Facebook is struggling to maintain its cryptocurrency

Jamie McKane

MyBroadband Journalist
Staff member
Super Moderator
Mar 2, 2016
Facebook is struggling to maintain its cryptocurrency

Mark Zuckerberg’s cryptocurrency project, Libra, has become the regulatory equivalent of a pinata: Everyone is lining up to hit it with a stick. France’s finance minister Bruno Le Maire calls it an assault on sovereignty and a risk to financial stability, an attack backed up by his German counterpart Olaf Scholz who dubbed it a “parallel currency.” You can see their point.

Across the Atlantic, U.S. Democrats and Republicans — including President Donald Trump — have called for tough scrutiny of the Facebook Inc. payments system, whose potential 2-billion strong user base could threaten the U.S. dollar’s supremacy.


Moto Guzzi

Expert Member
Apr 24, 2004
If crypto currency (The new wonder of the world) cannot provide a specified trace of the smallest amount of money units added to amonunts tranfered from originating to final account resting place and layout a path of travel through all banking points to fight high level corruption, its not any better than the current system.