Mark Zuckerberg set to testify before US House panel on Facebook cryptocurrency

Record ID: 1437997

  • Title: Mark Zuckerberg set to testify before US House panel on Facebook cryptocurrency
  • Date: 22nd October 2019
  • Summary: WASHINGTON, D.C., UNITED STATES (APRIL 10, 2018) (UNRESTRICTED POOL - Broadcasters: NONE Digital NONE) VARIOUS OF FACEBOOK CEO MARK ZUCKERBERG ARRIVING FOR HIS TESTIMONY TO CONGRESS ON PRIVACY ISSUES ZUCKERBERG GREETING LAWMAKERS AND TAKING SEAT
  • Embargoed: 5th November 2019 20:05
  • Keywords: Facebook cryptocurrency Mark Zuckerberg congress Libra
  • Location: WASHINGTON, D.C., UNITED STATES; MENLO PARK, CALIFORNIA, UNITED STATES; UNIDENTIFIED FILMING LOCATIONS;
  • City: WASHINGTON, D.C., UNITED STATES; MENLO PARK, CALIFORNIA, UNITED STATES; UNIDENTIFIED FILMING LOCATIONS;
  • Country: USA
  • Topics: Currencies/Foreign Exchange Markets,Economic Events
  • Reuters ID: LVA001B26KWNB
  • Aspect Ratio: 16:9
  • Story Text:Facebook chief executive Mark Zuckerberg plans to acknowledge on Wednesday (October 23) before Congress that Facebook is not the “ideal messenger” for its Libra cryptocurrency project, given ongoing criticism of the company.
    In prepared testimony, Zuckerberg plans to tell lawmakers he supports delaying Libra’s launch, currently set for mid-2020, until U.S. regulatory concerns are fully addressed. And he will add that the Libra digital currency is intended to facilitate money transfers, not to compete with sovereign currencies or impact monetary policy.
  • Copyright Holder: POOL (CAN SELL)
  • Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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