An Interest In:
Web News this Week
- April 1, 2024
- March 31, 2024
- March 30, 2024
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
October 9, 2019 03:31 pm
Illustration by William Joel / The Verge
Original Link: https://www.theverge.com/2019/10/9/20906348/libra-association-visa-mastercard-stripe-blockchain-us-lawmakers-schatz-sherrod-brown
Senators pressure Visa and Mastercard over work on Facebooks blockchain project
Illustration by William Joel / The Verge
Lawmakers have begun actively pressuring members of the Libra Association, the international blockchain payments project led by Facebook, to reconsider their involvement with the group.
In a new letter sent to the CEOs of Visa, Mastercard, and Stripe, Sens. Brian Schatz (D-HI) and Sherrod Brown (D-OH) warn of enormous risks inherent in the Libra project, including facilitating criminal and terrorist financing and destabilizing the global financial system. The letter also suggests the companies would face increased oversight from financial regulators in their conventional, non-blockchain businesses if they continue with the association.
“...
Original Link: https://www.theverge.com/2019/10/9/20906348/libra-association-visa-mastercard-stripe-blockchain-us-lawmakers-schatz-sherrod-brown
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge