Facebook cryptocurrency triggered a hearing from the government
Facebook is really having a bad time dealing with governments of multiple countries. In fact, the European Union frying down Mark Zuckerberg was one of the most interesting videos on YouTube. Recently, the social media giant was talking about their cryptocurrency called Libra and the wallet named Calibra.
House Financial Services Committee Chairwoman Maxine Waters asked Facebook to halt the development activities of the cryptocurrency and the Senate Committee on Banking has scheduled a hearing to discuss the privacy issues attached to the most trending cryptocurrency Libra / Calibra.
The predictions are pretty positive enough to support the growth of the cryptocurrency. Though the future of the currency is totally confusing from a wide perspective of the layman. Companies like Uber and Visa card has invested real money to support the initiative from Facebook.