Facebook announced to launched a cryptocurrency named Libra. Facebook released details of its coin. According to announced details an Association has been established under which this new coin will be released and governed.
IS LIBRA COIN GOOD FOR CRYPTO OR ITS DAMAGE THE SPACE, BIG QUESTION MARK?
Experts are giving different point of views. Some are saying that facebook coin will benefit crypto especially bitcoin while others are critics of Libra coin.
Recently Tron founder Justin Sun says a big FOMO is about to come.
Exchanges also trying to reserved a seat on launching Libra coin on their platforms.
Whenever something new is coming their are always both sides of point of views. Similarly its prevails in facebook Libra coin case. Some blockchain actors are opposing and showing their concerns on "centralised Libra coin." Bitcoin is a decetralized coin with no ownership. So, when comes to regulation its some what tricky thing. However Facebook is a organization and it has to follow regulazation cretria.
Reuters News Service recetly says that "Mastercard’s Jorn Lambert has already stated the Libra project may not even launch if it receives too much pushback from regulators. BBC News run a news with a headline
"Facebook urged to pause Libra crypto-currency project"
Facebook coin good or bad but it is creating waves in crypto world since facebook hired few blockchain developers. Time will decied who is right and who is wrong. One thing is very clear don't miss any opportunity because at the time of bitcoin created people and experts talking the same.
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