Privacy watchdogs warn Facebook over Libra currency | Business | M&G

Facebook announced the launch of Libra in June, with Calibra slated to run a digital wallet and provide financial services using blockchain technology.

The currency is to be overseen by a Geneva-based Libra Association of companies, and Swiss authorities have also pledged tight oversight of the operation.Expected to launch in the first half of 2020, Libra is designed to be backed by a basket of currency assets to avoid the wild swings of bitcoin and other cryptocurrencies.

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