Swiss President: Libra Should Change To Reach Success
Swiss President Ueli Maurer believes that the Libra project is not going to achieve success in its current form. According to the head of state, to get a license from regulators, the Consortium should be changed. “Central banks will not accept the basket of currencies underpinning it. The project, in this form, has thus failed.” – said him. Recall, the stable coin project from Facebook and the 23 largest companies in the world was taken rather sharply by the regulatory financial authorities of different countries. European and US finance ministers see Libra as a threat to national security and state sovereignty. Zuckerberg does not deny that the project needs to be further developed, he also claims he will not go against the law and issue cryptocurrency without the regulators’ permission.