Facebook a few weeks ago unveiled its Libra digital coin and blockchain endeavor, a product meant to significantly reducing the remittance fees and waiting time when people exchange money on Facebook. The company created a spinoff to handle the Libra coin payments, as well as a body that would oversee the cryptocurrency. At the same time, Facebook tried to make it clear that whatever data it collects for Libra will not be associated with the information it hoards for advertising purposes.
Facebook’s Libra was met with harsh criticism from politicians right out of the gate, and Donald Trump is the latest to weigh in. The president took to his favorite social media site to say he’s not a fan of Bitcoin or Libra, focusing on the latter while demanding regulation and oversight.
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Trump bashes Bitcoin and calls for regulation of Facebook’s Libra cryptocurrency originally appeared on BGR.com on Fri, 12 Jul 2019 at 10:30:44 EDT. Please see our terms for use of feeds.
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