Since Facebook unveiled Libra, a planned cryptocurrency initiative, two weeks ago, the company has been slammed by critics. From lawmakers and economists to financial regulators and consumer groups, virtually all are worried that Facebook’s crypto could impinge on privacy and facilitate financial crimes. On July 3, David Marcus—head of the Libra project—addressed a few “misunderstandings” about Libra in a Facebook post. Read More...
Russia is strangely calm about Facebook’s cryptocurrency
Since Facebook unveiled Libra, a planned cryptocurrency initiative, two weeks ago, the company has been slammed by critics. From lawmakers and economists to financial regulators and consumer groups, virtually all are worried that Facebook’s crypto could impinge on privacy and facilitate financial crimes. On July 3, David Marcus—head of the Libra project—addressed a few “misunderstandings” about Libra in a Facebook post.
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