Tech, Telecom & Media
 

July 16, 2019

 
 
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Facebook vows Libra currency will wait for approval as U.S. airs worries
  Facebook vows Libra currency will wait for approval as U.S. airs worries
 

Pete Schroeder and Katanga Johnson

Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity.

 
David Marcus, who oversees Facebook’s blockchain efforts, planned to tell Congress that Libra is not being built to compete with traditional currencies or interfere with monetary policy.

 
 
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Katanga Johnson and Pete Schroeder

 
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