The Currency Analytics

Tencent QQ Coin – Facebook Libra – Though Different Have Similar Ramifications

By Dan Saada

The US wants to identify those who have downloaded cryptocurrency applications via Google, Microsoft, and Apple.

Crypto Tax Girl tweeted:  “I recently got hold of a presentation given to special agents in the IRS Criminal Investigation division that discussed investigating taxpayers…

This might be one of the approaches used by the IRS to ensure that their Citizens are making accurate tax filings.

QQ coin will be out long before the Libra from Facebook.  While Libra is expected to change the economic system, it is as well expected for it to Wreak Havoc on the smaller…

Tencent launched their QQ coin way back in 2005, and they are available to date.  This is being used to measure a significant portion of the underground economy of China.

Vili Lehdonvirta stated, “[Their] story illustrates a key challenge with virtual economies.”  The professor further added, “Forces arising from the participants’ economic…

Many opine that Facebook, the social media giant is already late to the party.  The basic premise of digital money continues to be the same, just like it was decades ago.

In January 2007, the Central Bank of China declared a crackdown on the QQ coins fears that it might facilitate money laundering.

Libra is different from QQ coin in several ways; however, their ramifications are the same.

Pony Ma, Tencent CEO, stated, "The technology is already mature, it's not difficult," he further wrote. “It depends more on whether the regulations allow it.”

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