Crypsa, Cryptocurrency Standards Assoc.

In our opinion, Libra is a Digital Currency, since it belongs to one company, and is not managed with a true blockchain, yet mainstream media calls it crypto... and it is a competitor to Bitcoin and other true cryptocurrencies. As always, we are free to choose our monetary preference.

But will governments and organizations actually cooperate to fight Cryptocurrency crime?

True Cryptocurrency could soon be overcome by the flood of bank controlled digital money, and the paradox of centralized blockchain-like databases. .

Cryptocurrency controls are not going to be easy to implement, I think.

If a Digital Currency is centralized, it is not a true Cryptocurrency and is similar to the "company coins" many businesses give their customers. And if a Central Bank creates a digital currency, it is simply another format of fiat currency which would now be available as cash (coins and paper), bank debits and credits, and whatever digital money model the Central Bank creates for the country. Moneda Digitalizada que este centralizada por un comercio, empresa o banco no es mas que una promesa de pago del negocio, empresa, banco o gobierno. No te dejes confundir cuando te digan que es igual o mas seguro que el Bitcoin.

Bitcoin was designed to be peer-to-peer, and no third party. That is basic.

This seems to be more than what the IRS is taxing at this time.

Less Cash, more digital moneys... and it seems to be a worldwide phenomenon.

Interesting initiative, but who will trust a Chinese led cryptocurrency?

This is a critical step for restricting the presence of bad actors in the cryptocurrency industry.

Criminals hide behind honest people and have blocked all efforts to create global standards for Bitcoin self-regulation. That is why governments and FinCen are so strict with all cryptocurrency innovations..

Don't get too excited, please. These are putely local depositary institutions, accedpting deposits and holding funds but with no interstate nor international commercial services because of federal restrictions.. all in all, I would conclude this is an experiment the state is trying out.

Common, Community supported standards are still a possibility.

This is much needed info to comply with USA anti money laundering regularions, for all sorts of money services, including CryptoCurrency exchanges and other online services dealing with CryptoCurrency and other digital money.

Cryptocurrency does not have as much public trust as the US dollar, and in times of crisis people tend to focus on the coin they trust the most.

This report is a reflection of how so many different strategies are called "Blockchain" or "Cryptocurrency" without meeting the Satoshi Standards of Equality, Transparency, Freedom, and Privacy. If someone else is controlling your entry, there is no Freedom nor equality. If cou can't see all the transactions all the time, there is no Transparency. And if you can't act without a third party confirming your ID, there is little privacy. My suggestion: verify it is a real blockchaing (and beware of your bank's and IBM's and government's offerings that are controlled by centralized computer systems.

This is not cryptocurrency: just another centralized digital coin...