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The US House of Representatives will hold a hearing on the Facebook Libra in July



According to a June 24 news release, the US House Financial Services Committee will hold a hearing on July 17 on Facebook's proposed virtual currency, Libra, Maxine Waters, who previously asked Facebook to stop working on the Libra until the Congress and regulators had the opportunity to consider the proposal:

"Given the difficult past of the company, I urge Facebook to agree to a moratorium on any further movement over the development of a cryptocurrency until Congress and the regulators have the opportunity to investigate these issues and take action. In its public statement, Waters also commented on the lack of unified regulation in the crypto-currency market and urged supervisors to look at Facebook's plans to scale as a wake-up call to deal seriously with privacy and national security concerns, cybersecurity risks and Trade risks that are po cryptocurrencies. "

The Senate Banking Committee is reportedly hearing the details of Libra the day before, 1

6 July, at a meeting titled" Examining Digital's proposed digital currency and privacy aspects ".

As reported by Cointelegraph, France is seeking to establish an international task force focused on the regulation of cryptocurrencies through central banks. The Task Force is reported to be a G7 committee working under Benoit Coeure, a member of the Executive Board of the European Central Bank.

France is reportedly opposed to the local currency balance and is concerned about how to enforce compliance, eg anti-money laundering laws.


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