US officials have asked Facebook to defer its cryptographic money
Worried about the potential impacts it might have on the worldwide money related framework, House Democrats in the US have authoritatively mentioned that Facebook stops the advancement of its Libra cryptographic money.
A letter was sent to the CEO Mark Zuckerberg today from Rep. Maxine Waters, the administrator of the House Financial Services Committee, perusing: "On the grounds that Facebook is now in the hands of over a fourth of the total populace, it is basic that Facebook and its accomplices quickly stop execution plans until controllers and Congress have a chance to analyze these dangers and make a move."
"In the event that the products and services like these are left inappropriately controlled and without adequate oversight, they could present fundamental dangers that jeopardize U.S. what's more, worldwide money related steadiness," Waters composes. "These vulnerabilities could be abused and clouded by terrible on-screen characters, as different cryptographic forms of money, trades, and wallets have been before."
Facebook is yet to react.