Lawmakers want to block tech giants from offering digital currency

Lawmakers want to block tech giants from offering digital currency

It's been one month since Facebook (and its partners ) announced plans to launch Libra cryptocurrency. Already, US lawmakers are calling for Facebook to pause those plans . Now, some legislators want the company to stop altogether. According to Reuters , the Democratic majority of the House Financial Services Committee drafted legislation that would prevent big tech companies from functioning as financial institutions or issuing digital currencies.