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Libra-ration? It's a risky business

Libra-ration? It's a risky business

A delegation from the US House Financial Services Committee met the Swiss Federal Data Protection and Information Commissioner to discuss digital currencies this week. The issue of the moment: Libra. The proposed cryptocurrency – the launch of which is being led by Facebook (US:FB) – was announced in June and is planned for launch in 2020. Facebook is not the only founder; it is joined in the Libra Association by 27 other companies, non-profit and academic organisations. The cryptocurrency’s blockchain will be built upon a network of validator nodes, each of which will be controlled by a different partner.

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