Facebook CEO Says Libra Won’t Launch Until U.S. Approves
- Zuckerberg warns about competition from China, other countries
- CEO says he understands Facebook isn’t the ‘ideal messenger’
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Mark Zuckerberg plans to defend Facebook Inc.’s Libra project before a congressional panel on Wednesday, saying the cryptocurrency won’t be launched without approval from the U.S. government.
In prepared remarks ahead of a hearing in the House Financial Services Committee, he argued the company is seeking to offer an affordable solution to existing methods of sending money abroad.