In an audio recording leaked from an internal meeting on Facebook, and obtained from The Verge, the CEO Mark Zuckerberg expressed his thoughts on the Libra stablecoin project.
In the recording, Zuckerberg reiterated that Libra's goal is to seek "to support a new type of digital money that can work globally and that will be stable“, Adding that Libra is a new type of system that will be implemented by large companies and not just by Facebook. "When it is launched, we expect to have 100 or more companies as an integral part of the system“Said Zuckerberg.
Zuckerberg also acknowledged that "finance is a highly regulated area"And that the team of Facebook must have a more "consultative" approach when launching a project that "touches on socially important aspects of society".
"There are many important issues that need to be addressed in the prevention of money laundering, in the prevention of financing terrorists and the people with whom the different governments say that business cannot be done. There are many requirements for knowing who your customers are. We already focus a lot on true identity, especially on Facebook, so there is even more that we need to do to have this type of product"Said Zuckerberg.
As for the public examination that the Libra project has experienced in recent months, Zuckerberg said he believed that public hearings "they tend to be a little more dramatic"Of private ones, adding that private meetings with various regulators around the world are often"more substantial and less dramatic".
In short, no particularly surprising statement compared to what was already known, but still a confirmation of Zuckerberg's plans and his intention to play a soft role towards regulators.