Libra could be regulated in the United States

Libra could be regulated in the United States

Donald Trump has never been a fan of Cryptocurrencies and we can see it again. With the rise of cryptocurrencies, faced with competition with the current economic system, the president has not been willing to allow a free economy in terms of the use of virtual assets in the United States.

Therefore the president has said through Twitter its position towards corporations that make use of cryptocurrencies: “If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International.”

However Donald Trump has also opened the possibility of a “big meeting” with the CEOs of the main high-tech corporations and thus explore in more detail the possible legislative solutions for protect both, the users and large corporations.

At the G7 summit, the topic of cybersecurity is also part of the agenda, as well as cryptocurrencies, whose use can lead to crimes such as cover-up for money laundering and financing of terrorism, and it is considered a request for regulation of virtual assets.

Leave a Reply