form – complete fiasco

Swiss President and Federal Councilor of Switzerland Ueli Maurer (Ueli Maurer) said that the draft kriptovalyutny Libra Facebook in its current form failed and must be processed before it can get approval. This publication reports Reuters.

Maurer suggested that Libra is not likely to succeed, because the central bank does not agree with the composition of the basket of currencies underlying the StableCoin.

I do not think that Libra chance, because the central bank does not agree to the currency basket underlying the currency. In the current form, the draft is complete fiasco.

President of Switzerland comment could hit Facebook kriptovalyutnomu project as Calibra headquarters is in Geneva, where the Association of Libra is now awaiting approval by regulators.

To date, the Association has lost a quarter of its partners, and supported her cryptocurrency attracted attention of regulators around the world. Especially hostile to the idea of ​​launching steyblkoina treated the governments of Germany and France.

The project has not received support in America – in late October, the head of Facebook Mark Zuckerberg was forced to appear before the US Congress. He announced his readiness to leave Facebook Libra Association in case the project will be launched to resolve all regulatory issues.

Within a few hours Zuckerberg spoke and answered questions from members of Congress on the Committee on Financial Services of the US House of Representatives. Questions he asked, concerned not only the Libra project – the head of Facebook had to explain about data leakage related to social network users, and the alleged foreign interference in the recent US presidential election through Facebook.

In early December, the EU finance ministers concluded that digital assets, such as the Libra, has no place in the EU, if not eliminated all the regulatory hurdles. Ministers stated: “No steyblkoin will not start until you have identified and addressed the regulatory, legal and regulatory risks.”

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