Post
Topic
Board Altcoin Discussion
Re: US senators wants to know why Facebook wants crypto
by
niisarearning
on 12/05/2019, 13:48:54 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.
How it will be harder for the government to monitor personal and other moves blockchain all about transparency no were they mentioned they are going to introduce privacy coin or ananymous coin . Still people doesn’t understand crypto currency and blockchain