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Facebook to Explain Libra Digital Currency to Senate this July 16 – Investing.com



Facebook (NASDAQ:) is set for a hearing before the US Senate Banking Committee this July 16, to clarify the intentions of its Libra project. The hearing will be titled “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations,” reported MarketWatch.

Facebook immediately drew the ire of regulators in both the US and Europe, due to its ambitious bid of creating an alternative payment system. Because of the sh…

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