Post
Topic
Board Altcoin Discussion
Topic OP
US senators wants to know why Facebook wants crypto
by
Tipstar
on 11/05/2019, 06:51:26 UTC
The US Senate banking committee wrote a letter to facebook questioning about the nature and legality of it's cryptocurrency project code named Libra.
https://www.banking.senate.gov/imo/media/doc/5.9.19%20Facebook%20Letter.pdf

They essentially asked whether it would enable users to have privacy and would make it harder for the government to monitor every personal and financial moves of people in the US and around the world.