Binance CEO Bashes Libra On Twitter, Saying Baskets Won’t Work

Binance CEO tweeted: “Baskets won’t work for many reasons. Facebook could 1, accept the top 10 cryptos to get users and regulators warmed up, then slide in Libra. Or 2, geofence opposing regions, including US, to get started. Or 3, say “Libra doesn’t care” and push on.”
As previously reported, speaking at a banking seminar, co-creator of Libra David Marcus said that Facebook could consider dropping the currently planned “synthetic” stablecoin – Libra – which is to be pegged to a basket of fiat currencies and government bonds – and instead issue a number of individual coins pegged to national fiat currencies such as the dollar, pound, and euro.

Author: razeiv
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