Federal Reserve Chairman Says Facebook Libra "Cannot go Forward"

· Andrew Orr · Link

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U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook Libra “cannot go forward” until serious concerns are addressed.

“Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,” Powell said during his semi-annual testimony on monetary policy before the U.S. House of Representatives Financial Services Committee.

“I don’t think the project can go forward” without addressing those concerns, he added later.

Being pessimistic, I wonder if they are genuinely concerned about things like privacy, or just don’t want the competition.

Protonmail Launches GDPR Site to Help Businesses

· Andrew Orr · News

Protonmail is launching a GDPR site to help businesses achieve GDPR compliance. It’s at GDPR.eu and features practical, easy-to-understand information.