Editor's Note: This article comes from cryptoinsider, Translator: Cha LiangBenjamin Pirus, Translator: Cha Liang
Editor: Lu Xiaoming
Editor: Lu Xiaoming
Facebook is in full swing to find funding for its previously announced plan to issue stablecoins, with the first goal of $1 billion. cryptoinsiderAccording to foreign blockchain mediaReported April 8, New York Times reporter Nathaniel Popper April 8tweet
Said, “A source revealed that Facebook is currently seeking venture capital firms to invest in its cryptocurrency project. I heard that their goal is very large, up to $1 billion.”
In the early hours of March 1, the New York Times broke the news that Facebook is expected to issue coins in the first half of 2019, and has discussed the listing of coins with virtual currency exchanges. Facebook revealed to the exchange under negotiation that this currency will be used for Facebook’s communication tool WhatsApp, allowing users to freely transfer money in the chat app, and also allowing its users to transfer funds like ViMo (Vietnam’s leading mobile payment platform) or Paypal (Global Online) Payment Service Provider) for international money transfers. Moreover, Facebook Coin will be anchored to a variety of legal currencies, including US dollars, euros, etc.
Popper said that the biggest feature of the blockchain is decentralization, which helps companies "decentralize power". External investors can help Facebook make its stablecoin issuance more decentralized instead of being controlled by Facebook itself. In addition, Popper believes that Facebook is discussing using this money as collateral for Facebook Coin.
Additionally, Popper noted that an Internet giant like Facebook would seek outside investment, which he thinks "sounds interesting."
The tweet posted by Nathaniel Popper immediately attracted a lot of onlookers and comments from "people who eat melons".
A netizen named "Jamie Burke" on Twitter said that Facebook's upcoming Facebook Coin may not be approved by the SEC (US Securities and Exchange Commission) for the first ICO No Objection Letter ('No-Action' Letter).coindeskOdaily Note: According to
As reported on April 3, the SEC issued its first ICO no-objection letter (no action). In the letter, the SEC Department of Finance stated that, based on the facts presented, TKJ (TurnKey Jet, Inc.) offered and sold tokens without registration under the Securities Act and the Exchange Act if, based on the attorney’s opinion, the tokens were not securities , the Department will not bring enforcement action to the Commission, provided that the company uses its forthcoming tokens under certain conditions.
A Twitter user named Udi Wertheimer jokingly assumed that putting money into a virtual currency pegged to the U.S. dollar would not be considered an “investment.”
