Cryptocurrency Q&A
Why was Libra shut down?
Why was Libra shut down?
Margherita
Sat Oct 26 2024
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7 answers
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I heard that Libra, which was once hyped as a revolutionary cryptocurrency project, has been shut down. I'm curious about the reasons behind its closure. Could it be regulatory issues, technical problems, or something else entirely?
7 answers
Raffaele
Sun Oct 27 2024
National security is another area of worry, as the committee fears that Libra could be used for illicit activities.
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KatanaBlade
Sun Oct 27 2024
The United States has shown a regulatory response to recent developments in the cryptocurrency sector.
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CryptoAce
Sun Oct 27 2024
Specifically, the U.S. House Committee on Financial Services has taken notice of Facebook's Libra project.
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EchoWhisper
Sun Oct 27 2024
Trading concerns have also been raised, with worries about market manipulation and the potential for Libra to disrupt traditional financial markets.
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Riccardo
Sun Oct 27 2024
Additionally, the committee is concerned about the impact of Libra on monetary policy, fearing that it could undermine the effectiveness of current economic strategies.
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