Libra, Facebook’s controversial cryptocurrency project, was scheduled to launch by 2020. But now, according to recent statements by Facebook’s CEO Mark Zuckerberg, this release date seems uncertain.
In an interview with Nikkei published on Thursday, Zuckerberg said about the release date of Libra: “We want to move forward sometime soon, and it won’t take us many years. But right now I am really focused on making sure that we do it right. ”
Facebook’s digital currency project has raised objections from regulators worldwide since the launch of Libra’s white paper last June. For these entities, this cryptocurrency is a threat to sovereign currencies, represents a risk to financial stability and is a possible tool that can be used in financial crimes. Even lawmakers in France and the U.S. have called for the project to stop.
It should be recalled that, in mid-September, Libra Association managing director and COO Bertrand Perez had declared that the Libra project would maintain its launch schedule, which was planned between the end of the first half of the year and the end of 2020.
However, Zuckerberg said that Facebook is adopting a more cautious approach when presenting projects that may be “very sensitive to society,” like Libra’s case. “We want to have a period in which we can go out and talk about these projects, consult with people, receive feedback and solve problems before implementing them,” he said.