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Facebook users who transact in Libra, the social network's planned cryptocurrency, must create digital wallets independent of their online profiles and undergo standard know-your-customer verification, a senior executive with the company testified Tuesday. Administrators of Facebook's planned digital wallet, Calibra, will require Libra users to "authenticate" and upload government-issued identification before allowing them to make and receive payments in the cryptocurrency, Calibra chief executive David Marcus told members of the Senate Banking Committee. "You cannot just use your Facebook account to open a Calibra wallet ... we'll have real identity on top of Calibra wallets," Marcus said. Unlike the blockchains...