Libra’s Launch Date Is A Secret
September 26, 2019 10:39 pm
Mark Zuckerberg, CEO at Facebook recently revealed that the social media giant is proceeding with a careful approach to Libra. While talking to Asia-based news outlet Nikkei, Mark seemed to show a rare display of fear in the face of increasing regulatory scrutiny of Libra.
Governments from around the world have been trying to regulate Facebook’s Libra cryptocurrency since its whitepaper was published several months ago. Most of the governments were afraid if Libra could undermine fiat currency systems.
“Part of the approach and how we’ve changed is that now when we do things that are going to be very sensitive for society, we want to have a period where we can go out and talk about them and consult with people and get feedback and work through the issues before rolling them out.”
Recently, the French finance mister stated that the country is planning to block Facebook’s cryptocurrency Libra in the EU over concerns that it might lead a threat to the sovereignty of national currencies. Bruno Le Maire, Economy and Finance Minister of France was speaking at the opening of an OECD conference on blockchain and cryptocurrencies in Paris, France.
Brian Armstrong, CEO at Coinbase also shared his views on Twitter:
“Libra is one of several important crypto projects on the horizon with the potential to improve the world. Whether it works or not still remains to be seen, but I find the backlash to it a bit odd and misguided.”
“And that’s a very different approach than what we might have taken five years ago. But I think it’s the right way for us to do this at the scale that we operate in.”