Facebook CEO Mark Zuckerberg testifies before a U.S. Congressional committee on Wednesday. The committee peppered Zuckerberg with tough questions about the companys plans for a cryptocurrency called Libra. Zuckerberg told the committee that he expects the Libra Association and Facebook’s Calibra subsidiary to follow all financial regulations from agencies such as the Federal Reserve, Federal Reserve and the Bank Secrecy Act. The Switzerland-based not-for-profit body that will oversee the cryptocurrency expects to launch Libra in 2020. Zuckerberg: “Facebook will not be part of launching Libra payments system anywhere in the world””]
Source: https://www.cuinfosecurity.com/congress-grills-facebooks-zuckerberg-on-cryptocurrency-plans-a-13288