Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary | Crypto Craft

  • Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary

    From cnbc.com

    Facebook will announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information. About a year ago, the company appointed former PayPal executive David Marcus to begin exploring opportunities with blockchain, the technological underpinning for cryptocurrency. Since then, several outlets have reported that the company has been building its own digital currency, which users will be able to store, trade, and exchange for regular currency, in part through Facebook apps including Messenger and ... (full story)

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TMR
Jun 6, 2019 5:49am
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CFTC chairman Christopher Giancarlo said the agency held “very early stages of conversations” with Facebook. The goal was to better understand if the firm’s crypto stablecoin could potentially fall under the CFTC’s regulatory remit.
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