Heath Behncke, a founder of the Australian consortium’s bid for Libra Association membership, has recently returned from the OECD Blockchain Conference in Paris and saw a significant and growing interest in Libra’s innovation, despite media reporting to the contrary.So Zuck is taking the plunge.
While France and Germany publicly declared ‘banning’ Libra, behind the scenes, “Libra was on everyone’s lips, and a strong feeling that it would become a reality,” Behncke said. “Bertrand Perez, Managing Director & COO of the Libra Association, was swamped and needed to be escorted in and out of the building because of the sheer number of people who wanted to talk to him.”
It’s no surprise that governments and central banks feel threatened by Libra, particularly as it aims to make global money movement far more affordable, faster and secure – something governments and central banks haven’t been able to do. Behncke explained that “the Swiss regulators have acknowledged blockchain innovations and Libra is now working with them to get a license, making implementation closer to being a reality.”
We can see why the FBI has stepped on on Zuck's plan for end to end encryption. Zuck is planning a two sided entry into sandbox. Support Libra then support bearer assets. It seems we now have Zuck and Tim on th same side vs the regulators.
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