Launch of Facebook's Libra could be delayed over regulatory concerns: executive - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Three months ago, Facebook announced plans to launch the digital currency in June 2020, in partnership with other members of the Libra Association set up by the US tech giant to manage the project.could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organization set up to oversee the cryptocurrency told Reuters.

Bertrand Perez, managing director of the Geneva-based Libra Association, said discussions were continuing with regulators from Europe and elsewhere to assuage concerns. “We knew that we would have to answer lots of questions coming from regulators on both sides of the Atlantic, and from other parts of the world,” he added in an interview at the United Nations offices in Geneva.

Last week David Marcus, the executive leading the project at Facebook, said the company still aimed to launch the digital currency in 2020.

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