September 11 - 10:09
Facebook's Libra seeks Swiss payments license
Facebook's cryptocurrency, Libra, is seeking a Swiss payment system license under Switzerland's Supervisory Authority (FINMA). FINMA has stated that the project would fall under financial market infrastructure regulation and, as currently planned, “would require a payment system licence from FINMA.”, and that Libra must meet the highest standards of regulatory compliance prior to any launch.
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