Facebook’s long-anticipated cryptocurrency venture, Libra, could go live as early as January, three people involved with the matter told Financial Times this week. But don’t get too excited just yet: Thanks to a torrent of federal scrutiny and many of its chief investors bailing on the project, its scope has been significantly scaled back.
Libra Scammers Are Promising Early Access To Facebook’s Digital Currency To Steal Private Information
If you search YouTube for Facebook’s Libra, you’ll find plenty of videos that tell you how to buy the digital currency. The problem is that many of the videos are published by scam artists who are apparently trying to steal your personal information. How do we know they’re scams? Libra hasn’t even been launched yet.
The US Senate Banking Committee is set to scrutinise Facebook’s cryptocurrency ambitions at a hearing set for July 16, Reuters reported on Wednesday, in yet another sign that legislators are extremely wary (to put it mildly) of the company’s shift into global financial services.