- The Office of the Australian Information Commissioner (OAIC) released a press release regarding privacy and data cocerns around Facebook’s Libra.
- It comes ahead of Facebook’s planned Libra launch which is projected for 2020.
The Office of the Australian Information Commissioner (OAIC) recently published a press release, which has been titled, “OAIC joins with global privacy regulators to call for more information from the Libra Network”.
In terms of the post, OAIC in addition to other regulators are seeking more information from Facebook to understand the company’s data protection framework for Libra which is slated for a 2020 launch.
Australian Information Commissioner and Privacy Commissioner, Angelene Falk was speaking on the published press release, stressing concerns regarding privacy and data. She said:
This is an important step in a global regulatory movement that is holding online companies to account for how they handle personal information, Angelene Falk said. Given the many initiatives taking place in our finance and technology sector, privacy must be a key component of any significant digital initiative such as Libra.
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