Tech, Telecom & Media

July 16, 2019

Top news
Facebook vows Libra currency will wait for approval as U.S. airs worries
  Facebook vows Libra currency will wait for approval as U.S. airs worries

Pete Schroeder and Katanga Johnson

Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity.

David Marcus, who oversees Facebook’s blockchain efforts, planned to tell Congress that Libra is not being built to compete with traditional currencies or interfere with monetary policy.

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  Facebook’s cryptocurrency needs safeguards against money laundering, Mnuchin says

Katanga Johnson and Pete Schroeder

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Broadcom and Symantec reportedly abandon deal talks
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U.S. firms may get nod to restart Huawei sales in two-to-four weeks: official
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  U.S. proposes barring big technology companies from offering financial services, digital currencies
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India aborts Chandrayaan-2 launch, citing technical glitch
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U.S. software firm Aspen Technology buys Montreal startup Mnubo for $102-million
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