Facebook’s currency plan gets hostile reception in Congress
Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network’s ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users’ data.
Facebook’s new currency plan is under scrutiny in Congress
Facebook’s ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it’s shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve.
Facebook plans its own currency for 2 billion-plus users
Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too.