Facebook’s Digital Currency Is a ‘Long Way From Launch’ but It’s Already Under Government Scrutiny20

Facebook Chief Operating Officer Sheryl Sandberg said Wednesday that the company's planned cryptocurrency coin is a "long way from launch," but policy makers are already gearing up to scrutinize it with U.S. lawmakers planning to hold a hearing next month.

"Regulators have concerns," Sandberg acknowledged Wednesday in an interview with Bloomberg TV at the Cannes Lions International Festival of Creativity in France. "We're already meeting with them. We know we have a lot of work to do, but this was an announcement of what we would like to do with a roadmap for people to jump in and help us do it."

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