Cryptocurrency: G7 and US Threats that Cryptocurrency and Gold are Better Than Fiat System, OpenLibra, Bankers

[grarpamp]

https://old.reddit.com/r/CryptoCurrency/comments/dhbv5z/ama_with_us_congressional_candidate_agatha/f3lz4fh/

"Everyone should have the right to privacy--and by extension--the
right to use privacy coins. I would compare this to the use of cash.
Today, we can go into a store, pay for something in cash, and not
leave a trace about our identity. That should still be possible with
digital money."


https://www.openlibra.io/
https://mashable.com/article/openlibra/

https://www.theverge.com/2019/10/11/20910330/mastercard-stripe-ebay-facebook-libra-association-withdrawal-cryptocurrency
https://www.bbc.com/news/business-50037223

 "Stablecoin" cryptocurrencies like Libra pose a risk to the global
financial system, warns a new report by the G7 group of nations. The
G7 taskforce that produced the report includes senior officials from
central banks, the International Monetary Fund and the Financial
Stability Board, which coordinates rules for the G20 economies. It
says backers of digital currencies like Libra must be legally sound,
protect consumers and ensure coins are not used to launder money or
fund terrorism.... The draft report says: "The G7 believe that no
stablecoin project should begin operation until the legal, regulatory
and oversight challenges and risks are adequately addressed...." The
draft report outlines nine major risks posed by such digital
currencies. It warns that even if Libra's backers address concerns,
the project may not get approval from regulators... "Addressing such
risks is not necessarily a guarantee of regulatory approval for a
stablecoin arrangement," the report says.


US Senators Threaten More FHOTI FUD against Crypto
https://www.schatz.senate.gov/imo/media/doc/Signed%20Letters%20re%20Libra%20to%20Patrick%20Collison,%20Ajaypal%20Banga,%20and%20Alfred%20Kelly.pdf


https://www.zerohedge.com/news/2019-10-10/short-bankers-traditional-institutions-are-embracing-crypto

https://www.economist.com/briefing/2019/10/05/the-stockmarket-is-now-run-by-computers-algorithms-and-passive-managers