Analysis of News relating to the Digital Money Ecosystem

Facebook's Libra cryptocurrency again comes under fire from global policymakers - CNBC

11/07/2019 Link to source

Facebook's Libra cryptocurrency again comes under fire from global policymakers    Facebook's cryptocurrency hasn't even launched yet, but it's been the talk of the town for politicians and central bankers worldwide.

Context

	Virtual Currency Virtual currencies, also known as crypto currencies are a form of digital means of value transfer.
	Facebook Facebook is a Player operating in USA
	Virtual Currency Virtual currency differs from electronic money as the currency has no physical counterpart with legal tender status. The schemes, of which Bitcoin is the most well known are generally based on a peer-to-peer network.
	Facebook Facebook is a Player operating in USA
	Facebook Card Facebook has various different payment and financial services initiatives.
	Facebook Messenger Money Transfer Facebook is to launch P2P Money Transfer from Facebook Messenger, online and via Android smartphones by the end of 2015.
	Cryptocurrency Cryptocurrency is the term used to refer to virtual currencies such as Bitcoin.
	Facebook Payments Facebook has brought out various payment and financial services initiatives over the years in an attempt to capitalise on it's popularity as a social network.

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