Donald Trump Hate Bitcoin and Libra Owns Facebook, Here's Why!
Donald Trump doesn’t seem to like digital currencies like Bitcoin and Facebook’s Libra. Because he suddenly gave an opinion for Bitcoin and Facebook Libra. Even currency cryptocurrency the like. The President of the United States asked the company to comply with US or global regulations.
I’m not a person who likes Bitcoin and other cryptocurrencies. Because it’s not money and its value is uncertain, Trump tweeted.
So if there are other companies or Facebook who want to be like banks, then they have to follow the regulations in banking. Of course, the same as other banks, both national and international, he added.
But now the project from Facebook to create its digital money ‘Libra’ can no longer be continued, unless the problem is resolved. That’s what the Chairman of the US Federal Reserve, Jerome Powell.
Even the presence of Libra makes many people worry about privacy, money laundering, consumer protection and financial stability, he added.
As Dafunda Tekno quoted from Reuters, Facebook Libra is said to be released next year which consists of 28 other supporting companies.
However, due to problematic regulations, it will not go according to plan.