An executive from the Libra Association – the association behind Facebook’s digital currency – revealed the launch date of the digital currency in a press interview.

And he said Bertrand Perez, Managing Director and CEO of Libra, said in a press interview: “We are working continuously to keep the launch date of Facebook’s digital currency between the end of the first half or the end of 2020.”

He added that the association is “fully aware” of issues related to money laundering and terrorist financing regulations and will work with regulators to address them.

Politicians from around the world have expressed their concerns about Facebook’s digital currency, with the French Economy Minister stating yesterday that Facebook’s digital currency threatens the monetary sovereignty of governments.

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Nevertheless, Perez is optimistic that Facebook’s digital currency will be launched on schedule because it is able to solve all the problems it is facing now.

• An introductory brief about the new Facebook digital currency

He stated that Facebook’s digital currency reserves will include: the US dollar (USD), the euro (EUR), the yen (JPY), the British pound (GBP) and the Singapore dollar (GBP), and indicated that the Chinese yuan (CNY) will not be part of its reserves.

It is worth noting that the “Libra” association is a non-profit association headquartered in Switzerland and has an office in the United States of America, and the association intends to expand to a number of European and Asian countries.

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The Facebook digital currency was announced about three months ago, and the project aims to develop money transfer services without fees and facilitate money transfers worldwide.