Members of US Congress demanding Facebook put Libra on hold198

Four members of the House of Representatives sent a letter to Facebook calling for an immediate moratorium on its cryptocurrency Libra, saying both regulators and Congress needs more time to investigate the risk it could pose to the global economy.

Regulator’s distaste for Facebook’s Libra has grown significantly in the past couple of weeks. And while the backlash against the controversial cryptocurrency project has been significant, now a few members of Congress have decided to take the matter into their own hands and put a hold on Libra.

Original source

Add comment

Please Sign in to be able to leave comments.