UK Data Regulator Warns Over Facebook's Currency Plan
Law360, London (August 6, 2019, 1:41 PM BST) -- Britain’s data protection watchdog has added its voice to concerns about Facebook's plans to launch a digital currency and infrastructure, as global regulators warn about risks to privacy and call for greater openness.
Elizabeth Denham, who heads up the Information Commissioner's Office, signed a statement addressed to Facebook and 28 other companies behind the Libra currency project on Monday, joining regulators in the U.S., Australia, Canada and the European Union.
The watchdogs have asked for detail from the technology giant about how it will process customers’ personal information in line with data protection laws.
“Facebook’s involvement is particularly significant, as there...
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