By Zulkizilkree - 08.02.2020
Facebook libra congress
Zuckerberg returned to Capitol Hill to testify before the House Financial Services Committee over Facebook's plans for Libra. Within minutes. Mark Zuckerberg will tell Congress on Wednesday he is willing to delay the launch of Facebook's cryptocurrency venture Libra amid growing.
Facebook and Congress have a lot to talk about.
Facebook libra congress the past week, the company facebook libra congress careened through controversies over misinformation, squabbles over election ads, and an oddly statesmanlike speech in DC that sought to put a fresh spin on the Facebook origin story. It should be facebook libra congress.
In the US Congress, nothing is so bipartisan as hating on Facebook. Expect some artful dodging.
Facebook has sought to distance itself from the regulatory hubbub around Libra by putting most of the concerns—the banking regulations, the fears about money laundering—on facebook libra congress Libra Association, the nominally independent group that is to manage the cryptocurrency.
Facebook, despite coming up with the idea for Libra and designing the system facebook libra congress scratch, is keen please click for facebook libra congress note it is but one of the now members launching the currency.
The hearing is scheduled for facebook libra congress am Eastern time on Wednesday. With a stablecoin backed by a basket of currencies, the idea is to reduce the cost facebook libra congress sending money across borders to friends and family, and to provide a facebook libra congress useful tool for small businesses.
The company has said Facebook-enabled mobile money will be a facebook libra congress boon for the unbanked, both in the US and developing nations.
Your cynicism is forgiven.
Facebook CEO Mark Zuckerberg to Testify Before Congress Over Libra Crypto
Otherwise, he adds, China will take the lead on digital payments. Libra has indeed sparked other countries to consider issuing a digital form of central bank money.
China says it has accelerated its efforts and has a facebook libra congress coin almost ready; others like the UK and European Union are considering similar facebook libra congress. But some have questioned whether that arms race is one worth stoking, or if it matters all that much.
Still, invoking China and innovation has become a popular way for tech firms to deflect regulatory concerns, especially antitrust. Last week, Marcus facebook libra congress Reuters the association could consider ditching the currency basket click instead issue facebook libra congress for different countries, backed in the local currency.Watch live: Facebook CEO Zuckerberg is grilled in Congress on cryptocurrency, 2020 election
He echoed Chris Dixon, general facebook libra congress at Andreessen Horowitz, another Libra Association member, who floated the idea earlier this month at Techcrunch Disrupt.
That might assuage concerns by global regulators that Libra is trying to act like a sovereign country issuing facebook libra congress own money supply. Zuckerberg, by the way, still promises not to merge your financial data with your Facebook profile.
Another possibility would facebook libra congress launching in specific countries—perhaps the developing nations where Facebook professes to want to help the unbanked. In his testimony, though, Zuckerberg seems to cast doubt on that idea. Libra was facebook libra congress slated for launch inbut Zuckerberg says Facebook will wait until regulators are satisfied.
How to Watch Oh, the simple pleasures facebook libra congress libra congress public affairs. No streaming subscriptions or premium cable required. The hearing facebook libra congress be televised 10 am ET on C-Span3, which is not on many television sets but is streamable online.
Or you can watch on the website of the House Financial Services Committee.
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