Cryptographic asset "Libra" Not involved in issuance until US authorities' approval FB Oct 23 10:17
With regard to the crypto asset Libra, which is planned to be issued by Facebook in the US, CEO Zuckerberg has revealed that it will not be involved in the issue until it is approved by all US regulators.
Libra is a crypto asset that Facebook plans to issue, and it is a concept that allows you to transfer money with smartphones, but there are concerns from regulators in each country whether personal information will be protected, Libra's Some companies have left the Libra Association, the organization responsible for the operation.
The US Congress is scheduled to hold a hearing with the head of the company, Zuckerberg CEO on the 23rd.
In this, Mr. Zuckerberg emphasizes his attitude to comply with US regulations as `` Facebook will not be involved in issuing Libra anywhere in the world until it is approved by all regulatory authorities in the United States '' .
At the same time, Zuckerberg said, “China is moving quickly and will come up with a similar concept in the next few months. If the United States stops innovation in finance, leadership will not be guaranteed.” He expressed his desire to get the support of Congress.
However, the distrust of the company that has leaked a large amount of personal data in the past is deep-rooted, and it is expected that severe questions will be repeated one after another.