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Facebook Says US Regulators Might Not Slow Libra Abroad

Kolawole damilare

Sept. 11, 2019

Law360 (September 10, 2019, 8:10 PM EDT) -- Facebook has suggested that its Libra digital currency could launch in countries where regulatory concerns have been “fully addressed” even if U.S. regulators are yet to give the green light, according to a letter addressed to the Senate Banking Committee.
In a letter to the Senate Committee on Banking, Housing and Urban Affairs obtained by Law360 on Tuesday, Facebook said it intends to fully cooperate with U.S. regulators on the launch of the Libra digital currency. However, the letter leaves open the potential for Libra to launch abroad prior to receiving approval from U.S. regulators.
The Sept. 3 letter responds to...
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