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US Senators Seek Information on Facebook’s ‘Libra’ Crypto Project

From coindesk.com

The U.S. Senate Banking Committee is clearly concerned about Facebook’s new cryptocurrency project and how it is treating individuals’ financial information. The banking committee wrote an open letter to Facebook founder and CEO Mark Zuckerberg Friday, asking him to share details about its secret cryptocurrency project, with a particular focus on consumer privacy. “Last year, Facebook asked U.S. banks to share detailed financial information about consumers,” the letter says: “In addition, privacy experts have raised questions about Facebook’s extensive data collection practices and whether any of the data collected ... (full story)

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