Facebook CEO Mark Zuckerberg has tried to reassure sceptical US lawmakers over the safety of the social network’s proposed digital currency Libra.
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Is $5 billion fine least painful part of Facebook’s settlement?
US regulators are expected to unveil Wednesday a settlement with Facebook — a reported $5 billion fine that might be the least painful part of the agreement for the social network. The deal, which follows a lengthy investigation by the…
Libra: Facebook’s new currency fails the Hayek test
by Peter Bofinger Libra means ‘balance’ in Latin. But Peter Bofinger argues that Facebook’s proposed cryptocurrency would be highly risky for holders and a giant enrichment programme for the company. Facebook’s idea of issuing its own cryptocurrency has met strong…