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Wednesday, 16 October 2019

Facebook’s Libra ‘cryptocurrency’ is turning into a soap opera — and it’s gonna be a long season


Facebook’s controversial ‘cryptocurrency’ project is turning into a bit of a soap opera, starring the tech giant and regulators as the main characters. Just yesterday, Germany’s finance minister Olaf Scholz said the departure of several high-profile partners from the project was a good sign, but unsurprisingly the Libra Association had a different take altogether. The Association, which just this week managed to get 21 organizations to sign its membership charter, took to Twitter to defend itself. We’ve said from the beginning that Libra shouldn’t and wouldn’t launch without the appropriate regulatory oversight and addressing legitimate concerns. Every time someone agrees with us, it…

This story continues at The Next Web

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