Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn

Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn

5 years ago
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https://techcrunch.com/2019/08/05/libra-facebooks-global-digital-currency-plan-is-fuzzy-on-privacy-watchdogs-warn/

Privacy commissioners from the Americas, Europe, Africa and Australasia have put their names to a joint statement raising concerns about a lack of clarity from Facebook over how data protection safeguards will be baked into its planned cryptocurrency project, Libra.

Facebook officially unveiled its big bet to build a global digital currency using blockchain technology in June, steered by a Libra Association with Facebook as a founding member. Other founding members include payment and tech giants such as Mastercard, PayPal, Uber, Lyft, eBay, VC firms including Andreessen Horowitz, Thrive Capital and Union Square Ventures, and not-for-profits such as Kiva and Mercy Corps.

Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn

Aug 5, 2019, 7:36pm UTC
https://techcrunch.com/2019/08/05/libra-facebooks-global-digital-currency-plan-is-fuzzy-on-privacy-watchdogs-warn/ > Privacy commissioners from the Americas, Europe, Africa and Australasia have put their names to a joint statement raising concerns about a lack of clarity from Facebook over how data protection safeguards will be baked into its planned cryptocurrency project, Libra. > Facebook officially unveiled its big bet to build a global digital currency using blockchain technology in June, steered by a Libra Association with Facebook as a founding member. Other founding members include payment and tech giants such as Mastercard, PayPal, Uber, Lyft, eBay, VC firms including Andreessen Horowitz, Thrive Capital and Union Square Ventures, and not-for-profits such as Kiva and Mercy Corps.