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Facebook’s digital currency under fire again | CNBC

Facebook’s digital currency under fire again | CNBC

Facebook announced “Project Libra” in June, that has faced great criticism by bankers, financers, and lawmakers. The project was meant to incorporate a new form of digital currency, but now privacy regulators are just as concerned as everyone else. Project Libra seems to involve vast reserves of personal data including financial information that will not be properly secured. With the possibility of this leading to finance terrorism, the project is thankfully under harsh scrutiny from multiple countries.

Source: https://www.cnbc.com/2019/08/06/facebook-libra-crypto-plans-under-fire-from-privacy-regulators.html

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