Oct.01 — Spencer Bogart, Blockchain Capital general partner, discusses the outlook for Facebook Inc.’s crypto plans with Bloomberg’s Taylor Riggs on “Bloomberg Technology.”

Facebook has revealed plans for its ambitious new digital currency, Libra, to launch in the first half of 2020. Libra, operating on a version of blockchain, hopes to become a widely adopted payment method, supported by Facebook’s 2.4 bn users and a coalition of global corporations including Uber, Visa, and Spotify.

Libra’s scale and potential to disrupt financial services markets pose a myriad of challenges. While Libra could bring about economic benefits, especially to those with limited access to traditional financial services, regulators worldwide are concerned with how to ensure Libra meets the highest standards to prevent money-laundering, tax evasion, or hacking. Join our expert discussion to learn more about these emerging challenges.

Join us on Thursday, July 11, 2019 at 9:00 a.m. at the Atlantic Council headquarters (1030 15th Street, NW, 12th Floor, Washington, DC 20005) for what promises to be a timely and informative discussion. This event is on-the-record and open to the media.

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“We realize there’s a number of hurdles left to be overcome and crossed,” says Dante Disparte, head of policy and communications at Libra Association. Disparte outlines the three main priorities for the digital currency project to take off in 2020. Regulation is just the first one.