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Facebook's Libra cryptocurrency attacked at Senate hearing

Credit: BBC News- Published on July 16, 2019
The tech giant's Libra digital currency is attacked by senators who say the company is not trusted.
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Credit: Wochit News
Published on July 17, 2019 -  00:32
Who Will Regulate Facebook Crypto Currency?
Business Insider reports that David Marcus, head of Facebook's cryptocurrency Libra, testified in front of the Senate on Thursday. Marcus stated that the Libra Association will oversee Libra and be headquartered in Switzerland. He said will be regulated by the Swiss Federal Data Protection and Information Commissioner (FDPIC). But the FDPIC says it has not been in touch with Facebook.

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