The state of the Libra project
The Story of Money
Manuela Saragosa
4.4 • 400 Ratings
🗓️ 24 October 2019
⏱️ 21 minutes
🧾️ Download transcript
Summary
Earlier this year, Facebook announced its digital currency project, Libra, to great fanfare. Just a few months later, the project has stalled amid pressure from regulators and lawmakers around the world. With the FT's Hannah Murphy and Kiran Stacey.
Further reading:
Where it all went wrong for Facebook’s Libra: https://www.ft.com/content/6e29a1f0-ef1e-11e9-ad1e-4367d8281195
Zuckerberg warns blocking Libra will be boon to China tech: https://www.ft.com/content/28c600de-f5a1-11e9-9ef3-eca8fc8f2d65
Federal Reserve sets out regulatory challenges facing Facebook’s Libra: https://www.ft.com/content/ef650f9a-f052-11e9-ad1e-4367d8281195
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Transcript
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| 0:00.0 | Am I missing anything? Is this the right decision? |
| 0:02.0 | Could it be a alternative? |
| 0:04.0 | Am I too late? |
| 0:05.0 | Find clarity in your investment decision-making. |
| 0:08.0 | Manage your portfolio for sustainable growth |
| 0:11.0 | and regulatory alignment |
| 0:12.0 | with the ultimate blend of powerful AI and |
| 0:14.6 | industry expertise. |
| 0:16.5 | Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on |
| 0:21.1 | facts, not opinions. |
| 0:23.0 | Clarity AI, scaling human decisions through tech. |
| 0:26.6 | Visit clarity. |
| 0:27.7 | AI and take action today. |
| 0:30.4 | Thank you. |
| 0:31.1 | Chairwoman Waters, Ranking Member McHenry and members of the committee |
| 0:35.0 | thank you for the opportunity to testify |
| 0:38.0 | That's Facebook Chief Executive Mark Zuckerberg |
| 0:41.0 | We faced a lot of issues over the past few years and I'm sure there are a lot of people who wish |
| 0:46.0 | it were anyone but Facebook who were helping to propose this. |
| 0:50.2 | With 2.7 billion users worldwide, the social network holds considerable power over the way many of us |
| 0:55.9 | communicate and get information, which is why when it announced Project Libra, the development |
| 1:01.6 | of a digital currency, everyone from politicians to chief executives |
... |
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