03/07/19 14:00 UTC-4

US congressmen are asking Zuckerberg to suspend the development of cryptocurrency

OtherUS congressmen asked Zuckerberg to stop the cryptocurrency
US congressmen asked Zuckerberg to stop the cryptocurrency

American congressmen are still suspicious of the Mark Zuckerberg cryptocurrency project. On July 2, five members of the US House of Representatives under the leadership of Maxim Waters sent a collective letter with a request to suspend the development of the Libra cryptocurrency.


Congressmen vs Zuckerberg Project

Five representatives of the US Congress sent a collective letter with a request to impose a moratorium on the development of the Libra payment system. According to the information, in their letter, the representatives of the authorities addressed not only Mark Zuckerberg, but also the operational director Sheryl Sandberg and the head of the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
division David Markus.

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Please impose a moratorium on cryptocurrency because it can become a competitor to the dollar published in the letter. This, in turn, will adversely affect or completely undermine the monetary policy of the United States of America. In addition, congressmen argue that this project could jeopardize tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
, as well as national financial policies.

The authorities also clarified that after the launch of this project financial security may suffer. After all, Libra will be a tasty morsel for fraudsters and intruders, because of the large investments.

Suspend work on the release of cryptocurrencies: US congressmen and Zuckerberg. Earlier, Maxim Waters independently asked to impose a moratorium on the Libra crypto-project.

See also: "Chuck Norris or Craig Wright: a curious vote from John McAfee"

#Zuckerberg #MarkZuckerberg #cryptocurrency #Libra #Facebookcryptocurrency #ConressUSA #congressman

Editor: Pereyidenko Ihor