Switzerland warns Facebook’s Libra it will face extra scrutiny

Switzerland warns Facebook’s Libra it will face extra scrutiny

Switzerland said Wednesday that Facebook’s Libra project could face strict rules that typically apply to banks, on top of tough anti-money laundering laws. The statement by Switzerland’s financial market supervisor FINMA came as the Libra Association said it planned to apply to become a licensed payments system in the country.

Simone
Simone
Daniel McEwen
Daniel McEwen 6 months

Extra scrutiny? When has FB ever proven they could be trusted? They outright lie to some governing bodies and completely ignore others.

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