Groups Urge Facebook’s Partner to Walk Away From Libra
Facebook’s 27 Libra partners should walk away, consumer advocates wrote Thursday, citing money-laundering, privacy and terrorism concerns. Open Markets Institute, Public Citizen, Demand Progress Education Fund and Revolving Door Project signed. “Private currencies endanger sovereign power,” OMI Chief of Staff…
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Laura Hatalsky said. “Unless we want to be pledging allegiance to Mark Zuckerberg, the Libra project needs to be put to an end.” Facebook didn’t comment. This week saw two congressional hearings on Libra (see 1907170058).