Zuck scrutinised

Again Facebook was summoned to Washington DC. This time in the form of Mark Zuckerberg.

“Libra will be backed mostly by dollars and I believe it will extend America’s financial leadership as well as our democratic values and oversight around the world.”

Essence of his testimony: You can kill Libra, but Chinese companies are building exactly the same. Would you like to give the whole market to China?

https://www.forbes.com/sites/michaeldelcastillo/2019/10/23/analysis-of-facebook-ceo-mark-zuckerbergs-cryptocurrency-testimony-before-congressional-hearing/#2844aa4628c5