Libra Association hires former HSBC veteran to head its stablecoin project

[tabas]

I thought that Libra won't pursue it anymore. But here they go, hiring some professionals that were from the banking industry.
Any source where we can read about their hearings?

Why kill the goose that lays the golden egg? Libra has every chance of being realized in a regulated field, the only question is how they will succeed.
They probably want to do this through the banking sector. It is interesting that Libra has no competitors yet, because Pavel Durov's TON, in fact, was killed by American regulators.

I see the reaction of other countries as the competitor of Libra and that's the CBDC. Needless to say, this is Facebook and it's wider than we can ever think of.
They can succeed but there are too many barriers that are stopping them which are questioning them. I'm not a supporter of this project but something like this who's already in the mainstream can easily manage their pavement to success.

Libra's advantage lies in the fact that the project has been developed for a long time, while there is a constant dialogue with the regulators.
Other projects have yet to go this way, while Libra already at this stage has enough to proliferate her interests in Congress and the Senate.

It will influence the regulators and the government that they should also take into consideration projects like this. If not, people will just go turnaway from what they've allowing.
But with this curiosity and hearings, they'll have an idea what crypto is all about and this isn't just an advantage for Libra.

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[Ozero]

I expected Libra to launch already but nonetheless hiring veterans to spearhead their the development of calibra. That's a great step in the right direction. Is libra still on track to launch this year?

The reshuffles and new appointments to the leadership positions of the Libra project have already been carried out in the spring. With such decisions, Zuckerberg decided, it seems, to periodically remind about his project. The time of the great Libra project has already passed, and this stablecoin has not yet appeared. If it does appear, it will already be one of the many unremarkable projects. In my opinion, the emergence of the digital yuan will be a more significant event.

[beerlover]

Libra needs to deal with a ton of stuff to become legit because facebook is one of the biggest companies in the whole world and their products are used every day all the time and that means they are a lot more intertwined with the government and IRS and SEC as well, even their Ireland scheme is getting so much attention so it is a quite important thing if they manage to make Libra a reality.

However, what we are missing out is the fact that IF they actually do manage to make Libra a reality and there is a stable currency called Libra that exchanges list or pair with crypto coins and you can use it in many places of facebook's companies, that is as legit as it comes and the attention and the hype it will create will be nothing we have ever seen in the crypto world.