Facebook defends Libra after US lawmakers call for pause

Democrats want strict oversight of cryptocurrency, warn of global finance risk

20190704 FACEBOOK-CRYPTO/EUROZONE

Facebook's blockchain head defends Libra after U.S. lawmakers ask the company to pause the cryptocurrency project. © Reuters

YIFAN YU, Nikkei staff writer

PALO ALTO, U.S.-- Facebook and U.S. lawmakers are at odds over the potential dangers of the social media giant's Libra cryptocurrency project, two weeks after its announcement.

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