Fb’s Libra seeks fee system license from Swiss FINMA By Reuters
ZURICH (Reuters) – The Fb-led (O:) Libra cryptocurrency mission is searching for a fee system license beneath Swiss monetary watchdog FINMA, it mentioned on Wednesday, spelling out in additional element the way it hopes to be regulated.
“Switzerland presents a pathway for accountable monetary providers innovation harmonized with international monetary norms and powerful oversight,” the Libra Affiliation mentioned in an announcement. “We’re participating in constructive dialogue with FINMA and are inspired to see a possible pathway for an open-source blockchain community to turn out to be a regulated, low-friction, high-security fee system.”
A senior U.S. Treasury official visiting Switzerland mentioned on Tuesday the Libra mission should meet the very best requirements for combating cash laundering and terrorism financing whether it is to get off the bottom.
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