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Swiss financial authority starts review of Facebook's Libra project

Friday 17 April 2020 | 10:24 CET | News
Swiss financial supervisory authority Finma has received the application from the Libra Association for a payment system license. The regulator noted that the outcome and duration of the procedure remain uncertain. The application received by Finma is not complete yet in all its aspects. It differs considerably from the project that was originally submitted, with a view to the Libra payment system also supporting single-currency stable coins as well as the multi-currency Libra payment token. 

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Categories: Internet
Companies: Facebook
Countries: Switzerland / World
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