When Facebook announced plans for a similar effort this year, the regulatory pushback was fierce. But Telegram appears undeterred. Source: NYT > Business – Nathaniel Popper
Facebook’s Cryptocurrency Faces Second Day of Critical Hearings
Skeptical House committee members said Facebook’s Libra plans could be a threat to central banks and aid tax evaders and drug dealers. Source: NYT > Business – Nathaniel Popper and Mike Isaac
Senators Grill Facebook Executive on Company’s Cryptocurrency Plans
Members of the Senate Banking Committee on Tuesday raised broad concerns about its Libra effort, which the company introduced last month. Source: NYT > Business – Mike Isaac and Nathaniel Popper
Facebook Dodged a Bullet From the F.T.C. It Faces Many More.
The social network may have escaped restrictions and financial bruising with the F.T.C.’s settlement, but its pain is just beginning around the world. Source: NYT > Business – Adam Satariano
Facebook’s Digital Money Could Mean Fabulous Wealth. Or Not.
The social network is planning a new cryptocurrency, potentially inserting the company into yet another part of our lives. Our reporter wonders: What’s in it for me? Source: NYT > Business – John Schwartz
Fed Chair Raises ‘Serious Concerns’ About Facebook’s Cryptocurrency Project
Jerome Powell, the chair of the Federal Reserve, was the latest central banker to express skepticism about Facebook’s cryptocurrency plans. Source: NYT > Business – Nathaniel Popper, Mike Isaac and Jeanna Smialek