Facebook's head of blockchain and fintech, David Marcus, spoke about the process of working on the Novi wallet.
According to Marcus, Novi Digital Wallet has been licensed in almost every major state in America. He also noted that Facebook managed to begin a constructive dialogue with financial regulators in different countries.
Marcus wrote:
We have received a license or approval for Novi in almost every state, and we will not launch where we have not received such approvals. The Diem Association has become an independent organization that maintains dialogue with US and global regulators.
Additionally:
We solve every problem that stands in the way of launching a high-quality stablecoin and the payment system to support it - all within the US regulatory perimeter.
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According to coingape.com
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