15/07/19 06:37 UTC-4

The United States has submitted a bill that will prohibit cryptocurrency from Facebook

CryptocurrencyA bill that would ban Facebook cryptocurrency was proposed in the USA
A bill that would ban Facebook cryptocurrency was proposed in the USA

On July 13, in anticipation of the congressional hearing of Facebook representatives, a new bill appeared that could presumably prohibit the release of the Libra payment system. This was reported on Friday by The Block.


USA: bill against Facebook


On Friday, a bill was introduced under the name “The bill on the preservation of large technologies out of finance”. If this bill is adopted, large companies will not be able to create and maintain the issue of cryptocurrency assets.

According to the information, the bill is aimed at preventing the transformation of technology companies into financial institutions. It also seeks to prohibit companies from “creating, maintaining or exploiting digital assets that are intended to be widely used as a medium of exchange, accounting unit, or value store”, as determined by the Board of Governors of the Federal Reserve System.

Regarding the nuances of the new bill, any technology company with an annual income of more than $ 25 billion and mainly engaged in offering online public tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
platforms, exchanges or platforms is subject to a ban. These companies will be subject to a daily fine of $ 1 million for violation of any of the points of the bill.

In the United States, a bill was submitted that would prohibit cryptocurrency from Facebook. Recall that five congressmen already approached Mark Zuckerberg to impose a moratorium on his cryptocurrency project.

In addition, Donald Trump said that the cost of crypto is taken from the air and they support crime.


Editor: Godfrid Brower

See also: "Bitcoin is below $ 10,200, and Ethereum fell to $ 220"

#UnitedStates #bill #Facebook #Facebookcryptocurrency #Libra #Libraban #cryptocurrency #cryptocurrencyregulation



23/08/19 22:00 UTC-4

Out: Libra founders are preparing an "escape" from the project

​The Libra Association (the organization that should develop Facebook’s cryptocurrency) has 28 members. They include such giants as Visa and Uber. Now at least 3 members are trying to get out of the project because of criticism from regulators.

16/08/19 07:00 UTC-4

A Wall Street analyst is confident in the growth of Bitcoin

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