Facebook is in a poor position to promote its plans to launch a global cryptocurrency, Mark Zuckerberg has admitted, in candid testimony released before a key congressional hearing on Wednesday.
The Facebook chief executive said in the prepared remarks that his company was keen to hand over leadership of the project to an association of its partners, given the range of political controversies that continue to dog his company.
He added: “I’m sure people wish it was anyone but Facebook putting this idea forward.”
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