By John Eggerton, Broadcasting & Cable Online, 10-23-19

Facebook CEO Mark Zuckerberg said the company will not launch its Libra digital currency payment system anywhere in the world unless and until it gets a sign-off from U.S. regulators.

That came in prepared testimony for a Senate Financial Services Committee hearing Wednesday (Oct. 23) on Facebook’s proposed cryptocurrency and the Calibra digital wallet app….

The Facebook founder also talked more generally about the anti-Big Tech sentiment in Washington, and the potential that impeding U.S. tech progress could leave the field open for foreign governments or companies with “very different values.”…

That said, Zuckerberg renewed his call for “a more active role for governments and regulators on harmful content, protecting elections, privacy, and data portability.”  » Read More