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An ironic sign in a Berlin shopwindow. Facebook already knows more about yourself, your interests, your desires than even your closest friends. The one big item missing to complete the picture is financial information (Photo: Matthew Tempest)

Facebook has to answer some tough questions about Libra

A few days ago, a group of private companies spearheaded by tech giant Facebook presented the Libra White Paper, a plan to create a new decentralised blockchain and a new cryptocurrency that runs on it.

The backers promise "more access to better, cheaper, and open financial services", but is this really what we are getting?

The presentation of Libra raised a couple of important fundamental and regulatory issues that need answeri...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Markus Ferber has been an MEP since 1994. Currently, he serves as the EPP group's coordinator in the Economic and Monetary Affairs Committee (ECON).

An ironic sign in a Berlin shopwindow. Facebook already knows more about yourself, your interests, your desires than even your closest friends. The one big item missing to complete the picture is financial information (Photo: Matthew Tempest)

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Author Bio

Markus Ferber has been an MEP since 1994. Currently, he serves as the EPP group's coordinator in the Economic and Monetary Affairs Committee (ECON).

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