How Facebook Libra Is Seeking Compliance, but May Not Launch by 2020
Facebook Libra is seeking worldwide compliance, but experts are sceptical that the project can meet its 2020 release date due to regulatory uncertainty.
For the cryptosphere, August was marked by the hotly debated announcements of world giants regarding the releases of international cryptocurrencies. The People’s Bank of China (PBoC) announced the imminent release of a national digital currency, Walmart began developing its own blockchain, Binance launching the Venus project, and Pavel Durov’s TON finally shared its release date.
The race was also joined by Facebook, which kept the development of its cryptocurrency a secret until the very last second. At the moment, the company is actively hiring specialists who can convince financial regulators to give the Libra coin the right to exist — and even launched a testnet of the future network.
Will the entities behind Libra (i.e., the Libra Association, which includes Facebook) be able to defeat the skepticism of regulators and the fear of world governments?
The dogs bark, but the caravan goes on
On June 18, Facebook co-founder and CEO Mark Zuckerberg