{"id":182352,"date":"2019-10-07T12:26:18","date_gmt":"2019-10-07T09:26:18","guid":{"rendered":"http:\/\/ww-vb.mine.nu\/w108\/facebook-faces-eu-grilling-over-libra-cryptocurrency-after-losing-paypal-backing\/"},"modified":"2019-10-07T12:26:51","modified_gmt":"2019-10-07T09:26:51","slug":"facebook-faces-eu-grilling-over-libra-cryptocurrency-after-losing-paypal-backing","status":"publish","type":"post","link":"https:\/\/hameed.nwar.uk\/sa\/facebook-faces-eu-grilling-over-libra-cryptocurrency-after-losing-paypal-backing\/","title":{"rendered":"Fb faces EU grilling over Libra \u2018cryptocurrency\u2019 after shedding PayPal backing"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2019\/10\/libra-facebook-cryptocurrency-796x417.jpg\" \/><\/p>\n<div>\n<p>As <span id=\"urn:enhancement-79c8ea79-981a-3619-e618-002048b9d1dd\" itemid=\"http:\/\/data.thenextweb.com\/tnw\/entity\/facebook\">Fb<\/span> offers with the lack of <span id=\"urn:enhancement-1bc5a39d-e036-7897-3e31-7c59335bfdb7\" itemid=\"http:\/\/data.thenextweb.com\/tnw\/entity\/paypal\">PayPal<\/span>\u2018s backing for its \u2018<span id=\"urn:enhancement-6b438263-7779-21d5-b47a-dde9d3c96252\" itemid=\"http:\/\/data.thenextweb.com\/tnw\/entity\/cryptocurrency\">cryptocurrency<\/span>\u2018 Libra, the tech big should now get able to reply <span id=\"urn:enhancement-20a16ac2-f15c-b4c7-a74d-95793c7aecd2\" itemid=\"http:\/\/data.thenextweb.com\/tnw\/entity\/european_union\">EU<\/span> regulators\u2019 <span id=\"urn:enhancement-33f58b0c-bdbe-f66d-dabf-7974be063ae5\" itemid=\"http:\/\/data.thenextweb.com\/tnw\/entity\/question\">questions<\/span> in regards to the potential dangers posed by the <span id=\"urn:enhancement-f6b8c167-3c36-28c8-226c-101990c5b5af\">mission<\/span>.<\/p>\n<p>The European Fee has requested that Fb and the Libra Affiliation \u2013 the physique tasked with supervising the digital foreign money\u00a0\u2013 reply\u00a0questions referring to monetary stability, cash laundering, and knowledge privateness dangers.<\/p>\n<p>Based on the Monetary Instances, which noticed the fee\u2019s questionnaire final week, that is all half\u00a0of\u00a0EU monetary commissioner\u00a0Valdis Dombrovskis\u2019 efforts to asses whether or not tasks akin to Libra ought to be regulated within the EU, if new regulation is required, or whether or not the \u2018cryptocurrency\u2018 ought to be allowed to function in any respect.<\/p>\n<p>The information couldn\u2019t come at a worse time for Fb, which has confronted rising scrutiny and opposition from regulators in current months.<\/p>\n<p>Simply final month, Libra\u2018s founders had been topic to questioning by 26 central financial institution officers in what was the primary encounter between the know-how big and regulators.<\/p>\n<p>Previous to that, in August, Brussels\u2019 antitrust physique raised issues about\u00a0<span>Libra doubtlessly inflicting\u00a0<\/span>competitors restrictions.<\/p>\n<p>Dropping PayPal is undoubtedly the largest blow for the mission up to now, however rumours about different companions,\u00a0together with MasterCard and Visa,\u00a0pulling out have been mounting for weeks.<\/p>\n<p>So, it appears Libra\u2018s future is up within the air \u2013 once more.<\/p>\n<p><em>Need extra Arduous Fork?<span>\u00a0<\/span>Be part of us<span>\u00a0<\/span>in Amsterdam on October 15-17 to debate blockchain and cryptocurrency with main specialists.<\/em><\/p>\n<p class=\"c-post-pubDate\">\n                                    Printed October 7, 2019 \u2014 09:07 UTC\n                                <\/p>\n<\/p><\/div>\n<p><script data-src=\"http:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;appId=378011798897423&amp;version=v2.6\" id=\"socialSrcFacebook\" type=\"text\/template\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/thenextweb.com\/hardfork\/2019\/10\/07\/facebook-faces-eu-grilling-over-libra-cryptocurrency-after-losing-paypals-backing\/\">Supply hyperlink <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] As Fb offers with the lack of PayPal\u2018s backing for its \u2018cryptocurrency\u2018 Libra, the tech big should now get able to reply EU regulators\u2019 questions in regards to the potential dangers posed by the mission. The European Fee has requested that Fb and the Libra Affiliation \u2013 the physique tasked with supervising the digital &hellip;<\/p>\n","protected":false},"author":1,"featured_media":182354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-182352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tie-world"],"_links":{"self":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/182352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/comments?post=182352"}],"version-history":[{"count":0,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/182352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media\/182354"}],"wp:attachment":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media?parent=182352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/categories?post=182352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/tags?post=182352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}