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UK Lawmakers To Investigate Facebook Libra Over Privacy

A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users.

Damian Collins, chair of the House of Commons’ Digital, Culture, Media and Sport Committee, said, given the company’s past poor record on privacy, he has concerns that Facebook can adequately protect the financial details of its billions of potential Libra users.

Source: UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud – CoinDesk