Zuckerberg, again before the US Congress: now for the cryptocurrency Libra

The launch of the Libra, announced last June, has caused concern among governments, legislators and central bankers in several countries due to the lack of regulations on "stablecoins", crypto – currencies based on real currencies.

But it is above all the massive character that Libra could acquire once launched – mounted on the basis of more than 2,200 million Facebook users worldwide– what worries the authorities, who warn about dangers such as the potential impact on the financial system or its potential use for money laundering.

According to the New York Times, lawmakers should take a critical stance on Facebook 's initiative, especially because the head of the host commission, Democrat Maxine Waters, has "violently" criticized the network. social and demanded that he stop the project.

Although managed by Facebook, Libra will be managed by a consortium of 28 companies, including Argentina's Mercado Libre, Spotify, Visa and Mastercard.

However, after intense questions – particularly from the German and French governments – some Libra Association partners have begun withdrawing public support for the initiative, while the PayPal payment company announced last week its intention to leave the project.

In addition to launching cryptocurrency, Zuckerberg should answer questions about Facebook's advertising tactics.among other things, selling targeted advertising that was "racially discriminatory", according to the New York Times.

The largest social network in the world is the subject of several simultaneous investigations in the United States, including one from the Federal Trade Commission and another of a group of prosecutors examining possible monopolistic practices.