Bangko Sentral ng Pilipinas plans to wait a further “three to five years” before it entertains the idea of launching its own cryptocurrency.
Bank of Japan, the country’s central bank, said Libra would be difficult to regulate, and ultimately posed risks to the global financial system.
Facebook is working to get a New York BitLicense and work out regulatory problems in other jurisdictions in preparation for its 2020 launch.
According to Digital Shadows, a cyber intelligence firm, more than 100 fake domains related to Libra have been registered since the project was first announced.
Congress worries that Facebook has already proven terrorists know how to abuse it, while Zuckerberg points out other companies are in on this too.
Federal Reserve Chairman Jerome Powell doesn’t know much about Libra yet, but he knows it will be big.
Libra scams are already praying on the unsuspecting public, but hopefully nobody is dumb enough to fall for them.
While governments around the world seem to be raising their opposition to Facebook’s Libra stablecoin, the project has still found a healthy amount of support.