Regulators Express ‘Concern’ Over Big Tech Global Currency


The latest  on Libra in the news :

“Libra, the controversial stablecoin that Facebook hopes to launch as part of its financial platform called Calibra, domiciled in Switzerland, set off a firestorm in July when US lawmakers grilled the company’s head of blockchain, David Marcus, at two consecutive hearings to determine how Libra would operate and how much it would challenge the US dollar’s monopoly on money… …Waters expressed her ongoing reservations in an official statement issued on Sunday. ‘While I appreciate the time that the Swiss government officials took to meet with us, my concerns remain with allowing a large tech company to create a privately controlled, alternative global currency. I look forward to continuing our Congressional delegation, examining these issues, money laundering, and other matters within the Committee’s jurisdiction.'”

Master Asked on August 26, 2019 in Cryptocurrency.
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