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Mark Zuckerberg: Facebook Libra to comply with regulations before launch

Through a recorded Q2 conference call, Mark Zuckerberg has expressed his state of readiness for Facebook Libra to comply with regulations prior to launch.


Co-founder of the most popular social networking site, Facebook, declared that the organization will do whatever it takes to acquire the green signal from the US regulators and get the coast clear for its launch.


Earlier in the month, the American Congress counteracted Facebook’s cryptocurrency development plans on the grounds of data privacy and national security threats.


The official letter also pointed out insufficient information in Libra’s whitepaper stating that the coin’s official document does not address its intent, role, and application. Read More at Cryptopolitan...

#Libra #Regulations #Stablecoins

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