Facebook has come under fire over its decision not to fact-check ads run by politicians on the platform.
Dorsey says Libra is "not consistent with what I personally believe and what I want our company to stand for.”
Facebook CEO touted his optimistic vision of Libra and what it could mean for people around the world.
The Democrat who chairs the panel has been fiercely critical of Facebook, wants to halt Libra project.
Zuckerberg addresses the government's attempt to break-up the company, it's competition with TikTok, Libra cryptocurrency, more.
Libra’s founders have also been invited to answer key questions about the currency’s scope and design.
Any cryptocurrency project operating in all or substantial parts of the US will have to satisfy US regulatory standards.
FDPIC sent a letter to the Libra association because it had not heard from the group about the project.
“Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust.”
U.S. Federal Reserve Chairman said that serious concerns need to be addressed before its launch
Libra could provide a universal, stable currency without needing to set up an entire payment infrastructure.
It could be a universal currency exchanged across multiple cellphone networks and across borders
Central bankers and financial watchdogs have already raised concerns about Facebook’s Libra
Announcement of Facebook Calibra has focused minds of regulators and central bankers.
Financial Action Task Force (FATF) that tackles money laundering has told countries to tighten oversight of cryptocurrency exchanges
Global central bankers have so far largely refrained from regulating digital currencies
The Governor said the task force would be led by Benoit Coeure, a European Central Bank board member.
Turns out Character, the design firm for Current logo is secretly working with Facebook on the cryptocurrency project.
Facebook has been asked to halt development of Libra until lawmakers and regulators review the project.
The release of Calibra has added to global concerns about what the digital currency could mean for data privacy and security.