Greetings!
This month we’ve got a mix of news on market data, financial breach, regulatory oversight, system outages, and future science for you.
Regulatory oversight has hit Facebook again this week due to Facebook’s backing of the Libra cryptocurrency, and one blockchain expert explains that
“Facebook is effectively creating a supra-national currency that competes directly with national currencies”
and plans to roll it out to over 2 billion users by the end of 2020.
This extension of Facebook’s financial power has provoked the ire of some and spooked others, and
the article
points out that Visa and Mastercard are also backing the coin as a proactive way of monitoring and influencing this potential market disruptor.
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Best Regards,
David Gemma, CEO/CMO at UNAPEN, Inc.