Facebook's blockchain lead says 'no intention' for Libra to influence global monetary policy
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.
Quick Take
- Facebook’s head of blockchain, David Marcus, is slated to address U.S. lawmakers in the House and Senate this week
- Ahead of his testimony, Marcus provided written testimony in an effort to answer some questions surrounding Facebook’s Libra
- Marcus said Libra won’t launch without regulatory approval
Facebook won’t be launching Libra without regulators’ blessings, and there is apparently no grand scheme for the social network giant-issued token to subvert global monetary policy, according to the testimony of David Marcus, head of Facebook’s blockchain efforts. In a written statement to the Senate Banking Committee, Marcus said he expects Libra will incur the […]
accessprotocol.co
Subscribe for Premium Content
To unlock this and other Premium content, subscribe via Access Protocol. You can pay with SOL.
