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Lawmakers Pushback On Facebook's New Cryptocurrency



On Tuesday social media giant Facebook announced plans to create a new cryptocurrency and the pushback has already begun. Business Insider reports that in the US, senior Democratic politicians are calling for careful oversight or for the project to be put on hold completely while they investigate. And European politicians are also raising concerns. The cryptocurrency would be called Libra, and aims to be a blockchain-powered global currency that will allow users to send money and make payments around the world.
https://www.businessinsider.com/libra-us-lawmakers-demand-scrutiny-facebook-blockchain-currency-plan-2019-6
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