San Francisco, July 16: Facebook is not going to launch its digital coin Libra unless regulators are fully satisfied and all necessary approvals are in place. Under Facebook subsidiary Calibra, the social networking giant has planned to introduce a digital wallet for Libra. The wallet will be available on Messenger, WhatsApp and as a standalone app and is expected to be launched in 2020. According to David Marcus, Head of Calibra who is set to face Senate Banking Committee over Libra concerns on Tuesday, US and state regulators will be involved when it comes to regulating services that offer Libra, reports The Verge.
Facebook is treating Libra as a "payment tool, not an investment". States 2013 Carnival Triumph Incident That Is Subject of Netflix’s New Documentary