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2019-07-09 05:58:04

China and India view Facebook’s Libra’s as a threat to national financial systems

India and China, two massive economies with vast global influence, have already shown a lack of interest in Facebook’s Libra’s prospects. In addition to this, both nations are also adopting fierce anti-digital currency stances. This means that over hundreds of millions of Facebook users in both nations will be excluded from the coin’s ecosystem when it launches due to government based regulation. Regulations in India have been growing more complex, while the atmosphere from financial leaders has been quite hostile. Numerous leading crypto trading firms have been forced to close down under this egregious environment created by the nation. Meanwhile,