The chair of the U.S. House Financial Services Committee said on Sunday she remained concerned about Facebook’s plans for a digital currency after meeting the government officials in Switzerland that Facebook has said will regulate it. “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. Facebook is trying to get Washington on its side after the social media company shocked regulators and lawmakers with its announcement in June that it was hoping to launch a new digital coin called Libra in 2020.

source https://in.finance.yahoo.com/news/u-lawmaker-says-still-concerned-040643593.html?.tsrc=rss