Facebook on Tuesday announced the Bitcoin rival it has been developing for the better part of a year: Libra. From the start, Facebook insisted on how secure Libra would be, and on the fact that a subsidiary called Calibra will be in charge of Libra, and that a Libra Association would oversee the Libra blockchain.
It’s as if Facebook wanted to ensure everyone ahead of Libra’s 2020 launch that the coin won’t be another way for the company to make money off of its customers by collecting even more personal data from them. We told you before the announcement that you should avoid Libra at all costs until Facebook proves it can be trusted with our privacy. But now that Libra is official, it’s already facing opposition out of Europe.
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Facebook’s Libra coin isn’t even out yet, but it’s already facing opposition in Europe originally appeared on BGR.com on Tue, 18 Jun 2019 at 16:20:13 EDT. Please see our terms for use of feeds.
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