Facebook seeks Swiss licence for Libra cryptocurrency

Facebook seeks Swiss licence for Libra cryptocurrency – CityAM

Facebook’s cryptocurrency project Libra has applied for a payment licence from Switzerland’s financial watchdog, following a widespread backlash from politicians and regulators. The Libra Association announced today that it intended to apply for a licence from Switzerland’s Financial Market Supervisory Authority (FINMA) to be regulated as a payment systems operator and had “submitted a request for a ruling to clarify the regulatory status” of the new currency to ensure it is given the appropriate licence.