The head of Facebook’s libra project said that it could use cryptocurrencies based on national currencies like the dollar, rather than the synthetic one it initially proposed.
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Facebook has a warning for those in Washington determined to derail the company’s plans for creating a cryptocurrency: doing so would be a huge win for China.
Mark Zuckerberg has defended the public right to freedom of expression and criticised the Chinese state’s censorship of protesters.
Facebook CEO Mark Zuckerberg has drawn criticism after restrictions were placed on news coverage of an event he was speaking at to promote free expression.
Facebook has dropped out of the top 10 most valuable global brands as Apple, Google and Amazon retained the first three places.
The head of Google’s devices division has admitted he tells visitors he has smart speakers in his home before they enter the building.
The Facebook executive responsible for the embattled cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organisations will sign on.
Facebook’s remaining partners in its digital currency project signed paperwork on Monday to officially join the Libra Association.
Facebook’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard, Visa, eBay, Stripe and Mercado Pago, abandoned the project.
A global economic body has proposed overhauling the way multinationals, particularly technology giants, are taxed to make sure they pay their fair share in countries where they do significant business.