French Economy and Finance Minister Bruno Le Maire stated the nation will block Facebook’s Libra cryptocurrency, after recent concerns regarding the threat to the sovereignty of national currencies in the EU.
The International Monetary Fund (IMF) released a statement regarding potential use cases and risks associated with cryptocurrency, including stablecoins.
Facebook is offering up to $10,000 for any bugs found in their cryptocurrency project Libra.
Huawei CEO Ren Zhengfei has stated he would like to issue a cryptocurrency to compete with Facebook’s Libra, during a recent interview with Italian news agency, Corriere della Sera. // STAY UP TO DATE – FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY “China can also issue such a currency by itself,” Zhengfei said. “Why wait for others to issue… Continue reading Huawei to Launch Cryptocurrency to Compete with Facebook
During Facebook’s quarterly earnings call, Mark Zuckerberg stated the company will work with regulators for “however long it takes” before launching Libra.