Mark Zuckerberg to testify in US Congress on Facebook digital currency plan

WASHINGTON: 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.