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We Must Not Let Zuckerberg Become a Central Bank: European MP

We Must Not Let Zuckerberg Become a Central Bank: European MP



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  1. Zuck fucked up when he decided to make the zuck buck a basket of currencies, essentially pissing off every country at the same time. Had he gone with a digital dollar pegged 1 to 1 he would have already become a bank by now.

  2. tldr; European Parliament members are trying to give the European Central Bank (ECB) more regulatory power over new cryptocurrencies and stablecoins. “We must not let [Mark Zuckerberg] become a Central Bank,” a European Parliament member said. Facebook’s Diem stablecoin project has spooked lawmakers, who see it as a potential threat to the fiscal status quo.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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