[manicdee]

This legislation is clearly aimed at Apple. Today Apple Pay and a Goldman Sachs credit service. Tomorrow a credit card offering if their own to compete with other Eurocard/Visa/MasterCard services.

There’s a lot of money on the line.

[klez]

> This legislation is clearly aimed at Apple.

Really? Because I was under the impression that they're more worried about companies minting "currency".

[manicdee]

I guess it’s a bit hard to accurately target the legislative equivalent of a nuclear bomb.

[umeshunni]

It seems to be clearly aimed at Facebook.

[manicdee]

Facebook is only establishing an alternative currency, which major banks will be participating in if it gets off the ground.

Libra is not a threat as long as Facebook plays well with regulators and various nations’ tax offices. In addition, Libra will be run by a spin-off company, not directly by Facebook.

Apple is potentially going to cut EMV out of the loop.