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The US president said he’s not a fan of Facebook’s Libra, and demands digital coin companies seek a banking charter Reuters Fri 12 Jul 2019  03.17 BST Last modified on Fri 12 Jul 2019  15.48 BST Shares 347   Donald Trump pauses after delivering remarks at the White House Photograph: Nicholas Kamm/AFP/Getty Images Donald Trump  has criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to US and global regulations if they wanted to “become a bank”. “I am not a fan of Bitcoin and other  Cryptocurrencies , which are not money, and whose value is highly volatile and based on thin air,” Trump wrote on Twitter. “If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International,” h...

This is the biggest penalty a technology company has ever suffered. Facebook will face a $ 5 billion fine for its privacy and confidentiality. According to a report published by The Wall Street Journal and The Washington Post, the US Federal Trade Commission has approved a request for Facebook to pay $ 5 billion - a record penalty that has been given to a public company. technology. This fine is the result of US officials' investigation into a big social network after two consecutive years of being involved in many Scandal related to privacy and user privacy. Earlier, Facebook warned investors that the company could face a fine of $ 3 billion to $ 5 billion. It is worth mentioning that the price of Facebook shares has increased slightly after this information. Reportedly, The Washington Post obtained the above information through a source close to the issue, while the European Trade Commission declined to comment. This penalty will be worth the equivalent of one month of...