John Martellaro and Bryan Chaffin join host Kelly Guimont to discuss regulating tech companies, and Bryan’s watch display adventure.
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.
The country wants to impose “secrecy of communications” rules on foreign tech companies like Google, Apple, Facebook, and Amazon.
Protonmail is launching a GDPR site to help businesses achieve GDPR compliance. It’s at GDPR.eu and features practical, easy-to-understand information.