Lawmakers have questioned whether Libra could aid money launderers. Facebook says it could be a valuable tool for law enforcement
Lawmakers were up in arms this month about whether Libra, Facebook Inc.’s proposed new cryptocurrency, would be a haven for money launderers and other criminal activities.
Facebook, though, says Libra could be a valuable tool for law enforcement, partly because of the vast amounts of information that will be generated about its users. That was the message Facebook executive David Marcus took to Congress during hearings this month.Facebook’s plan to release its own currency, called Libra, has sparked a range of concerns among lawmakers. WSJ’s Paul Vigna explains.
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Facebook warns investors that Libra digital currency may never see the light of dayFacebook said in its latest quarterly report that it can't guarantee Libra 'will be made available in a timely manner, or at all.'
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Facebook Is Already Dealing With Scams For Its Own CryptocurrencyAs Facebook faces skepticism from regulators that it can handle launching its cryptocurrency, a raft of fake accounts and scams purporting to sell Libra have cropped up on its own platform
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Facebook warns investors that Libra digital currency may never see the light of dayFacebook said in its latest quarterly report that it can't guarantee Libra 'will be made available in a timely manner, or at all.'
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College Financial-Aid Loophole: Wealthy Parents Transfer Guardianship of Their Teens to Get AidThe Education Department is looking into a tactic that has been used in some Chicago suburbs, in which wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid.
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5 governors push presidential candidates to aid Great LakesTRAVERSE CITY, Mich. (AP) — Five Democratic governors of states in the Great Lakes region Monday urged the candidates in next year's presidential election to support a plan for safeguarding their...
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Rich parents are using this extreme method to get their kids financial aid for collegeAmid an intense national furor over the fairness of college admissions, the Education Department is looking into a tactic that has been used in some suburbs here, in which wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid, say people familiar with the matter.
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