Libra Association Seeks Swiss Payments License for Facebook’s Crypto

News

Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned Libra stablecoin network. Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. “Regulated, low-friction, high-security” blockchain paymentsIn an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the Libra network — explained its choice to coordinate a regulatory framework with the Swiss watchdog:“Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight. We are engaging in…
Click Title Below To Read Details From Source:
Libra Association Seeks Swiss Payments License for Facebook’s Crypto

Leave a Reply

Your email address will not be published. Required fields are marked *