GERMANY LED WAR AGAINST CRYPTO CURRENCIES


19/09/2019




Serhat TUNAR -TDO- The German government has waged war against crypto currencies that private companies could form in the future as an alternative to state currencies.

Behind this decision, in particular, described by Facebook 'libra' crypto currency initiative is said to be named.

Unlike the crypto currencies previously released on the market, based on the real capital of large companies and planned to be controlled by international organizations, the Libra is expected to pose a serious threat to currencies such as the dollar and the euro is extremely difficult to control by the state.

Created to eliminate the instability of the weak side of Bitcoin and other crypto currencies, the Libra is expected to rival real currencies and pose security risks after a while.

The German government believes that block chain technology is necessary and useful for the digital future and says that measures should be taken as soon as possible to counter the risks posed by new technologies.


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