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Libra stablecoin scheduled to launch by end of 2020, says Libra Association chief

Facebook-led Libra stablecoin is expected to launch by the end of the next year, according to an executive from the Libra Association, the non-profit behind the stablecoin.


“We are firmly maintaining our launch schedule, between the end of the first half of the year and the end of 2020,” Bertrand Perez, managing director and chief operating officer of the Libra Association, told French news magazine Les Echos in an interview published Thursday.


Perez said the association is “fully aware” of the issues related to money laundering and terrorist financing, and will work with regulators to address them. Regulators and politicians from around the world have expressed their concerns toward Libra. Just yesterday, France’s Minister of the Economy and Finance, Bruno Le Maire, said Libra threatens the “monetary sovereignty” of governments. Yet, Perez is optimistic that the stablecoin will launch as scheduled as the association will solve “all” problems. Source...

#Libra #Facebook

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