Calibra wallet to protect users against fraud: Facebook’s David Marcus at the U.S. Senate hearing
|Facebook’s executive in charge of Calibra and the proposed Libra cryptocurrency is currently attending a hearing at the United States hearing to answer questions regarding the scope and the expectations surrounding the crypto. Marcus has told the Senate that the United States needs to be at the forefront of Libra regulation.
According to Marcus Calibra wallet will put measures in place to offer consumer protection against fraud. To set up a Libra account consumer will have to provide a government identification document. There will be other authentication programs and email programs to ensure the authenticity of the users.
Facebook is also working with regulators including FINCEN to ensure that Libra is within the laws of the jurisidiction in which it will operate.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.