WASHINGTON, KOMPAS.com - President of the United States Donald Trump expressed his distrust of crypto currencies on Thursday (07/11/2019).
Trump also gave a statement about crypto money to ask for money, asking those who want to join in the trade to approve banking regulations.
"I am not a fan of Bitcoin or other crypto currencies, which are not money, and are considered very volatile and are based on something not seen," Trump wrote on Twitter.
The president released 73 years of additions, the crypto currency that activates electronics makes it easy to track and can facilitate illegal activities.
Crypto currencies have been growing ever since Bitcoin was launched in 2009. Later, Facebook also revealed plans to launch its own virtual currency, Libra, and shake financial regulators around the world.
With more than two billion Facebook users, the crypto currency of the social media giant, which will be launched officially in 2020, has many partners and will be financed by the world.
Trump also mentions Libra, Facebook's crypto release, has a low position and trust.
Trump also offers Facebook and other companies that will launch their own crypto currency so they must issue banking regulations in the United States and internationally.
Trump also offers Facebook and other companies that will launch their own crypto currency so they must issue banking regulations in the United States and internationally.
"We only have one real currency in the US and are stronger than before and that is called the United States dollar
The G7 high-level working group is expected to make a preliminary report on the crypto-backed assets, next week, requesting a meeting of member finance ministers in France.
"The more we, international regulators, ask for this project, the more questions that arise and ask questions," said Francois Villeroy de Galhaut, head of the French central bank.
Some American politicians have also called for a total freeze on Facebook's virtual currency project.
Although Facebook has agreed it will provide stable virtual money that lives on cellphones and can bring more than one billion people without bank accounts or those who use services outside the banking system, such as payday loans to meet needs, into the financial system.
Each cellphone can be a digital wallet for Libya and can be sold banking functions, credit card services, and online trading in developing countries. source
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