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What domains do you have related to the new currency called Libra?
 
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The FCA notes that stablecoins that have a 1:1 peg with a currency will most likely meet the definition of electronic money.

They also state that stablecoins that create a new unit of account (such as Libra Coin) may meet the definition of e-money but can also meet the definition of a security token depending on the economic reality of the issuance.

They do however state that stablecoins can be backed by a basket of securities, which alludes that stablecoins like Libra Coin and other similar stablecoins will constitute electronic money.
 
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The FCA notes that stablecoins that have a 1:1 peg with a currency will most likely meet the definition of electronic money.

They also state that stablecoins that create a new unit of account (such as Libra Coin) may meet the definition of e-money but can also meet the definition of a security token depending on the economic reality of the issuance.

They do however state that stablecoins can be backed by a basket of securities, which alludes that stablecoins like Libra Coin and other similar stablecoins will constitute electronic money.
It's going to be interesting how all this plays out. The IMF has slightly different definitions and classifications. For instance, the IMF does not currently classify Libra as Emoney due to the reserves being variable. Although, further clarity from both Libra and the IMF is expected.

One has to wonder if there will be consensus at some point. Regardless, Emoney is here to stay.
 
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It's going to be interesting how all this plays out. The IMF has slightly different definitions and classifications. For instance, the IMF does not currently classify Libra as Emoney due to the reserves being variable. Although, further clarity from both Libra and the IMF is expected.

One has to wonder if there will be consensus at some point. Regardless, Emoney is here to stay.

The U.K is starting to make its move and seems to be more welcoming to the idea of Facebook running its own cryptocurrency. In May, the country’s dailies reported meetings between Zuckerberg and Mark Carney, governor of the Bank of England, in which the two discussed Globalcoin.
 
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Libra: Could Facebook’s new currency be stopped in its tracks? - BBC News

Cheers
Corey
 
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Libra: Could Facebook’s new currency be stopped in its tracks? - BBC News

Cheers
Corey

‘Thou doth protest too much’

So I just looked at all the news. Banks cut 30,000 jobs, Japan and South Korea enter into a trade war, USA and China's trade war deepens, Italy is about to have snap elections as euro scepticism grows, the Argentinian Peso has collapsed over night, one of the world's biggest investment groups Burford is kicking off about share price manipulation, Germany's recession deepens, Canada on the brink of a housing equity crisis, and a multitude of other financial stories about how the next financial crisis is just around the corner and it's going to be worse than 2008.

They are stuck between a rock and a hard place.

Bitcoin (unregulated) vs Libra (Regulated)

🤔
 
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Just as the U.K. is the financial capital of the world, London is the fintech capital of Europe, only lagging behind China and the U.S. in terms of global placement. The strength of the U.K.’s position is built on three key factors: U.K. financial services, the nature of U.K. customers and the U.K. regulatory environment.

I don’t believe for a second that once out of the EU the U.K. won’t fully embrace Crypto, especially those which they can regulate.
 
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Facebook's Libra may be the death knell for Weaker Economies - AMBCrypto

60 percent of the world's population could shift to Facebook's Libra. The world is at a turning point. Financial crisis seems to be rearing its ugly head, trade wars are heating up, and currency crashes are a regular occurrence.

Cheers
Corey
 
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Some guys here have registered the whole Zodiac for potential Crypto use.

As you know the planet Venus is corresponding to the sign Libra. So I took
VenusWallet dot com.
Hope you heard the news today!
 
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Anyone else buy any Venus names today?
 
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740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmNhMjY5YTcyNWZmODExNmI4ZDkwZjQ5YWY0ZGMzOS5qcGc=.jpg


Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra. - CoinTelegraph

Cheers
Corey
 
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740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmNhMjY5YTcyNWZmODExNmI4ZDkwZjQ5YWY0ZGMzOS5qcGc=.jpg


Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra. - CoinTelegraph

Cheers
Corey
SyntheticHegemonicCurrency.com for sale! Hearing all offers!
 
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740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmNhMjY5YTcyNWZmODExNmI4ZDkwZjQ5YWY0ZGMzOS5qcGc=.jpg


Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra. - CoinTelegraph

Cheers
Corey

SyntheticHegemonicCurrency.com for sale! Hearing all offers!

SyntheticHegemonicCurrencyExchange.com
 
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Bank of England finally admits Carney held talks with Zuckerberg as row rages over new currency | Daily Mail Online

Cheers
Corey
 
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28 Days of Libra: How Spotify & the Music Industry stand to Benefit from the New Cryptocurrency ~ Lifestyle On Libra

Cheers
Corey
 
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The Libra Association is announcing a bug bounty program that will enable developers from around the world to submit bugs to help ensure the security of the Libra Blockchain. We are launching this bug bounty now, well before real money is at stake. The goal of this program is to ensure that when the Libra Blockchain and currency launch, people can trust that their money is safe.

The Libra Bug Bounty Program | Libra

Cheers
Corey
 
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Japanese Prime Minister discusses Libra and digital currency

There are international concerns that Libra, the Switzerland-based conglomerate-backed digital currency, could disrupt the financial system. Criticism has come from the People’s Bank of China, the U.K. Financial Conduct Authority, and prominently U.S. fiscal lawmakers among others. Nakatani was, therefore, keen to learn what the Japanese government’s opinion on the ‘stablecoin’ is.


https://www.ledgerinsights.com/japan-prime-minister-libra-digital-currency/

 
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LibraCoin.co JUST REDUCED TO BIN $2500!
 
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