Share this article
Facebook-Led Libra Could Be Boon to UN, Says Crypto Project's Chief
The head of the Libra Association has argued that the Facebook-led cryptocurrency could help the U.N. achieve its sustainable development goals.
Updated Sep 13, 2021, 11:30 a.m. Published Sep 27, 2019, 9:53 a.m.
Make us preferred on Google
The head of the Libra Association has argued that the Facebook-led cryptocurrency could be a boon to the U.N., according to Reuters.
Talking at a blockchain event hosted at the U.N. headquarters in Geneva – where the non-profit association is incorporated – managing director Bertrand Perez said the cryptocurrency could help the intergovernmental organization achieve its sustainable development goals (SDGs) in areas such as eliminating poverty and achieving gender equality.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Libra is planned as a stablecoin backed by a reserve of fiat currencies and government bonds. It is slated for launch in mid-to-late 2020, although Facebook CEO Mark Zuckerberg yesterday appeared to suggest that timeline is not set in stone.
Perez also addressed concerns from regulators that Libra could be a threat to national monetary policy, saying it is not creating money with the project.
France has said it would seek to block Libra in the EU due to the threat to its "monetary sovereignty," while Germany and the U.S. have also expressed similar fears.
Perez stressed:
“We are not in the area of implementing any monetary policy with the [Libra] Reserve.”
Forbes also reports that, during the 73rd United Nations General Assembly (UNGA) this week in New York, that blockchain is increasingly being viewed as a tech that could help the organization achieve its SDGs.
Dr. Jane Thomason from University College London's Centre for Blockchain Technology said, “An increasing number of blockchain events at and around the UNGA this year focused on demonstrating how blockchain is continuing to contribute to the SDGs by offering up some excellent use cases.”
U.N., Geneva, image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
What to know:
- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
- Gold remains the preferred hedge for short-term risks, while bitcoin is better suited for long-term monetary and geopolitical uncertainties that unfold over years.
Top Stories
