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The regulatory pushback on Facebook’s digital currency project Libra appears to be putting the frighteners on some of its commercial partners, with several companies currently considering their positions, according to the FT. The news comes after reports emerged that competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook’s plans,…
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A cryptocurrency entrepreneur who became a bitcoin millionaire when he was still a teenager has launched a new venture that he claims will “kill” Facebook‘s Libra. Erik Finman, 20, says peer-to-peer platform Metal Pay will be the first “all-in-one” cryptocurrency payments app and will change the way people send and receive money. Erik Finman, the teenage bitcoin millionaire. “We’re going to…
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The UK’s data privacy chief has joined the chorus of warnings over Facebook’s proposed digital currency, Libra. Elizabeth Denham, who runs the Information Commissioner’s Office, has signed a statement alongside counterparts in the US, Canada, Australia and the European Union. UK privacy chief joins warning about cryptocurrency. The statement said they have “shared concerns” over…