Mark Zuckerberg reassures US about Facebook’s Libra plans
The CEO says Facebook will not back any move by Libra to launch the cryptocurrency until it has satisfied all US regulatory concerns
Washington, US — Facebook CEO Mark Zuckerberg sought to reassure sceptical US legislators on Wednesday that the company's planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system.
Appearing in a suit and tie before the US House of Representatives financial services committee, Zuckerberg said Facebook would not back any move by Libra, which comprises a consortium of 21 members including venture capital firms and nonprofits, to launch the cryptocurrency until it had satisfied all US regulatory concerns...
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