Facebook's Sandberg Says Libra Coin Is 'Long Way From Launch'

The video introduces the Libre Association, a global initiative based in Geneva with 27 partners, including major companies and NGOs. The goal is to create a more inclusive global cryptocurrency. The project faces regulatory challenges, and the association is actively engaging with regulators. The initiative is not controlled by Facebook, and a White Paper has been published to outline the roadmap. The association is in the early stages, focusing on collaboration and addressing regulatory concerns.

What is the primary goal of the Libre Association?

• To launch a new streaming service

• To establish a new financial institution

• To develop a global cryptocurrency

• To create a new social media platform

Which of the following companies is NOT mentioned as a partner of the Libre Association?

• Spotify

• Amazon

• MasterCard

• PayPal

What is a major concern for the Libre Association as it moves forward?

• Competition from other cryptocurrencies

• Lack of funding

• Regulatory scrutiny

• Technical challenges

How is the Libre Association structured in relation to Facebook?

• It is a subsidiary of Facebook

• It is a joint venture with Facebook

• It is a department within Facebook

• It operates independently from Facebook

What has the Libre Association accomplished so far?

• Completed all partnerships

• Published a White Paper

• Secured regulatory approval

• Launched its cryptocurrency