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I think India, or most other countries, will deem facebook coins an exception. It's probably being negotiated right now.
by stOneskull 7y ago
I think India, or most other countries, will deem facebook coins an exception. It's probably being negotiated right now.
- Abishek_Muthian 7y agoFacebook's 'Free Basics' didn't work in India in spite of negotiations and even 'hugging'[1]. [1]:https://www.google.com/search?q=Zuckerberg+hug+modi&prmd=niv&source=lnms&tbm=isch&sa=X&ved=0ahUKEwi4s6n49fTiAhVbVisKHVeJA6YQ_AUIFCgC&cshid=1560925860080&biw=412&bih=676&dpr=2.63 https://www.google.com/search?q=Zuckerberg+hug+modi&prmd=niv...
- mayankkaizen 7y agoIndian central bank (RBI) is rather conservative and cautious. Also, its policies don't always agree with that of indian government. I have a strong hunch it just wouldn't let Libra be legal currency. Besides, given that currently government is run by a ulta right wing party, so it might be possible they wouldn't agree to Facebook plans.
- ForRealsies 7y agoName me a central bank that isn't opposed to currency they cannot influence.