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Privacy regulators worried by Facebook's crypto plan

Aug 06, 2019 - City A.M.

THE UK information commissioner has joined global regulators voicing worries over Facebook's plans to launch its own cryptocurrency.

Elizabeth Denham said she was "concerned" over the lack of detail on how Facebook and its partners will handle personal information.

"There is the potential to combine Facebook's vast reserves of personal information with financial information and cryptocurrency, amplifying privacy concerns about the network's design and data sharing arrangements," Denh...