In June of this year, Facebook-led Libra Coin Alliance launched the Libra Coin program and released a white paper. At one time, it opposed and questioned the voices. Up to now, seven alliance member companies have announced their withdrawal from the Libracoin project, which also triggered a warning from the G7. .
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Zuckerberg attends the hearing to accept the inquiry, and the future of Libra is increasingly unclear
On October 23, local time, the US House Financial Services Committee held a hearing on Facebook’s Libra project, and Facebook CEO Zuckerberg attended. This is his first time since April 2018. Accept the inquiry. In June of this year, Facebook-led Libra Coin Alliance launched the Libra Coin program and released a white paper. At one time, it opposed and questioned the voices. Up to now, seven alliance member companies have announced their withdrawal from the Libracoin project, which also triggered a warning from the G7. .
At the hearing, Zuckerberg mentioned the reason for the withdrawal of member companies, that is, “this is a risk project and faces many reviews.” Zuckerberg has long been uncertain about the success of Libra coins. At the 6-hour hearing, he responded positively to some questions…
Editor’s comment: Zuckerberg called for innovation and hoped that the government would come in and develop a regulatory approach. But in mid-October, 21 members formed the Libra Coin Association, which is independent of Facebook…
This article is from the paid section “Daily Business Featured” – October 24
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