David Marcus, head of blockchain for social media giant Facebook, claims that Libra's anti-money laundering (AML) standard, which Facebook plans to launch, will outperform other payment networks.
According to financial publication Finextra, Marcus made the remarks at the Money 20/20 conference in Las Vegas. He said in an interview, "I want to say that the efficiency of regulation on Libra may be It is much higher than other payment networks."
- Opinion | ETH is a reserve asset with a final value of several tens of trillion dollars
- Swiss FINMA issued a guide to the stable currency, proposing Libra to obtain the necessary conditions for payment of the license
- Opinion | a16z: Libra should give up a basket of currencies, only anchored with the dollar
- Expert comment: Development blockchain should pay attention to open source governance experience
- Fujian Quanzhou realized blockchain electronic license + entity license issued simultaneously
- Dialogue Chairman of the Wanxiang Blockchain Xiao Feng: The blockchain field can produce Ali Tencent level company
Marcus said the network's underlying blockchain technology will enable regulators to better track transactions and identify suspicious activity, he added.
“The blockchain as an open ledger allows the regulator to view the data and determine where the risk is, without relying on the investigation report. We are responsible for this work, and with the appropriate governance structure, we can now prove this improvement. ""
As the head of the encrypted wallet Calibra, Marcus also said that any wallet can be added to the network as long as it conforms to the AML and KYC standards. “Our design is designed to increase competitiveness, but we still need to gain trust in order to promote the use of Calibra,” Marcus said.
Marcus believes that Libra will improve the lives of millions of people by providing a global payment network because "people should get a better life."
Since its announcement in June this year, Facebook's Libra project has been opposed and questioned by governments, central banks, and legislative and regulatory agencies. Marcus said, "The most meaningful innovations will profoundly change the lives of millions of people around the world, which will inevitably attract people's attention."
Image source: pixabay
By Xiu MU
This article comes from the push bitpush.news, reproduced need to indicate the source.