Point Roberts, WA and Delta, BC – September 12, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.
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#CryptoCorner: France Will Not Authorize Libra, Roger Ver’s Bitcoin.com Planning for BCH Futures and Binance US to Open Registration Next Week
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Stocks discussed: (NasdaqGS:FB)
France will not authorize Facebook’s (NasdaqGS:FB) Libra in Europe, according to a report from CNBC. Bruno Le Maire, the country’s Finance Minister, affirmed France’s position at an OECD conference in Paris today. He cited concerns that Libra would undermine the sovereignty of national currencies, and that it would be used for money laundering and terrorism financing.
“All these concerns around libra are serious. So I want to say this with a lot of clarity: In these conditions, we cannot authorize the development of libra on European soil.”
Dante Disparte, Head of Policy and Communications for the Libra Association, replied to Le Maire’s comments:
“We welcome this scrutiny and have deliberately designed a long launch runway to have these conversations, educate stakeholders and incorporate their feedback in our design. The Libra Association and its members are committed to working with regulatory authorities to achieve a safe, transparent, and consumer-focused implementation of the Libra project. We recognize that blockchain is an emerging technology, and that policymakers must carefully consider how its applications fit into their financial system policies.”
Mark Branson, director of the Swiss Financial Market…