First Fund Linked To Bitcoin Futures Debuts On NYSE

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Oct 19 (Reuters) - A gaggle of U.S. Fb Chief Executive Mark Zuckerberg. The letter by the senators indicates that even Facebook's small pilot of its cryptocurrency wallet will face scrutiny from lawmakers and regulators, who have beforehand raised antitrust and different considerations. In December, the project was rebranded in a renewed effort to achieve regulatory approval, with its scope scaled back additional to a single dollar-backed digital coin. But the venture instantly ran into fierce opposition from policymakers globally, who fearful it could erode their management over the cash system, enable crime and harm users' privateness. U.S. Democratic senators Brian Schatz, Sherrod Brown, Richard Blumenthal, Elizabeth Warren and Tina Smith voiced their opposition to Fb's two-12 months-outdated effort to launch a cryptocurrency and digital wallet. Fb unveiled a cryptocurrency challenge in June 2019, as a part of an effort to expand into e-commerce and world payments. Fb Inc can't be trusted to manage cryptocurrency and urged the social media platform to discontinue immediately a small pilot of its cryptocurrency wallet named Novi, which was launched on Tuesday.

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