libra   314

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RT : [BREAKING NEWS] We are pleased to announce Director of Policy of the Association as a keynote s…
Libra  from twitter_favs
16 days ago by wavyx
Facebook admits to circumventing GDPR
"Facebook claims that it is no longer bound by GDPR because of the way it changed its terms and conditions. It is relying on Article 6(1)(b) of the GDPR which states: “processing is necessary for the performance of a contract to which the data subject is party or in order to take steps at the request of the data subject prior to entering into a contract.”
business  latest  news  security  advertising  eu  facebook  gdpr  libra  noyb  privacy 
24 days ago by jonerp
A Chinese digital currency is the real threat, not Facebook's Libra • The Guardian
Professor Kenneth Rogoff (economics and public policy at Harvard U):
<p>China’s burdensome capital controls, its limits on foreign holdings of bonds and equities, and the general opaqueness of its financial system leave the yuan many decades away from supplanting the dollar in the legal global economy.

Control over the underground economy, however, is another matter entirely. The global underground economy, consisting mainly of tax evasion and criminal activities, but also terrorism, is much smaller than the legal economy (perhaps one-fifth the size), but it is still highly consequential. The issue here is not so much whose currency is dominant, but how to minimise adverse effects. And a widely used, state-backed Chinese digital currency could certainly have an impact, especially in areas where China’s interests do not coincide with those of the west.

A US-regulated digital currency could in principle be required to be traceable by US authorities, so that if North Korea were to use it to hire Russian nuclear scientists, or Iran were to use it to finance terrorist activity, they would run a high risk of being caught, and potentially even blocked. If, however, the digital currency were run out of China, the US would have far fewer levers to pull. Western regulators could ultimately ban the use of China’s digital currency, but that wouldn’t stop it from being used in large parts of Africa, Latin America, and Asia, which in turn could engender some underground demand even in the US and Europe.

…Just as technology has disrupted media, politics, and business, it is on the verge of disrupting America’s ability to leverage faith in its currency to pursue its broader national interests.</p>

Libra worries me, because of its potential to become a completely out-of-control global currency. A Chinese cryptocurrency could, as he points out, be equally bad, but in different ways.
cryptocurrency  china  libra 
25 days ago by charlesarthur
All Things Facebook Libra
In preparation of MoneyLab #7 in Amsterdam on November 14-15 I made the following link list. Many of the topics will be discussed there. No coincidence much of it is related to the Libra developments. 
cryptocurrency  Facebook  libra  cryptocurrencies 
5 weeks ago by josephaleo
Twitter CEO Jack Dorsey says “hell no” to joining Facebook’s Libra ‘cryptocurrency’
The CEO, who also founded well-known payments company Square and several months ago shared his cryptocurrency plans with TNW, also questioned the tech giant’s intentions to issue its own ‘cryptocurrency‘: “I don’t know if it’s a gimmick…but a cryptocurrency wasn’t necessary to make that work,” he said in allusion to Facebook‘s purported plans to democratize the financial system. “It’s not an internet open standard that was born on the internet,” Dorsey said.
dd  bf  twitter  libra 
5 weeks ago by motiveunknown
RT : 中国が #リブラ に抱く危機感とは?そして #デジタル人民元 発行の背景にある狙いとは?通貨覇権の構図が変わりつつある状況を、ニッセイ基礎研究所の矢嶋康次氏が解説。


Libra  from twitter_favs
5 weeks ago by geshtalt
The Data Sheet has on vs China, news of tech and sneaker CEO musical chairs, and…
Libra  from twitter
6 weeks ago by ampressman
Facebook announces Libra cryptocurrency: All you need to know | TechCrunch
Yet existing cryptocurrencies like Bitcoin and Ethereum weren’t properly engineered to scale to be a medium of exchange. Their unanchored price was susceptible to huge and unpredictable swings, making it tough for merchants to accept as payment. And cryptocurrencies miss out on much of their potential beyond speculation unless there are enough places that will take them instead of dollars, and the experience of buying and spending them is easy enough for a mainstream audience. But with Facebook’s relationship with 7 million advertisers and 90 million small businesses plus its user experience prowess, it was well-poised to tackle this juggernaut of a problem.
facebook  libra 
6 weeks ago by cmananian

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