Facebook’s virtual wallet for yet-to-be-minted Libra digital coins was renamed “Novi” on Wednesday.
Tag: Libra
Privacy watchdogs warn Facebook over Libra currency
Global privacy regulators joined forces Tuesday to demand guarantees from Facebook on how it will protect users’ financial data when it launches its planned cryptocurrency, Libra. The watchdogs from Australia, the US, EU, Britain, Canada and other countries issued an…
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…