Facebook’s Cryptocurrency Project Faces Congressional Scrutiny

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Members of the Senate Banking Committee expressed skepticism Tuesday about Facebook’s plan to launch a digital currency called Libra. David Marcus, who heads Facebook’s blockchain subsidiary called Calibra, said the currency will build a “more inclusive financial infrastructure” and enable people to move money cheaply and safely. But lawmakers voiced concerns about consumer security, given … Continue reading Facebook’s Cryptocurrency Project Faces Congressional Scrutiny

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