Cryptocurrency Libra won’t be launched until it gets approval: Facebook


Facebook says it won’t launch its cryptocurrency
Libra until it’s approved by the government
and regulators… amid various concerns over
the digital coin.
At a U.S. Senate hearing on Tuesday, David
Marcus,… the head of Facebook subsidiary
Calibra,… said,…. the virtual currency
won’t be offered until it has “fully addressed
regulatory concerns and received appropriate
approvals.”
The launch of the new digital coin has triggered
bipartisan concern in the U.S.,… due to
the possibility of criminal use, privacy issues
and impact on the financial system.

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