Olaf Scholz vs. Facebook's Libra

Written by alyzesam | Published 2019/10/08
Tech Story Tags: stablecoin | crypto-regulation | is-libra-stablecoin | facebook | calibra | libra | cryptocurrency | olaf-scholz

TLDR 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.via the TL;DR App

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Written by alyzesam | A smiling survivor serving in ethical tech Termed "Stablecoin Queen" & “the heart of social impact blockchain.”
Published by HackerNoon on 2019/10/08