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The Office of the Australian Info Commissioner (OAIC) released a statement on Tuesday showing that it has joined other privacy regulators from different parts of the world I’m calling for more info about Facebook’s Libra Network. OAIC and other regulators including United Kingdom Info Commissioner’s Office (ICO), the European Union, the United States, Albania, Canada and Burkina Faso, want to know more about Facebook's information protection framework for its private cryptocurrency dubbed Libra that is expected to be launched in the first quarter (Q1) of 2020.

The banking industry is worried by Facebook’s announcement about issuing their own cryptocurrency last month. France is going to establish a G7 task force to study how banks can ensure regulations of such digital currency to  prevent its usage for money laundering and other illegal activities.

Google has ordered advertising of the Facebook brand on Coinidol.com, one of the world’s leading cryptocurrency news magazines, despite Facebook’s ban of most cryptocurrency advertising since January 2018. This move is evidence that Facebook is looking for support from the world crypto community to gain trust in its new cryptocurrency FaceCoin (allegedly named Libra or GlobalCoin), that is announced to be issued in Q1 2020.

The leading social media network, Facebook, the company that owns Instagram and WhatsApp, apps which allow users to make and share content or take part in social networking, plans to put its own cryptocurrency on the market by 2020, the coin will be used to make payments beginning with over 12 different nations globally by April next year (Q1 of 2020).

The giant IT and social media company Facebook is improving its ads policies related to blockchain technology and cryptocurrency. The company recently announced that it wants to relax its imposed ban on blockchain, Bitcoin and other monetary goods and services adverts. However, the initial coin offerings (ICOs) ban will go on.

Recently, Facebook CEO Mark Zuckerberg expressed interest in putting the login on the blockchain in order to provide social media users absolute power especially when they are giving data access to third-party Apps. Now, blockchain specialists have started analyzing the latest Facebook (FB) efforts on recent Zuckerberg’s interests to integrate blockchain into login.

In May 2018, Facebook created a special brand-new research team to develop possibilities of blockchain technology. If the fintech is to be taken seriously, the tech giant will be able to solve issues with data breaches and enhance transparency and user’s privacy.

The most recent news out of Facebook this week is that the large social network has been subject to yet another mass information hack, one that introduces doubt regarding the integrity of users information on Facebook. These kinds of hacks are becoming rampant within social networks and set very rotten news to people like Mark Zuckerberg that are struggling to make their social media platforms a safer and secure place.

Facebook revised the roles of its product executives on Tuesday which resulted in a new division that was weird in nature. Luckily enough for Facebook's staff, no firings were announced.