U.S. lawmaker says still concerned about Facebook cryptocurrency after Swiss meetings

FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/File Photo

“While I appreciate the time that the Swiss government officials took to meet with us, my concerns remain with allowing a large tech company to create a privately controlled, alternative global currency,” Congresswoman Maxine Waters said in a statement. Policymakers and financial watchdogs at home and abroad are concerned about the effect of widespread adoption of Libra by Facebook’s 2.38 billion users on the global financial system.

Waters met representatives from Switzerland’s State Secretariat for International Financial Matters, the Federal Data Protection and Information Commissioner, the Financial Market Supervisory Authority, and Swiss legislators.

italianewssport

It's a good idea. Therefore it's quite scary to our lawmakers.

Centralized. 😐

and WTF is Maxine Waters doing running this show (blah blah she's a chair head)? this women doesn't know up from down much less blockchaintechnology

Cryptocurrencies will make it impossible for Central Banks to apply monetary policies ... in a way, they have already begun

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Facebook's key partners on its cryptocurrency Libra are refusing to publicly support itIn the face of a major regulatory backlash, most of the companies Facebook signed up on its ambitious cryptocurrency project are staying silent. die in a fire reptiles It’s a really dumb idea. No one can trust that weasel Zuckerburg
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