Facebook says Libra won’t launch without US approval

A screenshot of Facebook's website for Libra. (libra.org)
BARBARA ORTUTAY AP Technology Writer SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg aims to reassure Congress on Wednesday that his company won't try to evade financial regulators as it prepares its planned digital currency Libra. In prepared remarks released Tuesday ahead of a hearing before the House Financial Services Committee, Zuckerberg says that Facebook "will not be a part of launching the Libra payments system anywhere in the world unless all U.S. regulators approve it." That's a stronger statement than Facebook official David Marcus made in July, when he said the company will not offer Libra until it has "fully addressed regulatory concerns and received appropriate approvals." Marcus leads the Libra project at Facebook. Zuckerberg is trying to defend Libra and alleviat
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