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ARTICLE · 23 JULY 2019

David Against Goliath – Libra vs Central Banks: Who Will Win?

Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment,

CyprusTechnology

Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination – did I miss any?

Libra is without a doubt the most recent exciting announcement in the crypto space which has prompted responses and opinions amongst every single player, observer and competitor in the market from lawyers, government authorities, merchants, banks, consumers and crypto exchanges, each perspective and opinion naturally being a product of its own self-projection in relation to the potential effect it will have on them.

Now that the level of panic behind banking scenes and government authorities has reached the level where EU institutions, such as ESMA, are publishing DLT reports and Advice reports about crypto assets and the US Senate and high level Committees are sending official letters to Facebook to halt operations, are we approaching a

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