Home Mashable Mark Zuckerberg's defense of Libra: It's all about China

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Mark Zuckerberg is once again raising the threat posed by China as he looks to defend his company to lawmakers. 

The Facebook CEO will appear before the House Financial Services Committee on Wednesday to answer questions about the company's plans for Libra, its cryptocurrency project that has drawn scrutiny from lawmakers and banking officials around the world.

In prepared remarks released ahead of his testimony, Zuckerberg said he knows there's a lot of distrust of Facebook.

"I believe this is something that needs to get built, but I understand we’re not the ideal messenger right now," he said. "We’ve faced a lot of issues over the past few years, and I’m sure people wish it was anyone but Facebook putting this idea forward." Read more...

More about Tech, Facebook, Libra, Cryptocurrency, and Social Media Companies

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