In the world of securities regulation, disclosure omissions can be just as troublesome as negative self-reporting. That scenario is certainly playing out with Facebook and its recent foray into virtual currency.
In June, the social media giant announced it was entering the cryptocurrency space with a global payments network called Calibra, a digital wallet for Libra, a global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp, and as a standalone app. Facebook expects it all to launch in 2020.
