The U.S. House Financial Services Committee will host a hearing on Facebook’s libra cryptocurrency next month, one day after the Senate Banking Committee holds its previously announced hearing.
The committee had already sent Facebook a letter last month outlining a number of questions revolving around Facebook's privacy and consumer data storage practices.
The social media giant intends to help 1.7 billion unbanked individuals access financial services, as well as streamline payments through its Messenger and WhatsApp platforms.
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