State-subsidized electricity is encouraging people in Iran to mine Bitcoin. The practice, which is very power intensive, has exposed a legal gray area in the country. Now authorities are launching a crackdown.
Facebook's Libra is reportedly being probed by the European Union's competition authorities. The cryptocurrency plan has been met with intense skepticism from both data protection activists and regulators.
The G7 ministers said this week they want to clamp down on cryptocurrencies like Facebook's Libra, arguing new and untested digital coins risk destabilizing international monetary systems. But can they and should they?
Facebook's plan to introduce its own cryptocurrency has come under sharp criticism from many countries. The social media giant announced in June that it would roll out a new digital currency, called Libra, from 2020.
The world's biggest social network has indicated that it wants to move into the payments industry by launching its own cryptocurrency next year. DW looks at what's behind Facebook's not-so-cryptic plan.
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