Jul 16, 2019 ⋅ 1 min read
In a note from Facebook's David Marcus to the Senate Banking Committee before his hearing Marcus claimed Libra will not launch unless fully regulatory compliant. The private payment network is also not meant to undermine global monetary policy. Libra and wallet provider Calibra will both register with the appropriate regulatory bodies in the United States. As Marcus writes in the note:
I want to be clear: Facebook will not offer the Libra digital currency until we have fully addressed regulatory concerns and received appropriate approvals.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in