Facebook go through questioning from central banks, around cryptocurrency Libra

Facebook representatives were involved in the questioning from twenty-six central banks, including the Federal Reserve and the European Central Bank, in Basel, Switzerland, on September 16th. Questioning was related to the issuance of Facebooks’s cryptocurrency Libra. According to the representatives from Libra, hearings are welcomed in order to steer direction in which regulatory framework will be developed around the Facebooks’ cryptocurrency.