Facebook says it will wait for regulatory approval for libra
US treasury secretary adds his voice to concerns over illicit use of the cryptocurrency
16 July 2019 - 10:06
Washington — Facebook says it will not proceed with the launch of its libra cryptocurrency until regulatory concerns are addressed, as the US treasury secretary took the unusual step of saying he had serious concerns it could be used for illicit activity.
David Marcus, who oversees Facebook’s blockchain efforts, planned to tell the US Congress that libra is not being built to compete with traditional currencies or interfere with monetary policy...
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