Tech Entrepreneur: Facebook’s “Cryptocurrency” Libra is a “Big Mistake”

Billionaire tech entrepreneur Mark Cuban is not a big fan of Facebook’s recently-detailed cryptocurrency-of-sorts. He says there may be repercussions from despotic leaders around the world if citizens start to use alternatives to national currencies.

Cuban joins an increasingly noisy chorus of regulators, bankers, and other organisations concerned about the social media giant’s financial ambitions and their implications.

Cuban: Facebook’s Cryptocurrency Could be Dangerous in Authoritarian Nations

According to a report on CNBC, tech entrepreneur Mark Cuban is not fond of what Facebook has in the words regarding its “cryptocurrency” offering. He states:

“I’m not a big fan of what they’re doing there… I think it’s a big mistake.”

Trump slams bitcoin in a tweet saying he is “not a fan”. and Mark Cuban tells CNBC that Libra is a “big mistake” by Facebook

We chat here at #Post9@CNBC @jimcramer @carlquintanilla pic.twitter.com/fcfDDViT1s

— Squawk on the Street…