Libra, the new Facebook cryptocurrency has been greeted with hostility by members of the Senate banking committee yesterday.
David Marcus, Facebook executive assured members of the Senate that Libra would not be launched until regulatory concerns have been "fully addressed".
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Members of the Senate’s banking committee grilled the Facebook executive David Marcus on Tuesday on the company’s privacy and security plans for Libra, a proposed digital currency that would allow Facebook’s billions of users to make financial transactions across the globe.
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