Date: 7 days ago   Category: Financial

Trump does not trust cryptocurrencies


The American leader said that he is not an admirer of bitcoin and does not consider cryptocurrency money. The U.S. President Donald Trump said that the cost of cryptocurrencies "keeps on air" and advised Facebook and other issuers to obtain bank licenses and to work within bank regulation. About it he wrote to Twitter on July 12. "I am not an admirer of bitcoin and other cryptocurrencies, it is not money, and their cost is very volatile and keeps on air", − the American leader emphasized. According to Trump, cryptocurrencies without regulation promote illegal operations, including in the sphere of drug traffic. "In the same way the virtual currency of Facebook Libra will be unstable and unreliable. If Facebook and other companies want to become bank, then they have to request the new bank license and become subject of all banking legislation as other banks", − were added by the U.S. President. "We have only one real currency in the USA, and it is strong, more than ever, stable and reliable. Moreover, it is the most dominating currency in the world and it will always be such. It is called dollar of the United States!" − Trump summed up. Libra is cryptocurrency which is developed and operated by the Swiss fund and consortium of the companies led by Facebook. According to media, the product already got support of Visa, Mastercard, PayPal, Uber, eBay, Farfetch and other companies. It is expected that start of Libra at the global level will take place in the first quarter 2020, at the end of 2019 testing will begin. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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