With so many impediments cropping up even before its launch, Facebook-backed Cryptocurrency Libra has a steep road ahead. Whether or not it would be launched at all is still subject to speculation. Unlike many others, if you are a Libra-fan, keep an eye out on the latest crypto news to know what might eventually become of the coin. visit this link. http://bit.ly/2QHKACp

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Facebook might have had no
inkling of the troubles that it
would face when it first
announced plans to launch
its altcoin. Facebook is
already mired in
controversies related to
privacy issues and the way it
uses the data collected from
millions of its users. To make
things worse, the Facebook-
backed cryptocurrency Libra
has also started facing
backlash from multiple
fronts.
https://blog.cryptoknowmics.com/

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Regulatory Scrutiny
• The criticism that Facebook-backed cryptocurrency Libra has
received from countries like France and Germany have made it
to the top of altcoin news. Both countries have cited the risk
that Libra poses to the financial sector, which has jeopardized
Libra’s authority in Europe. The finance ministers of both
countries had said last month that digital currencies posed a
threat to not only consumers and financial stability but also the
monetary sovereignty of European countries.

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Tim Cook’s Opposition to Creation of Currencies
by Private Groups
• In a recent interview, Tim Cook, the CEO of Apple Inc.,
expressed his disapproval on the idea of the creation of
currencies by a private group. He said that states should
continue to remain in charge of the money and not some
private company. These comments from him hold a great
significance in a time when the debate around privacy has
gained massive momentum across the world.

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Troubles With Launch in India
• The Economic Times reported in June 2019 that Libra
wouldn’t be launched in India. The current regulations in India
have banned blockchain-based transactions. Also, there are
plans to make dealing in virtual currencies punishable by a jail
term of up to 10 years, along with hefty fines.

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https://blog.cryptoknowmics.com/
• With so many impediments cropping up even before its launch,
Facebook-backed Cryptocurrency Libra has a steep road ahead.
Whether or not it would be launched at all is still subject to
speculation. Unlike many others, if you are a Libra-fan, keep an
eye out on the latest crypto blog to know what might eventually
become of the coin..
https://blog.cryptoknowmics.com/introduction-to-blockchain-and-cryptocurrency/

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