A new report by the European Parliamentary Research Service takes issue with the idea that blockchains are incompatible with the EU’s new data privacy laws.
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The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)From privacy regulators to Walmart, Facebook’s Libra faces growing threats
The US, EU, Canada, and Australia demand data protection guarantees; Walmart patents its own cryptocurrency
In a joint statement on August 6, data protection regulators from the United States, United Kingdom, European Union, Canada, and Australia came head-on, issuing a joint statement slamming the Libra project and Facebook for failing to address the fledgling cryptocurrency’s privacy risks.
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U.K. Prime Minister Boris Johnson, who clearly went to Paul Weller's barber from the 1980s (Photo by Dominique from UK via Wiki Commons).New Prime Minister Boris Johnson needs to turn to crypto before the EU turns on him
Is this the technology he says will solve the upcoming headaches?
On Wednesday former London Mayor and ridiculous human being Boris Johnson will take over as U.K. Prime Minister. The nation’s 160,000 Conservative members were eligible to vote in the contest and 87.4% turned out to vote. This means that the 92,153 citizens who voted for Boris Johnson got to make the selection on behalf of 66 million U.K. residents. In other words, one Conservative party member got to speak for 715 citizens. The upcoming hard-Brexit date of October 31 is going to be a Nightmare on Downing Street, but Johnson could ease Britain’s currency crisis by investing in cross-border crypto payments such a Facebook’s Libra.
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Not even a few hours after it was announced and there's already stock photos of Facebook's libra cryptocurrency (via Shutterstock).From Europe and America, Facebook’s Libra cryptocurrency faces suspicion
The social media giant will also have a high regulatory hurdle to jump before launching the digital asset
Less than 12 hours after it was announced, Facebook’s new libra cryptocurrency was already causing the kind of concern in European financial circles that even Bitcoin has not been able to generate.