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Donald Trump: „If Facebook and other companies want to become a bank, they must become subject to all banking regulations”

12 iulie 2019

The U.S. president has a new comment about cryptocurrencies saying his is not a fan and invites Facebook to become a subject of banking regulations if they want to provide banking services.

„I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.

Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. 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.

We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”

Followers don’t hesitate to react on Trump’s twitt.

„Mr President, I would respectfully request that you educate yourself and your staff thoroughly and properly on crypto currencies and blockchain technology before jumping to conclusions. I am confident that you will see the huge advantages to our country!”, said Matt Jennings, founder and CEO of Kingdom Trust, a company specialized in custody solutions for digital assets and alternative assets.

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?