Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    FHFA Directs Crypto Inclusion in Mortgage Assets

    GameStop Secures $2.7B for Bitcoin Treasury Expansion

    Senator Lummis Proposes U.S. Strategic Bitcoin Reserve Act

    Senator Lummis Reintroduces BITCOIN Act for U.S. Reserve

    ProCap Acquires $125M in Bitcoin for Treasury

    ProCap BTC Acquires $125M in Bitcoin for Treasury

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Invesco and Galaxy Digital File Spot Solana ETF

    Invesco and Galaxy Digital File for Spot Solana ETF

    Invesco and Galaxy Digital File for Spot Solana ETF

    Invesco, Galaxy Digital File for Solana ETF with SEC

    Invesco, Galaxy Digital File for Spot Solana ETF

    Invesco and Galaxy Digital File for Solana ETF Approval

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Libra is ‘Inescapable’—French Billionaire and Investor Xavier Niel

Tony P. by Tony P.
October 11, 2019
in Altcoin News, Latest News
Xavier Niel

Libra—the Facebook-allied cryptocurrency that has been riddled with controversy, is ‘inescapable’ and here to stay. This is according to a French tycoon Xavier Niel, who is also the founder of telecoms group Iliad. The Libra enthusiast said that Libra is “inevitable” and “will exist” just as more than 1000 other cryptocurrencies exist in the market.

All along Libra has met heavy opposition to its proposed launch, coming from the United States Security and Exchange Commission (SEC) as well as some European nations. However, the French billionaire lauded the Facebook-allied stablecoin.

Through his column in a French financial newspaper Les Echos, the Libra enthusiast emphasized that denying Libra access to the crypto market would not benefit anyone.

He wrote:

“With Libra, payments will be much more direct, interpersonal and fast.” He further added that Libra coin would eradicate intermediaries that impact costs and the monopoly often imposed by banks.

Niel Defends Libra

Xavier Niel, who has an estimated net worth of $3.9 billion, defended the Libra project, saying it was reliable and “data protection is guaranteed.” He noted that the fight against money laundering as well as financing of terrorism belongs to everyone. The billionaire emphasized that even if the concerns about Libra are legitimate, they need answers without prohibiting or measuring the benefits for all.

Part of Niel’s statement reads:

“Libra is a reliable project, constructive, demanding and consistent with the interests of our country. This is not the currency of Facebook but the currency of actors who have gathered around a great idea, with a democratic governance, a real co-construction and a European dimension. Data protection is guaranteed.”

In September, France reiterated its position to stop the progress of Libra in Europe. Through her finance and economy minister Bruno Lee, the country believes Libra threatens the “monetary sovereignty” of governments. Earlier, the minister had said that Libra “must not happen” and is out of the question to become a sovereign cryptocurrency.

Tags: FranceLibraLibra cryptocurrencyXavier Niel
Previous Post

Cryptohopper Introduces Market Making and Exchange Arbitrage

Next Post

BiboxEurope to Launch GBP Trading Pairs on October 14

Tony P.

Tony P.

Related Posts

Invesco and Galaxy Digital File Spot Solana ETF

by Solomon M.
June 26, 2025

Invesco and Galaxy Digital have filed to launch a spot Solana ETF, engaging major institutional interest.

Invesco and Galaxy Digital File for Spot Solana ETF

by Solomon M.
June 26, 2025

Invesco and Galaxy Digital have filed with the SEC for a spot Solana ETF under the ticker 'QSOL'.

Invesco and Galaxy Digital File for Spot Solana ETF

by Joshua T.
June 26, 2025

Invesco and Galaxy Digital seek SEC approval to launch a spot Solana ETF in the U.S.

Invesco, Galaxy Digital File for Solana ETF with SEC

by Solomon M.
June 26, 2025

Invesco and Galaxy Digital initiate filing for a spot Solana ETF, aiming for U.S. market inclusion.

Invesco, Galaxy Digital File for Spot Solana ETF

by Solomon M.
June 26, 2025

Invesco and Galaxy Digital file for a spot Solana ETF, marking a potential expansion in institutional Solana investments.

Invesco and Galaxy Digital File for Solana ETF Approval

by Solomon M.
June 26, 2025

Invesco and Galaxy Digital have filed with SEC to launch a spot Solana ETF, marking significant crypto market developments.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.