“We will launch Libra only after all issues have been resolved with the regulators”

Mark Zuckerberg, general of Facebook’s largest social networking site, said the company is ready to resolve all differences with Libra’s regulators.

At a conference on the results of the second quarter of 2019, Zuckerberg stressed that several years ago Facebook would launch a new product without asking permission from regulators. But now the company’s policy has changed.

“We entered the period when we will work as long as necessary to answer questions from regulators and various experts. And only after the resolution of all concerns will we find out the best way to move forward, ”the CEO told Facebook.

Zuckerberg also stressed that even while working on the White Book of the Facebook project and other 27 members of the Libra association, they expected regulators to pay close attention to Libra, as the financial area is tightly regulated. Therefore, many questions and concerns of various organs did not come as a surprise.

“We try to provide a safe, stable and well-regulated product, we always have a strategy for development and promotion,” Zuckerberg said.

In addition, he said that Facebook has other projects, such as Instagram Shopping, the Facebook Marketplace and Whatsapp Business, but only Libra has attracted close attention of regulators.

Recently, UK legislators also spoke
Libra confidentiality questions and expressed doubt that Facebook will be able to adequately protect the financial data of billions of its users.