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Regulators are reportedly concerned that the Libra currency could shut out rivals and create “competition restrictions” related to the use of information and consumer data. The EU is also examining the integration of Libra wallets into Facebook’s WhatsApp and Messenger services, according to Bloomberg.
An investigation by The Washington Post has uncovered a dozen accounts, pages, and groups across Facebook and Instagram which misleadingly claim to be official hubs for Libra, Facebook’s proposed digital currency. In some cases these pages, which were only removed after WaPo reported them to Facebook, offered to sell Libra at a discount through third-party websites.
Facebook will not launch the cryptocurrency Libra until it has “fully addressed regulatory concerns,” according to David Marcus, the head of Facebook’s Calibra. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee.
France is creating a G7 task force to ensure that transnational crypto currencies like Facebook’s Libra are regulated to protect the economy and the consumer.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.
Facebook announced its cryptocurrency Libra and a global association of organizations that will govern it. And Facebook also announced Calibra, a new subsidiary that will build a digital wallet for Messenger, WhatsApp, and a standalone app on iOS and Android.
The cryptocurrency efforts are said to be led by David Marcus, who earlier this week was reported to be leading a new blockchain division at Facebook “to explore how to best leverage Blockchain across Facebook, starting from scratch.”
Facebook on Tuesday gave its popular Messenger app the ability to translate missives in real time, deploying artificial intelligence to enable text conversations between people using different languages.
Director-General of the Progressive Governors Forum PGF, Salihu Moh. Lukman has again asked those still debating the legality of the lockdown imposed on Abuja, Lagos and Ogun states to focus on the bigger picture, saying asking President Muhammadu Buhari to have consulted a National Assembly that is on recess is unrealistic, simplistic and academic.
Gov. Ben Ayade of Cross River has issued Executive Orders in the state following the prevalence of the Coronavirus (Covid-19) infections in neighbouring Benue and Akwa Ibom.=
NATO foreign ministers are due on Thursday to discuss their countries’ response to the global coronavirus pandemic, while stressing that the defence alliance remains ready to defend itself against any threat.
The U.S. is stepping up its military presence on the southern border with Mexico over concerns about the spread of the coronavirus.
It is not easy for Mikel, but Yahoo Sports suggests that he could be closing in on a deal with the Brazilian team.
The Food and Agriculture Organisation, FAO, Monday, urged governments in countries affected by the coronavirus, COVID-19 pandemic to keep the food chain alive in order to avoid the food crisis.
All Progressives Congress (APC) National Leader, Asiwaju Bola Tinubu, is celebrating his 68th birthday today with a message on his “preliminary thoughts on the economic action”the country might take should coronavirus “mortally threaten” our economy.
As Europe and the United States struggle to contain the coronavirus pandemic, aid groups warn that without measures millions could die in low-income countries and war zones such as Syria and Yemen, where hygiene conditions are already dire.
The ruling All Progressives Congress (APC) has denied reports that President Muhammadu Buhari may have tested positive for Covid-19 and flown abroad for treatment, saying the president is hale and hearty and has been leading the charge against the deadly virus.
MTN Group has renewed its bid to cut its presence in Nigeria, by selling 15% stake to the subscribers. The operator said it is pursuing sale in smaller in bits due to the emergence of the Covid-19 (coronavirus) pandemic.