Facebook is about to face increased scrutiny of its ambitions to launch a cryptocurrency after top members of the US government, the US Senate banking committee will question the company about the cryptocurrency of the balance, while the government seeks to clarify its position on the technology. David Marcus, messaging manager and vice president of messaging products at Facebook, will appear in front of the podium to answer questions from government officials about the company's plans. Facebook is poised to launch Libra and its Calibra digital wallet next year, but hasn't understood what form these two offerings will take. He claimed that he would not launch Libra until all regulatory issues are resolved.
Audience of the pound
Treasury Secretary Steven Mnuchin said at a press conference today that the Treasury Department had "very serious concerns" that Libra could be used by money launderers. 39; money, terrorist financiers and other criminals. This follows the department seeing other major cryptocurrencies being abused to fund a wide range of illegal activities around the world and fearing this could play out if Facebook launches a new offering on its global platform. Despite this, Mnuchin added that the United States "welcomes responsible innovation, including new technologies that can improve the efficiency of the financial system and expand access." financial services.” “Regarding the Facebook Balance Sheet and other developments in cryptocurrency, our primary goal is to maintain the integrity of our financial system and protect it from abuse,” Mnuchin said. The news fell just days after President Trump He tweeted his opposition to cryptocurrencies in general, noting that he was "not a fan" as they were "not sure. 39" silver" and "very volatile and based on clean air."