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Business Matters: Facebook's Libra cryptocurrency faces opposition

Libra.jpg

16/07/2019 GMT

Facebook's Libra cryptocurrency faces opposition

BBC World Service - Business Matters, Facebook's Libra cryptocurrency faces opposition

The US treasury secretary has warned about the potential criminal use of Libra

The US treasury secretary has warned about the potential criminal use of Libra.

US treasury secretary, Steve Mnuchin has said he is concerned about Libra's potential criminal use. He told a press conference it could be used by "money launderers and terrorist financiers" and said it was a national security issue. We hear from Bloomberg's Lydia Beyoud. 

Huawei announces significant investment in Italy despite America urging other countries not to do business with the Chinese technology firm. We hear from Adam Seagal, the director of the Digital and Cyberspace Programme at the Council on Foreign Relations in New York.

Our reporter heads to New Zealand to find out how a near total ban on foreigners buying houses there, introduced last year, is playing out. 

And there's been uproar in New York as Central Park holds a festival which charges an admission fee. Cory Kilgallen, a reporter with the New York Times tells us that people are unhappy about the erosion of a long held tradition.

Billions of dollars are being invested in driverless cars, but how will the artificial intelligence know exactly where to go? It's thought better mapping will be needed. We hear more from Simon Navin, head of innovation at Ordinance Survey.

For women in India's capital Delhi, simple journeys to and from work can be fraught with danger and the city is proposing a radical remedy - free public transport for all women. The BBC's Joe Miller reports.

Plus, joining us throughout the programme are Jyoti Malhotra at the Print website in Delhi and Tony Nash, the chief economist at Complete Intelligence joins us from Houston Texas.

Picture description: visual representation of a digital cryptocurrency coin
Picture credit: Chesnot/Getty Images

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