A 3-D printed Facebook logo is seen on representations of virtual currencies in this illustration picture, June 18, 2019. REUTERS/Dado Ruvic/Illustration
SAN FRANCISCO: Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners.
Just hours after the social media giant unveiled early plans for the Libra cryptocurrency, French Finance Minister Bruno Le Maire insisted that only governments can issue sovereign currencies. He said Facebook must ensure that Libra won’t hurt consumers or be used for illegal activities.
