France, which chairs the G-7 (G7), will set up a working group on stablecoins, Reuters reported, citing the head of the central bank, Villeroy de Galo.
For example, a group of G7 headed by a member of the governing board of the ECB, Benoit Kur. In addition to directly steyblkoinov, she will be engaged in the study of the digital currency Libra, which is presented on Facebook on June 18.
Published white paper cryptocurrency from Facebook, as well as presented Calibra wallet
Note that French Finance Minister Bruno Le Mayor was one of the first to criticize the social network initiative, stressing that Libra will never become a sovereign currency. He also urged G7 to carefully study the project before the meeting to be held next month.
Regulators around the world have already expressed their indignation at the launch of the project, in particular in the US Congress stated that Libra should not be allowed to compete with the US dollar. The statements of other regulators can be found at the link .
It is also reported that Libra can not be used in countries where cryptocurrency is prohibited or Facebook is restricted. In particular, the media reported that this situation could arise in India, where the central bank prohibited regulated financial institutions from interacting with digital assets.
Recall that relatively recently in India there was a bill "On the prohibition of cryptocurrency and the regulation of official digital currencies", which implies a ten-year imprisonment for conducting cryptocurrency transactions.
The Block has been able to find out that Calibra, Facebook's Libra wallet, will definitely not be active in China, Egypt and Cuba.
Some community members believe that the launch of Libra will eventually lead to a mass adoption of cryptocurrencies in most countries of the world, and Facebook and other companies within the Libra Association will take a regulatory blow upon themselves and pave the way for Bitcoin.
Best take I have seen. pic.twitter.com/G3Vpdc6ggY
– Wei (@weizhouBinance) June 20, 2019
Not everyone agrees with this opinion. Amir Taaki, known as the developer of DarkWallet, an anonymous Bitcoin wallet, is convinced that Libra can supplant the first cryptocurrency as "Mac did with Linux, and Google Chrome with FireFox". He stressed that the townsfolk will not use Bitcoin, and Libra will become the online standard. At the same time, regulators will try to destroy all unregulated cryptocurrencies.
It is our morals that you can carry us. Better design, usability. We must double down on values. And the current leaders of crypto are corrupt
– Amir Taaki (@Narodism) June 20, 2019
“It’s time to accept our fate as a tool for terrorism and criminals. We are held only by our beliefs. We will never have more users, better design or UX. We must focus on values, and today's leaders of the cryptocurrency world are corrupt, ” he concluded.
At the same time, in the comments, Taak was criticized for alarming and incorrect statements about Linux.
Um Linux currently drives the whole internet. Doctors, CI, Docker, Linux Mac is just a consumer product.
– sam (@cloudonshore) June 20, 2019
"Yes, the whole Internet works on Linux."
98% of top 1mil websites running on linux … 100% top500 supercomputers running on linux …
– peeticek [₿⚡Ł] * delistBSV / BCH * (@peeticek) June 20, 2019
Linux won;) Its the most used OS out there.
Bullish on BTC– Andrej Cibik #StackingSats (@AndrejCibik) June 20, 2019
Deeply disappointed by this capitulation
– mach nine (@alegw) June 20, 2019
"Very disappointed with your capitulation."
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