Zuckerberg, in Washington to Talk Cryptocurrency, Gets Grilled on Everything [View all]
Source: New York Times
WASHINGTON — Mark Zuckerberg, Facebook’s chief executive, returned to the hot seat on Wednesday to defend a cryptocurrency project that has become the latest target of criticism from lawmakers frustrated with the social media giant.
He ended up defending Facebook on a range of issues, from political advertising to housing discrimination and child pornography.
In a hearing before the House Financial Services Committee, Mr. Zuckerberg presented a rosy view of how the cryptocurrency would provide a safe way for billions of people around the world without bank accounts to exchange money affordably.
And in a response to an outcry from financial regulators, he said Facebook would not offer Libra, its cryptocurrency initiative, anywhere in the world “unless all U.S. regulators approve it.”
Read more: https://www.msn.com/en-us/news/technology/zuckerberg-defends-facebook-cryptocurrency-project-to-house-committee/ar-AAJdZwi?li=BBnb7Kz
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