Zuckerberg: Will work with regulators to properly resolve Libra issues

On July 25th, Mark Zuckerberg wrote on his Facebook that the Libra Association will be independent of Facebook or any other member, but we plan to support this currency in our services. The goal of the Libra project is to enable billions of people around the world who can use services such as WhatsApp but who are excluded from banking services to use a secure, stable, well-regulated cryptocurrency. There are many possibilities here, and Facebook and the association plan to work with regulators to help them resolve all concerns before Libra launches. We worked with other potential members of the Libra Association to publish a white paper in advance that clearly outlines the Libra concept so that we can address these important issues in public, and we will work with policy makers to properly address the issues.