Draft Law Bans Tech Giants From Offering Financial Services 9To5Mac
Draft legislation from the House Financial Services Committee would ban tech giants from offering financial services or issuing digital currencies… As Reuters notes, it appears to be targeted at Facebook’s plans to launch a new cryptocurrency, Libra, with a companion wallet, Calibra. Such legislation could in principle outlaw the Apple Card — or at least, the digital version of it — were it not for the rather weird definition of a tech giant....