"No. I really think that a currency should stay in the hands of countries. I'm not comfortable with the idea of a private group setting up a competing currency," Cook (pic) said. "A private company shouldn't be looking to gain power this way."
PARIS: Apple Inc Chief Executive Tim Cook has weighed in against launching anApple cryptocurrency, saying in remarks published on Thursday that companies should not be trying to gain power by establishing competing currencies.
Three months ago, Facebook announced plans to launch a digital currency in June 2020, in partnership with other members of the Libra Association set up by the U.S. tech giant to manage the project.
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