Mnuchin says Facebook cryptocurrency needs safeguards against money laundering

WASHINGTON (Reuters) – U.S. Treasury Secretary Steve Mnuchin on Monday voiced serious concern that Facebook Inc’s (FB.O) proposed Libra cryptocurrency could be misused for money laundering, adding to the growing regulatory skepticism of the social media company’s digital asset plans. The Treasury Department has warned Facebook that it must enact proper safeguards against illicit use…

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Google not biased against conservatives: executive

(Reuters) – Google’s top government affairs official said on Monday that the search engine does not discriminate against conservative viewpoints and that he will reiterate that to a U.S. Senate panel on Tuesday. Karan Bhatia, vice president of global government affairs and public policy at Alphabet Inc’s Google and a former official under Republican President…

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Exclusive: Canada set to postpone Huawei 5G decision to after vote, given sour ties with China – sources

OTTAWA (Reuters) – Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies Co Ltd to supply 5G network equipment until after the October federal election, given increasingly strained relations with Beijing, say three well-placed sources. The sources, who requested anonymity given the sensitivity of the situation, said the Liberal government…

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