4 minutes agoPresident of Switzerland: Facebook failed with digital currency
Periskopi(6 years ago)
(6 years ago)Switzerland's president, Uel Maurer, has said that the digital currency Facebook company's books has failed in its present form, and that the project needs to work on me in order to get support. I don't think there's any possibility for the Books in the present form, because central banks don't want [...]
“I don't think there is any possibility for the Books in current form, because central banks will not accept it”, Maurer said.
The project, in this form, has failed”, he said in an interview for the SRF broadcaster.
Facebook requested legal support from Switzerland for digital currency.
The company has not commented on the Swiss president's statements.
Facebook-led digital currency plans, which will be issued and managed by the Geneva-based Books Association, have raised concerns among regulators and politicians, ranging from privacy issues and to its potential to influence monetary policy and change the financial situation in the world.
Officials running the project, including top Facebook manager David Marcus, have said regulatory barriers could delay the release of the currency, scheduled for June 2020.
