The Block's Frank Chaparro talks Libra on Yahoo! Finance

Facebook • June 18, 2019, 5:03PM EDT
UPDATED: June 18, 2019, 6:06PM EDT
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Picture the scene: The Block's Director of News Frank Chaparro poring over his pre-air notes, his bespectacled face stippled with a hint of semi-permanent 5 o'clock shadow, dabbing lightly at the sweat beading at his brow with a denim hankie, careful not to disturb the TV makeup a production assistant deftly applied in the green room only minutes earlier.

Chaparro sat down with the Yahoo! Finance team to dish on the latest information surrounding Facebook's crypto project, Libra.

Among the topics discussed were the challenges of Facebook moving the coin to a permissionless framework, as well as the attitudes surrounding the more centralized nature of Facebook’s coin both in and out of the crypto community. Chaparro also touched on regulatory questions that could arise due to the coin’s backing by a basket of fiat currencies, including recent remarks of opposition by French Finance Minister Bruno Le Maire. Chaparro breaks down Facebook’s ambitious plans for its coin below:

AUTHOR

Aislinn Keely profile picture Aislinn Keely

Aislinn Keely is a reporter on The Block's policy team holding down the legal beat. She covers court decisions, bankruptcies, regulatory actions and other key moments in the legal sphere, putting them in context for the wider crypto industry. Before The Block, she lent her voice to the NPR affiliate WFUV and helmed Fordham University's student newspaper. Send tips or thoughts on all things policy and legal to [email protected] or follow her on Twitter for updates @AislinnKeely.

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