Zuckerberg Says Won’t Launch Libra Without Regulatory Approval
Mark Zuckerberg said Facebook will spend as long as necessary to get regulatory and policy approval for the Libra launch.
Speaking to investors, the head of the largest social network tried to convince them that the company will take a responsible approach to the development of its cryptocurrency project. Due to the importance and tight control of this area, he said, Facebook expected a lot of questions .
Mark Zuckerberg said that 27 potential members of the Libra Association’s board of governors were involved in the development of the white paper, so the team understood that they would have to go through this..
Initially, the cryptocurrency was planned to be launched in the first half of 2020, but since regulators and politicians perceived such an initiative negatively, the timing may be revised. However, Zuckerberg hopes that the open dialogue and detailed explanation of the concept will eventually convince them, no matter how long. will take answers to questions from officials and various experts.
Even though Facebook has yet to launch its cryptocurrency, research shows that investors and social network users no longer trust her.
text: Ivan Malichenko, photo: parismatch