Is Facebook a bank? Congress pushes for answers on crypto forray

July 18, 2019 7:59 AM

SAN FRANCISCO (BLOOMBERG) - After surviving a two-day battering on Capitol Hill, now comes the hard part for Facebook: turning its 12-page white paper into a legitimate cryptocurrency in the face of deep scepticism from central banks, regulators and politicians of all stripes.

from
The Straits Times World News