Too Long; Didn't Read
Vice-chancellor and Germany's finance minister, Olaf Scholz, says ‘No’ to Facebook’s Libra Coin, ‘Yes!” to digital currency. Germany recently passed a blockchain strategy preventing parallel currencies to be issued, just three weeks ago. The German cabinet is expected to adopt a comprehensive blockchain strategy on Wednesday which aims to boost the digital transformation of its economy but also tackle the risks stemming from such new technologies. Some argue Libra would be “Frankly a dangerous precedent” for the U.S. to shut down.