24 and 26 August 2019. Data protection regulators internationally issued a statement asking Facebook to protect personal data of users, and to detail Libra's planned practices for handling personal data, in the light of "previous episodes where Facebook’s handling of people’s information has not met the expectations of regulators, or their own users." Finance Watch describes Libra as a "huge risk to public monetary sovereignty" and "concludes that Libra is a bad idea – for its users, for the stability of our financial system, and last but not least for our democracy." On September 16, 2019, officials from the Libra consortium, including J.P. Morgan and Facebook, met with officials from 26 central banks, including the Federal Reserve and Bank of England, in Basel, Switzerland and the meeting was chaired by European Central Bank board member Benoît Cœuré, a vocal Libra critic. Privacy concerns Industry observers have speculated whether Libra will provide meaningful privacy to its users. Facebook's plan is to let its subsidiary Novi Financial manage Libra for Facebook users, and Facebook executives have stated that Novi will not share account holder's purchase information with Facebook without authorization. However, the system is also planned to include a friend-finder search function, and the use of this function will constitute permission for Novi to combine the account holder's transaction history with their Facebook account. In August 2019, according to CNBC, top data protection officials including Democratic FTC commissioner Rohit Chopra, U.K. Information Commissioner Elizabeth Denham, EU Data Protection Supervisor Giovanni Buttarelli, and other top regulators from Australia, Canada, Albania, and Burkina Faso in a joint statement expressed doubts over Facebook's proposed digital currency project Libra (Diem). According to CNBC, Facebook has confirmed that governments and regulators throughout the world are scrutinizing Libra. In general, consumer advocates and public interest groups have opposed Diem on privacy grounds and rejected the tethering of financial services to mass surveillance. Antitrust concerns Scholars have highlighted several antitrust risks associated with Diem, namely, a risk of collusion between association members, a risk of tying between Diem and Novi, and a risk of exclusivity agreements if Novi is required to use Diem within Facebook environment. Fake Libra websites Facebook tries to police inaccurate information and fake Libra websites on its platform. According to The Washington Post, nearly a dozen fake accounts, pages, and groups on Facebook and Instagram advertised themselves as legitimate centres for the Libra digital currency,