[ad_1]
Concerns about the digital currency Libra are getting new momentum.
Even Facebook itself now has doubts, according to a letter to the US Securities and Exchange Commission on the launch of the Libra cryptocurrency project, which thus warns investors against exaggerated expectations.
display
Buying Bitcoin is quite complicated and takes time.
"
Here you can easily buy and sell Bitcoins
The social media giant Facebook indicates in its second quarter report to the Securities and Exchange Regulatory Commission (SEC) that the Libra digital currency, scheduled for 2020, could be launched much later, if at all, because "significant" regulatory barriers. The Libra Association, which has 28 companies, is based in Geneva.
There can be no assurance that Libra or related products such as the Calibra Portfolio will mature into the market, the report said. Facebook also said that the group had no "significant" experience with cryptocurrency and blockchain technology, which made it difficult to develop and market such products.
As a result, the Internet giant warns investors that the associated investments might not be successful and have a negative impact on the bottom line.
sta / tp
Zurich (awp)
[ad_2]
Source link
