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Will Facebook's Libra Coin Be Regulatory Gauntlet?

Credit: Wochit
Published on June 29, 2019 - Duration: 00:31s

Will Facebook's Libra Coin Be Regulatory Gauntlet?

According to Reuters.com, "Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year..." Barry Lynn, executive director of antitrust advocacy group the Open Markets Institute, stated, β€œIt’s a complete disaster from a regulatory perspective.

This is a corporation that’s got fires all over the world with regulators.

It’s only going to get worse.”

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