The U.S. Financial Services Committee after meeting with Swiss regulators remain concerned about Facebook’s plan to create a global cryptocurrency. Swiss officals who were represented in the discussion with U.S. Financial Services Committee are – – State Secretariat for International Financial Matters (SIF), – Federal Data Protection and Information Commissioner...
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By 2020 Facebook is planning to integrate blockchain and cryptocurrency ‘Libra’ into its messaging application Messenger and WhatsApp. Set to become a new global monetary system, this new financial infrastructure will rely on the BFT-consensus algorithm to facilitate agreement among all validator nodes on the order and execution of the...