On July 2, US lawmakers, in an open letter to Facebook, called upon the company to cease all development of its Libra cryptocurrency, writing that the proposed digital currency could create "an entirely new global financial system that is based out of Switzerland and intended to rival US monetary policy and the dollar". During this moratorium, the lawmakers wrote, "we intend to hold public hearings on the risks and benefits of cryptocurrency-based activities and explore legislative solutions. Failure to cease implementation before we can do so, risks a new Swiss-based financial system that is too big to fail." The letter said Libra raises "serious privacy, trading, national security, and monetary policy concerns for not only Facebook's over two billion users, but also for investors, consumers, and the broader global economy". Signed by Representative Maxine Waters and four other House Democrats, the letter said that…
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Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
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