Bitcoin was created to enable true ownership of money without having to trust a government or third party.
Unlike Central Bank Digital Currencies (CBDCs) like Ripple & Facebook’s Libra - are digital versions of cash.
Concerns Over Facebook-backed Cryptocurrency
After the meeting on Monday, German Finance Minister Olaf Scholz issued a statement, raising concerns about authorizing the launch of Facebook’s libra cryptocurrency, which has been renamed diem, in Germany and Europe. He warned:
A wolf in sheep’s clothing is still a wolf. It is clear to me that Germany and Europe cannot and will not accept its entry into the market while the regulatory risks are not adequately addressed. We must do everything possible to make sure the currency monopoly remains in the hands of states.
Bitcoin was created to enable true ownership of money without having to trust a government or third party.
Unlike Central Bank Digital Currencies (CBDCs) like Ripple & Facebook’s Libra - are digital versions of cash.
Concerns Over Facebook-backed Cryptocurrency After the meeting on Monday, German Finance Minister Olaf Scholz issued a statement, raising concerns about authorizing the launch of Facebook’s libra cryptocurrency, which has been renamed diem, in Germany and Europe. He warned:
A wolf in sheep’s clothing is still a wolf. It is clear to me that Germany and Europe cannot and will not accept its entry into the market while the regulatory risks are not adequately addressed. We must do everything possible to make sure the currency monopoly remains in the hands of states.
https://news.bitcoin.com/g7-central-bankers-regulate-cryptocurrencies/