{"id":18331,"date":"2019-07-15T17:47:46","date_gmt":"2019-07-16T00:47:46","guid":{"rendered":"https:\/\/lapost.us\/?p=18331"},"modified":"2019-07-15T17:47:46","modified_gmt":"2019-07-16T00:47:46","slug":"mnuchin-voices-serious-concerns-about-facebook-crypto-project","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=18331","title":{"rendered":"Mnuchin voices &#8216;serious concerns&#8217; about Facebook crypto project"},"content":{"rendered":"<p>The head of Facebook&#8217;s cryptocurrency project is expected to tell Congress this week that the company will launch its digital coin after related regulatory concerns are &#8220;cleared up.&#8221;<\/p>\n<p>David Marcus, in advance testimony released Monday, said the launch of Facebook&#8217;s digital coin known as Libra would be preceded by the &#8220;broadest, most extensive and most careful pre-launch oversight by regulators and central banks in [financial technology&#8217;s] history.&#8221;<\/p>\n<p>Marcus made the remarks in his written testimony posted to the Senate Banking Committee&#8217;s website ahead of Tuesday&#8217;s hearing, when he is set to testify about Facebook&#8217;s cryptocurrency and data privacy plans.<\/p>\n<p>Libra would allow users to send and receive money by exchanging a proprietary cryptocurrency backed by dozens of major corporations, including Facebook, Uber and Mastercard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The head of Facebook&#8217;s cryptocurrency project&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-18331","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/18331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18331"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/18331\/revisions"}],"predecessor-version":[{"id":18332,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/18331\/revisions\/18332"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}