Facebook’s David Marcus says regulatory concerns to be ‘fully addressed’ before Libra launch

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Facebook’s David Marcus says regulatory concerns to be ‘fully addressed’ before Libra launch GlobeBusiness

“The Libra Association, which will manage the Reserve, has no intention of competing with any sovereign currencies or entering the monetary policy arena,” Marcus will say, according to prepared testimony posted by the Senate Banking Committee.

“Monetary policy is properly the province of central banks.”Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to

 

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