THELOGICALINDIAN - The US House of Representatives wants Facebook CEO Mark Zuckerberg to arise in its Financial Services Committee to altercate the Libra cryptocurrency activity afore January 2024
House Committee Presses for Zuckerberg’s Testimony
As ahead appear by Bitcoinist, Facebook’s arch operating administrator Sheryl Sandberg is set to accommodated with the U.S. Congress after in October.
According to San Francisco-based media aperture The Information, this affair is on the condition that Zuckerberg appears afore the board by January 2020.
Inside sources accustomed with the amount say Congress is agog to accept Facebook’s top bureaucracy accommodate abundant advice about the Libra cryptocurrency project.
Since the absolution of the Libra white paper, both U.S. House and Senate panels accept met with senior Facebook officials.
Committee armchair Maxine Waters charcoal a articulate analyzer of Libra. In backward September, Libra arch David Marcus appear that the activity will barrage in 2020 admitting authoritative concerns. According to CNBC, Rep. Waters (D-CA) wasn’t afflicted with Marcus’s statements.
PayPal Mulls Quitting Libra Association
In addition development, all-around payments behemothic PayPal is the latest accomplice to accept anxiety about Zuckerberg’s Libra cryptocurrency project.
As reported by Bitcoinist beforehand in October, both Visa and Mastercard are growing algid anxiety over Facebook’s proposed crypto.
According to the Financial Times (FT), PayPal assembly failed to appear a affair of Libra backers. Inside sources say PayPal was the alone one of the 28 backers not present in the meeting.
Reports announce that PayPal is ill at affluence with the authoritative backfire adjoin the project. An bearding antecedent with ties to the aggregation told FT:
Governments Want Backdoor WhatsApp Access
Apart from Libra, the U.S. government is additionally acute Facebook for backdoor access to its messaging apps.
In an accessible letter to the amusing media behemothic assembly of the U.S., the U.K., and Australian governments apprenticed Zuckerberg not to cycle out end-to-end encryption on all its messaging apps after accouterment admission to government aegis agencies.
In response, a agent for Facebook declared:
Do you anticipate aboriginal backers of Facebook’s Libra cryptocurrency will abide with the activity or cull out due to authoritative uncertainty? Let us apperceive in the comments below.
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