The project itself isn't a treat, but the ambition on it is considered "a threat" to sovereign economies, and without launching it has been denied the presence in the world of Finances and crypto. Since the announce of intention to release a Global Stablecoin project backed by Facebook the world Nations started to "think out the box" and, driven by the Libra project start studying more about Blockchain and the imminent issuance of CBDCs (Central Bank Digital Currency), that is being taken serious even by FED, the Central US Bank!

Is notorious that the Facebook project will and is, facing Regulatory issues and based with The "mother" company, are being put on table the sins of them and those ones are proven to difficult the scenario to release their Global Stablecoin project. The scandals behind Facebook Inc concerning privacy last year, took European countries to get signatures to forbid the stablecoin project to act in some countries from that region. France since the beginning is the strong opposition to Libra in Europe, and to prove that the innovative ideas from Facebook is adopted, France is planning also to get their CBDC!

Many other countries exposed their concerns about it and pairing with Digital Yuan from China, are, even taking the Theme Global Stablecoin to the G7 Meeting, as a topic to heavily discuss!

The world is affraid to innovative ideas and projects, but the good here is for good their are entering to the Blockchain Technology adoption!

**Free image from pixabay.com