Libra Official Says Launch Date Depends on Discussions With Regulators

The video discusses the ongoing regulatory discussions and compliance efforts for launching a new platform. It covers the timeline for launch, the application process for a FINMA license, and hiring plans in Geneva and Silicon Valley. The focus is on building a sustainable, compliant platform that addresses the needs of the underbanked population. Anti-money laundering measures are also highlighted as a key compliance area.

What is the primary reason for the delay in launching the platform?

• Ongoing discussions with regulators

• Technical issues with the platform

• Lack of funding

• Market competition

What is the role of FINMA in the context of the platform?

• To provide technical support

• To regulate the platform as a payment system

• To manage the platform's marketing

• To offer financial investment

Where is the headquarters of the Libre Association located?

• Geneva

• New York

• London

• Silicon Valley

What is the main goal of the platform in terms of its target audience?

• To focus solely on European customers

• To compete with existing banks

• To reach underbanked and unbanked populations

• To dominate the Chinese market

How does the platform align with the UN's Sustainable Development Goals?

• By providing a way to store and transfer money

• By supporting renewable energy projects

• By reducing carbon emissions

• By promoting digital literacy

What measures are being implemented to prevent money laundering?

• Measures at the protocol level

• Traditional banking methods

• Partnerships with local banks

• Increased transaction fees

What is the platform's approach to compliance with law enforcement?

• Ignoring regulations

• Detecting and reporting issues

• Outsourcing compliance tasks

• Implementing traditional methods