Quote from: counos coin on October 24, 2019, 10:53:43 AM

Zuckerberg: if legislators trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

Congress is right in asking questions about how they are going to handle compliancy and strong identity verification, to which Zuckerberg answer

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is going to have strong identity [verification] and work with all the regulators to make sure were at the standard of AML or CFT that people expect.

Zuckerberg wants to distance himself from the Libra coin because he is just one of the association that controls but the Congress hardly believe that, Libra coin and Facebook is difficult to be separated.

Libra coin will have a hard time and their launching is now in question if they cannot satisfy the regulators, so this is going to be a long series of discussions, let's see in the next hearing if they can satisfy the regulators.