Facebook Admits ‘Early’ Libra Announcement in ‘Heavily Regulated Space’16.8

By CCN Markets: A key Facebook executive has admitted that its Libra cryptocurrency was announced early, amid pushback from regulators. Sheryl Sandberg, the company’s chief operating officer, indicated to Bloomberg TV Wednesday that talks are underway. The project is aiming to launch in 2020. We announced this early. We know this is a heavy, heavily regulated space. We need to talk to people, meet with people and that’s what we’re doing and we are then going to launch. Regulators Are Pushing Back on Libra Libra was unveiled Tuesday with a high-profile list of partners, including Visa, MasterCard and PayPal. Soon after the

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Original source
https://www.ccn.com/crypto/facebook-early-libra-announcement-heavily-regulated/2019/06/21/

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