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Facebook CEO Tries to Allay Congressional Concerns about Planned Launch of
Cryptocurrency

Associated Press

   WASHINGTON - As Facebook CEO Mark Zuckerberg sought to allay lawmakers'
   concerns Wednesday about the planned launch of a global digital
   currency, House Financial Services Committee Chairwoman Maxine Waters
   renewed her call to halt the launch and even suggested the company
   should be broken up.

   During testimony before the committee, Zuckerberg acknowledged the
   planned 2020 rollout is a "risky project," but said the cryptocurrency
   would provide a secure method for millions of Americans who don't have
   bank accounts to make low-cost fund transfers.

   "People pay far too high a cost, and have to wait too long, to send
   money home to their families abroad. The current system is failing
   them,"

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