Will Facebook's Libra Coin Be Regulatory Gauntlet?

  • 5 years ago
According to Reuters.com, "Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year..." Barry Lynn, executive director of antitrust advocacy group the Open Markets Institute, stated, “It’s a complete disaster from a regulatory perspective. This is a corporation that’s got fires all over the world with regulators. It’s only going to get worse.”

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