US Senators label Facebook Libra "delusional" and "crazy"

By
Follow google news

Trust deficit bites.

US Senators label Facebook Libra "delusional" and "crazy"
US Senators from across the political spectrum have said that Facebook's track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labelling the plan "delusional" and "crazy" at a hearing. Facebook's plan to launch its 'Libra' cryptocurre...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
cryptocurrencyfacebookfinancial serviceslibra

Sponsored Whitepapers

5 reasons to adopt a mobile first security strategy
5 reasons to adopt a mobile first security strategy
Uncomplicate IT Service Delivery with AI Agents
Uncomplicate IT Service Delivery with AI Agents
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Fintech compliance made fast and secure
Fintech compliance made fast and secure
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide

Events

Most Read Articles

IAG prepares integration engineering for AI

IAG prepares integration engineering for AI
Police Bank CIO exits

Police Bank CIO exits
Westpac Intelligence Layer breaks cover

Westpac Intelligence Layer breaks cover
Suncorp creates a "clear execution roadmap" for agentic AI

Suncorp creates a "clear execution roadmap" for agentic AI
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?