The Democrat majority on the US House Financial Services Committee is proposing a bill that that would prevent big technology firms from operating as financial units or issuing digital currencies, a move that seems to be aimed at Facebook after the social media behemoth announced last month that it would be launching its own cryptocurrency in 2020.
In a 3-2 decision, FTC Commissioners voted to impose a fine of approximately US$5 billion on Facebook for a variety of privacy issues.
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Thanks David, and thanks iTWire for continuing to cover this.