Libra Association Chief Operating Officer first voiced: Bank members may be added in the future, Libra online time may be adjusted

An executive at the Libra Association, which manages the Facebook cryptocurrency program, said that despite some recent high-profile departures, he "has confidence" that 100 members will join the organization when the Libra digital currency is launched.

In a CNBC telephone interview on Tuesday, Bertrand Perez, chief operating officer and interim managing director of the Libra Association, said companies including banks and financial institutions expressed interest in joining the digital currency program.

Libra

Currently, there are no banks among the 21 founding members of the Libra Association, and many of the established payment companies that originally promised to participate in the project, including Visa and MasterCard, have withdrawn in recent days.

Perez said:

“Visa and MasterCard are unique. I won't tell you that we have the same members, but I will tell you that we have a reputable company and are active in the financial and banking sectors.”

Perez did not disclose the specific company name, but he said that the association will announce a new list of members in the coming months. He added that Facebook is initially scheduled to launch Libra in the first half of next year, but this time may be adjusted to address regulatory issues first.

"With such a grand project and our vision, there will be no major changes even if it is launched in the next few quarters or early."

US Treasury Secretary Steven Mnuchin said in an interview with CNBC on Monday that some companies that withdrew from the project "fear" that they could not meet strict regulatory standards. The Libra project has been closely watched by regulators around the world who are concerned that the project may pose risks to financial stability, facilitate money laundering, raise privacy concerns, or expose sovereign currencies to risks.

Perez said:

“We realized that we need to answer many of the questions raised by regulators and adapt them to this platform, which takes time.”

The founding members of the remaining 21 Libra associations met in Geneva on Monday, elected board members and signed a charter to commit to the Libra digital currency. Five board members include David Calicus, head of Facebook Calibra, and executives from Andreessen Horowitz, financial technology startup PayU, non-profit Kiva Microfunds and blockchain company Xapo Holdings.

These members also appointed three managers to the Geneva-based Libra Association, including Perez.

In June of this year, Facebook first announced plans for the cryptocurrency Libra, the non-profit Libra Association and the Calibra Digital Wallet. In a tweet on Monday, Calibra's Marcus once again reaffirmed the goal of “providing everyone with access to digital currency and financial services and reducing costs”.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Where is the decentralized Chuhe Han Realm? Which is the trend?

❖Centralized Exchanges ❖ The reason for the closure of Fcoin is that the trading platform cannot be res...

Market

With the entry of big players and the halving narrative, is now the best time to buy Bitcoin?

Using the term "ups and downs" to describe the trend of BTC since June is not an exaggeration, or more precisely, it ...

Blockchain

99% of the transaction volume is fraudulent, what is left behind the false prosperity of the currency circle?

The amount of trading fraud has been ridiculous for the people of the coin circle, but all along, there are always bl...

Market

Latest Interview with Zhao Changpeng: Being "Under the Microscope" of Regulation, Market is Recovering in Bearish Period

On May 29th, Binance CEO Changpeng Zhao gave an interview to Bankless discussing his views on the current state of th...

Blockchain

Hilariously Hot Crypto Drama: FTX and Genesis Global Trading Settle for a Cool $175 Million

Bankruptcy Court Approves $175 Million Settlement between Cryptocurrency Companies FTX and Genesis in New York

Blockchain

Compliance, endorsement path: inventory cryptocurrency exchange registration holy place

The increase was 132.58%. Tongcheng Holdings announced that it had changed its name to Firecoin Technology. The found...