Original article by Leo Shanahan
The Australian – Page: 4 : 6-Aug-19
An Australian-led initiative has seen privacy regulators from around the world write an open letter to Facebook, in which they voice concerns about its proposed Libra digital currency. The letter states that Facebook has not provided sufficient information on how Libra would protect the data of Facebook users. They are also concerned that Facebook has indicated that it intends to promote the use of Libra in developing countries, many of which lack suitable data protection regulations.
FACEBOOK INCORPORATED, AUSTRALIA. OFFICE OF THE FEDERAL PRIVACY COMMISSIONER, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION