In a note published Wednesday, Facebook blockchain lead David Marcus pushed back against calls to stop Libra's development.
If the project is to be truly global, Facebook may need “literally hundreds, perhaps thousands, of licenses from hundreds of different regulators,” said Sean Park.
Buried in Facebook’s Libra white paper are two sentences hinting the project's ambitions go even further than minting a global currency.
Facebook is seeking a data professional to work on its crypto wallet Calibra, as well as a policy specialist to help with regulatory hurdles.
The buck stops with Zuck in the looming fight between the world's governments and Facebook over Libra.
Appearing on CNBC Thursday, the chair of the U.S. House Financial Services Committee doubled down on her calls for Facebook to halt Libra development.
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney.
Facebook is still working on its responses to the U.S. Senate Banking Committee's questions about the Libra coin.
In addition to the Libra coin, Facebook's newly unveiled crypto project also involves a "Libra investment token."
Facebook's newly unveiled Libra blockchain is tackling remittances at first, but it could have a much broader impact.