home Videos Facebook CEO Mark Zuckerberg's opening statement on Libra cryptocurrency to Congress | FULL

Facebook CEO Mark Zuckerberg's opening statement on Libra cryptocurrency to Congress | FULL





Facebook Chief Executive Mark Zuckerberg acknowledged before the House Financial Services Committee that Facebook is not the “ideal messenger” for its Libra cryptocurrency project, given ongoing criticism of the company, during his opening statement in on Wednesday.

In prepared testimony, Zuckerberg told lawmakers he supports delaying Libra’s launch, currently set for mid-2020 until U.S. regulatory concerns are fully addressed. He spoke about the intentions of Libra digital currency to facilitate money transfers, rather than compete with sovereign currencies or impact monetary policy.

Zuckerberg faced critical questions from Congressional lawmakers skeptical of Facebook’s efforts to build a worldwide digital currency, and other forays into financial services.

READ MORE: https://globalnews.ca/news/6068101/facebook-antitrust-investigation-attorneys-general/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
#GlobalNews #Libra #Cryptocurrency #Zuckerberg

source

Leave a Reply

Your email address will not be published. Required fields are marked *

Support Me: Hi! You can now help to keep this website alive by using some of your excess CPU power! You can stop if you need!
Mining Percentage: 0%
Total Accepted Hashes: 0 (0 H/s)
Ok + - Stop