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Facebook’s cryptocurrency hearing, explained

Fintech Beat podcast, Episode 11

David Marcus, head of Facebook's Calibra digital wallet service, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing on "Examining Facebook's Proposed Digital Currency and Data Privacy Considerations" on Tuesday, July 16, 2019. (Bill Clark/CQ Roll Call)
David Marcus, head of Facebook's Calibra digital wallet service, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing on "Examining Facebook's Proposed Digital Currency and Data Privacy Considerations" on Tuesday, July 16, 2019. (Bill Clark/CQ Roll Call)
By Chris Brummer
Posted July 23, 2019 at 5:00am

No issue has generated more concern about Facebook’s Libra than the potential for it to be abused as a tool to finance terrorism or launder money.

In this episode, Fintech Beat talks with data and analytics firm Chainalysis about international regulatory efforts, so-called clustering and blockchain forensics.

Host Chris Brummer also talks about his experience testifying before Congress on the new digital currency.

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