FB faces off with FTC
The development and adoption of an 'inhouse' crypto seems to gained the attention of the regulators.
And why not, every other crypto project has gone through the same thing.
It appears that the main concerns are privacy, a known failing in regards to "Lifelog" / FB.
Their security measures seem to have some serious 'holes'
But more interesting is the focus on complying with the FTC and other regulatory bodies.
It appears that 'they' as in the banking cartel seem somewhat worried in regards to the sudden an immediate promotion of crypto to several billion users.
The FB coin could be the biggest threat 'they' have faced to date simply due to the user numbers involved.
Given FB is a global tech company, one might wonder if they will move their head office to Malta or similar.
That would mean the end to the USA reg bodies ability to control the roll out.
Time will tell
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