Thursday 24 October 2019
Facebook‘s billionaire co-founder Mark Zuckerberg stood before US Congress yesterday, in an attempt to change the rhetoric around his company‘s controversial ‘cryptocurrency’ Libra. During the lengthy session, Zuckerberg sought to defend the digital currency, which has faced mounting criticism from lawmakers and regulators, and suffered several blows after some of its high profile partners withdrew their support from the project. Although Facebook originally said it was looking to launch Libra in 2020, Zuckerberg conceded during the somewhat tense hearing that it was still a long way away from a specific launch date. The entrepreneur was also probed on several issues, including whether Facebook…
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