Libra co-creator Marcus: 'There is no shortage of desire and shared mission to join this effort'
He later added that "there is no shortage of desire and shared mission to join this effort."
Speaking at an IMF panel, he said the project needed to clear various regulatory hurdles before established financial firms would also look to join."I think it's harder for very large regulated entities to take an active part in this fight right now, given the climate and the pressure. I think that once we've done a really good job as the Libra Association to address these concerns ...
Facebook has helped form a Switzerland-based consortium of companies known as the Libra Association, which will oversee the cryptocurrency project. The group, which began with 28 partners including Facebook, has lost seven founding members since the start of the month, with key payment backers
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