G7 Adds to Facebook’s Woes Following its Scheduled Hearing in Congress

A G7 special task force is being deployed to look into the details of Libra, the new cryptocurrency developed by Facebook, Reuters reports.

As expected, the task force will take a cursory look into Libra and its operation, while also working to develop regulatory guidelines for other cryptocurrencies. France is spearheading this offensive, which would look into the risks of Facebook’s unchecked expansion into cryptocurrency.

Original source

Add comment

Please Sign in to be able to leave comments.