I am not sure they can stop it.
It is technically being released by the Libra Foundation, which is owned in part by Facebook. This is based in, I believe, Switzerland. There are other companies involved as validators for the network meaning, I presume, it will be global in nature.
Thus, I think the fact they are backing it with the USD appeases the EU regulators meaning they can release it there and the spread it.
It will be interesting to see how much resistance is put up especially by the US. Who knows, maybe the idea of Libra being an alternative to the Chinese CBDC is enough to get the US on its side.
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Maybe to compete with China.. but really I don't think the US government will let something out that they can't control.. although Zuckerberg could be in bed with the government... actually that would make sense
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It will be interesting.
I am of the belief that Zuckerberg feels is he untouchable including from the US government. Big tech is getting so strong that they can do what they want. After this election season, it is obvious they are not scared at all.
They went after the right but I am certain they will turn on the left when it suits them and eat them up too.
They are quickly becoming bigger than governments and they know it.
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