RATE Group | Bitcoin Child Exploitation Takedown; Facebook’s Libra Exodus
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Bitcoin Child Exploitation Takedown; Facebook’s Libra Exodus

20 Oct Bitcoin Child Exploitation Takedown; Facebook’s Libra Exodus

Posted at 16:40h in Bitcoin News by

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FACEBOOK’S LIBRA ASSOCIATION SHRINKS

Resistance to Facebook’s libra plans strengthened last weekend, as eBay, Stripe, Mastercard and Visa all backed out of the Libra Association prior to its inaugural board meeting this week. Facebook officially unveiled the initiative’s 21 founding members at the meeting, down from the 28 that were part of the consortium when it was first announced in June and further away from the 100 members it hopes to have on board for libra’s planned launch in 2020.

Politicians share these corporations’ doubts. U.S. Congressman Warren Davidson said libra will need to be regulated as a security if it’s ever launched due to the centralization involved in its development, and he suggested Facebook should follow Cash App’s lead by integrating bitcoin into…

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