Libra Association formed a cryptocurrency technical development monitoring committee

The Facebook Libra cryptocurrency project association has formed a five-member committee that will oversee the technical development of stablecoin.

The new structure will monitor compliance with the network roadmap and guide the development of the code base as it moves towards the launch, scheduled for late 2020.

In the first quarter, the committee will also present a governance structure that will allowcommunity to make proposals for changes in the technical component of the project and will ensuretransparent process of theirassessment.

Facebook announced stablecoin Libra in Junelast year, positioning it as a convenient and cheap tool for money transfers and payments around the world. Although the launch of the network is scheduled for the end of this year, the pressure from the regulatory authorities of the leading countries questioned not only the timing, but also the prospects for the existence of the cryptocurrency.

However, the team did not suspend work and in November reported that 51,000 transactions had already been completed in the test network and 34 projects had been launched.

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