Since Facebook unveiled its plans in June, its proposed cryptocurrency has been met with regulatory and political skepticism, with France and Germany pledging to block libra from operating in Europe.
Facebook still aims to launch its libra digital currency next year, said David Marcus, the executive leading the initiative, in a new interview.
Authorities' concerns have centered on the project's potential to destabilize the global financial system, interfere with sovereign monetary policy and harm privacy as well as its potential for use in money laundering. Since the U.S. tech company unveiled its plans in June, its proposed cryptocurrency has met with regulatory and political skepticism, with France and Germany pledging to block libra from operating in Europe.
The social media giant's project, announced as it expands into e-commerce, is a high-profile attempt to drag cryptocurrencies into the mainstream.
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