The clear-cut path of the association:
Link to Libra: offer deep insights into Libra to Japanese institutions
Broaden the network: with Japanese payment and blockchain providers
Regulations: educate policy makers and regulators in Japan
Education: teach the public about Libra usage
Development: organise the Japanese developer network and build together
Validation: one more step towards "permissionless". JIBRA will run nodes.
The independent association was jointly founded in June 2019 with the announcement of Facebook's
Japan is very forward thinking and embraces cryptocurrencies as no other country in the world.
Japan's long and sometimes difficult crypto history demands strict regulations and Japan now
offers a high standards of checks and balances to protect crypto users.
We think that Libra needs to be included in this regulatory framework to further the adoption in Japan.
The members of JIBRA are also active in research and development and can thus collect the expertise that exists in the East to maintain a good and fruitful relationship with Libra development in the West.
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