US-Lawmakers-Call-to-Freeze-Facebooks-Centralized-Digital-IdentityBlockchainCryptocurrency-Libra-Project

US Lawmakers Call to Halt Facebook’s Centralized Digital Identity/Blockchain/Cryptocurrency ‘Libra’ Project

U.S. lawmakers are formally calling on Facebook to cease all development of its Libra cryptocurrency in a new letter sent to executives at the social media giant, citing “It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar.”

Chinas-Cryptocurrency-is-Being-Developed-and-Could-Launch-Before-Facebooks-Libra

China’s Crypto is Reportedly Being Developed and Could Launch Before Facebook’s Libra

A dedicated team from the central bank’s Digital Currency Research Lab is now developing the system in a closed-door environment, away from the PBoC’s downtown Beijing headquarters.

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