Facebook questioned over cryptocurrency plans

Facebook officers had been on Captiol Hill for a listening to on the corporate’s plan for a cryptocurrency referred to as Libra. The social community has confronted scrutiny through the years for points with information safety, and now lawmakers are voicing concern concerning the safety of customers’ monetary info. CNET editor-at-arge Ian Sherr joined CBSN with particulars.

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  1. Treasonous, transnational criminals creating their own fake fiat currency out of thin air. No thanks. No thanks China – China controls Facelessbook nowadays. I cannot bear to go on Facebook – sterile, gross. Foul.

  2. Call me old but do not trust anything that is not based on real goods tangible productos and no poor person have the extra money to trust this thing , besides don't you feel es something against the USA Dollar ? Bet Putin and Xi love the idea

  3. @2:26 All fiat money is based on thin air. We're only taking the word of the government of whatever note we have that that money is good for its stated value. That's why any country can print off as much money as they want because it's not backed by anything.

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