Australian financial regulator may oversee Facebook’s Calibra wallet

Australian financial regulator may oversee Facebook’s Calibra wallet

The Australian Prudential Regulation Authority (APRA) has submitted an official proposal to oversee Facebook’s stablecoin project Libra. The proposal submitted to the Senate, provides for a regulatory framework dedicated to fintech and regulatory technology. APRA is collaborating with multiple other government agencies to develop a data governance approach.

Chris
Chris
Dusk Cypher
Dusk Cypher 3 months

Oh HELL NO!

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