Facebook Says It Will Not Go Ahead With Libra Without Full Governmental Approval

Facebook blockchain exec David Marcus is due to testify before the United States Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, the 16th July, and the committee released a copy of the prepared remarks he is due to give at the start of the session.

In the remarks, the former PayPal president attempts to assuage lawmakers’ concerns about the potential impact of Libra, which faced immediate scrutiny and calls for a moratorium after it was announced with a white paper this year (the currency itself is currently scheduled to launch in 2020).

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