Facebook says Libra won't be controlled by a single company

Executives involved with Facebook's proposed Libra digital currency say they will work with regulators to address their concerns.

Facebook executive David Marcus on Sunday tried to calm the fears of officials threatening to block its proposed digital currency, saying Libra won't be controlled by a single company.

The head of Facebook's Libra currency project sought to address the main issue raised by France's Economy Minister Bruno Le Maire: the potential for a company to have the power to undermine a government's control of its currency.