Facebook’s currency plan gets hostile reception in Congress

Credit to Author: ggaviola| Date: Tue, 16 Jul 2019 22:52:31 +0000

Facebook's currency plan gets hostile reception in Congress

WASHINGTON – Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network’s ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users’ data.

The post Facebook’s currency plan gets hostile reception in Congress appeared first on Inquirer News.

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Facebook’s New Cryptocurrency Libra Is Already Under Fire From Lawmakers

Credit to Author: Jordan Pearson| Date: Wed, 19 Jun 2019 12:11:46 +0000

US Rep. Maxine Waters called for a moratorium on Libra development until Congress can review the situation, joining a chorus of lawmakers in the US and EU expressing concern with the project.

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