fbpx
Skip to content Skip to footer

Facebook to Hold Off Libra until It Gets Approval

Facebook is facing a lot of pressure even before the launch of Libra next year. Recently, Mark Zuckerberg said the digital currency will not be launched until the US regulators approve it. 

Zuckerberg gave a testimony before the US Congress. He addressed doubts and worries about the launch of Libra. He assured earlier that Libra will do the right thing by getting approval from the US Congress. 

Calibra will not share all transactions of clients to Facebook unless being asked for national security issues. Libra promised anti-money laundering standard.

Libra is not expected to replace any fiat money but aims to be the platform of payments.  

BBC reported none of the founding members of the Libra Association had committed to the $10 million fee yet.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us