Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.
Libra, Facebook’s digital currency project, has faltered in recent weeks amid sustained criticism from lawmakers and regulators over fears it may aid money laundering and upend the global financial system.
That political heat has led several of its key financial partners including Mastercard, Visa, PayPal and eBay to abandon the project.
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