A coalition of privacy, civil rights and public interest groups sent a letter of concern about Facebook’s plan to introduce a digital currency.
The groups say Facebook’s new cryptocurrency raises “profound questions about national sovereignty, corporate power, consumer protection, competition policy, monetary policy, privacy and more.”
“The U.S. regulatory system is not prepared to address these questions. Nor are the regulatory systems of other nations or international institutions.”
More here: https://www.wnd.com/2019/07/coalition-calls-on-congress-to-torpedo-facebook-currency/