The US Congress has asked Facebook to halt the launch of its Libra cryptocurrency until lawmakers have had more time to investigate the ramifications of the company’s actions.

Facebook unveiled its plans for Libra on 18 June, with the Libra Association stating the cryptocurrency platform would be slated for a launch in 2020, but lawmakers are now asking for the plans to be halted.

Before it proceeds any further, the House Financial Services Committee, wants to examine risks around cyber security, global financial markets and national security concerns, it said in a letter to Facebook.

See letter below;

https://kikiotolu.com/us-congress-asks-facebook-to-halt-launch-of-libra-cryptocurrency/

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