Facebook's Libra Comes Under Fire on Capitol Hill

The transcript highlights serious concerns regarding the potential misuse of Libra for money laundering activities.

What is the primary concern mentioned about Libra?

• It could lead to inflation.

• It might be used for money laundering.

• It is not secure enough.

• It will replace traditional banks.

Why might Libra be a target for misuse?

• It offers anonymity.

• It is not regulated.

• It is too expensive.

• It is a new technology.

Which of the following is a potential risk associated with Libra?

• Increased transaction fees.

• Facilitating illegal activities.

• Decreased user privacy.

• Limited global reach.

What aspect of Libra raises concerns?

• Its user interface.

• Its potential for misuse.

• Its environmental impact.

• Its marketing strategy.

How might Libra impact financial regulations?

• It will have no impact.

• It will make them obsolete.

• It might complicate enforcement.

• It could simplify them.