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 by Staff Writers Washington (AFP) Oct 9, 2019
Facebook chief executive Mark Zuckerberg will testify at the US House of Representatives this month on the social network's plan for a global digital currency, officials announced Wednesday. The House Financial Services Committee said in a statement that Zuckerberg would be the sole witness at the October 23 hearing on "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors." The move comes with Facebook's planned digital coin Libra facing heavy criticism from regulators and lawmakers in the United States and Europe. Earlier this year, David Marcus, Facebook's executive heading the digital coin effort, defended the plan for more than two hours at a Senate Banking Committee meeting and said the cryptocurrency would not be launched without regulatory approval. Marcus and other Facebook executives have claimed the new digital coin could help lower costs for global money transfers and help those without access to the banking system. French economy and finance minister Bruno Le Maire has warned that under current circumstances, Libra posed a threat to the "monetary sovereignty" of governments and could not be authorized in Europe. Last week, digital payments firm PayPal said it was quitting the alliance of companies and organizations promoting Libra, raising questions over Facebook's ability to launch the coin early next year as planned. rl/to
How ESA helps connect industry and spark 5G innovation Paris (ESA) Sep 27, 2019 Connecting people and machines to everything, everywhere and at all times through 5G networks promises to transform society. People will be able to access information and services developed to meet their immediate needs but, for this to happen seamlessly, satellite networks are needed alongside terrestrial ones. The European Space Agency is working with companies keen to develop and use space-enabled seamless 5G connectivity to develop ubiquitous services. At the UK Space Conference, held from 24 ... read more
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