Perennially responsible company Facebook announced its intention to launch its own cryptocurrency, called Libra, less than two months ago. In that time a raft of U.S. government bodies have told Facebook in no uncertain terms to knock it the hell off, including:
Facebook’s new digital currency, Libra, has the potential to be worse than the September 11 attacks. At least that’s what U.S. Democratic Congressman Dril (sorry, Congressman Brad Sherman) of California said today at a House Committee on Financial Services Hearing in Washington.
Facebook and 27 other partner companies formally announced this morning they plan to launch a digital currency called Libra in the first half of 2020. And if they pull it off, Libra could become the standard digital currency around the world.