Switzerland Open to International Cooperation on Libra, Says Watchdog

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Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network. Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network. In a Sept. 12 interview with Neue Zürcher Zeitung (NZZ), Financial Market Supervisory Authority (FINMA) director Mark Branson said it was illusory to believe that a single country could regulate a project of Libra’s scope on its own.Libra ‘fits perfectly’ into Switzerland’s regulatory frameworkBranson argued that Switzerland’s ambitions to evolve into a major financial center…
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Switzerland Open to International Cooperation on Libra, Says Watchdog

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