To day’s papers carry following news :
Highlights :
# A Facebook spokesperson said that " There are no plans to offer Calibra in India,"
"As you may know, there are local
restrictions within India that made a launch of Calibra
not
possible at this time."
reported Bloomberg.
# Indian government has made sure that Libra does not see the light of day
in India, and
now
the social giant has confirmed that it has no plans of launching its crypto
project in
India.
“ Calibra will respect
the legislation “, Alexander Voica, a Facebook representative in London said by
telephone.
“ But , we
are looking to work with regulators to see
if the legislation can be updated “
India is Facebook’s
largest market where the networking giant is already preparing for a
countrywide roll-out of its WhatsApp
payment service , which has
been in a year long pilot restricted to one million users.
Facebook has had discussions with various governments on both the Libra cryptocurrency and the Calibra
digital wallet.
“The Libra Association is
speaking to potential partners from around the world,” said Voica without
specifying whether it was speaking to the Indian government or with partners in
the country. “
The blockchain project has
multiple uses in smart contracts, supply chain management and so on - it’s not
just for cryptocurrencies .”
==========================================
Madam Sitharamanji,
Could
WhatsApp payment service “ morph “ into Calibra, once it is granted permission
for all India roll out ?
======================================================
11 July
2019
Rsvp : hcp@RecruitGuru.com
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