2019-10-2 00:00 |
"We are not here to make such projects impossible," Mark Branson, CEO of the Swiss Financial Market Supervisory Authority, said of Libra.
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The Swiss financial control agency believes Libra is transparent enough, but worries about unregulated “dark corner” projects that suddenly become too big to control.
2019-10-2 11:45 | |
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The conspicuous absence of even a single bank as a founding member of Facebook’s cryptocurrency project was never “intentional," according to the co-creator of Libra, David Marcus. Facebook, he said, would love to have banks involved.
2019-9-22 23:37 | |
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The Libra Association announced that it will pursue a payment system license under the Swiss Financial Market Supervisory Authority’s (FINMA) supervision. The group, which oversees Facebook’s controversial cryptocurrency, chose Switzerland as its main regulator despite scrutiny from U.
2019-9-13 23:45 | |
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While Facebook (FB) is planning to acquire Swiss payment system license for Libra, France is not at all interested in letting its cryptocurrency project — expected to launch in 2020 — get off the ground.
2019-9-12 18:44 | |
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FINMA's director has spoken out about the risks of working with a major project like Facebook's Libra, and said there are also potential benefits.
2019-9-12 12:15 | |
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Facebook’s Project Libra has applied for a payment system license from the Swiss Financial Market Supervisory Authority (FINMA). FINMA says Libra’s service offerings will, however, require a broader oversight that would include operational risks, liquidity and more, according to a Reuters report on September 11, 2019.
2019-9-12 09:00 | |
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According to a notification issued by FINMA, the regulator has confirmed that stablecoins will be treated just like any other blockchain-based token in Switzerland, September 11, 2019. The Libra Association requested FINMA to disclose how the network would be treated, and the regulator has stated that Libra will be classified as financial infrastructure.
2019-9-12 23:00 | |
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Switzerland’s financial regulator has indicated that Facebook’s cryptocurrency project Libra will be required to meet additional requirements besides getting a payment system license prior to starting operations.
2019-9-12 18:01 | |
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Facebook’s cryptocurrency project Libra is now seeking a Swiss payment license, said financial watchdog FINMA on Wednesday. Social media giant Facebook (FB) first announced its plan to launch a cryptocurrency in June, as an attempt to move into global payments that has drawn intense scrutiny from global financial authorities. The stablecoin Libra, which is planned […]
2019-9-11 17:55 | |
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Earlier today, the Swiss Financial Market Supervisory Authority [FINMA] released guidelines on regulating stable coins. The guideline detailed how the regulatory authority will classify and regulate stablecoins based on its nature.
2019-9-11 17:53 | |
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Coinspeaker Facebook’s Libra Set to Register as Payment System in SwitzerlandFacebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight.
2019-9-11 13:20 | |
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On 2 May 2019, Facebook had registered a new company, Libra Networks, in Geneva, a step that turned out to be the company’s first move into the blockchain space. Recently, The Libra Association, the non-profit organization behind Facebook’s Libra cryptocurrency project, announced that it is pursuing a payment system licence from the Swiss Financial Market […] The post Switzerland’s FINMA clarifies its stand on stablecoins soon after Facebook’s Libra pursues a payment license appeared first on AMBCrypto.
2019-9-11 13:00 | |
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Despite escalating regulatory concerns from the governments of the world, Facebook appears to be pressing on with its global bank ambitions. This week the social media giant made moves to seek a payments license for Libra from Switzerland while the US Treasury warned that it would face tough standards.
2019-9-11 11:31 | |
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The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
2019-9-11 09:47 | |
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The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
2019-9-12 09:47 | |
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Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.
2019-9-7 20:17 | |
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The Swiss National Bank (SNB) is afraid that digital currencies like Facebook’s Libra might impede the central bank’s capability to initiate and implement monetary policy. This is the conclusion of Thomas Jordan, chairman of SNB’s governing board.
2019-9-6 15:00 | |
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Anti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week.
2019-8-30 11:45 | |
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The Swiss National Bank, known the central bank of the country, has recently contacted the responsible people for Facebook’s Libra project in order to know more about the project. Fritz Zurbruegg, the vice-chairman of the bank, has talked about the contact so far and claimed that the documents that back the project are very vague. […]
2019-8-28 05:06 | |
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Switzerland’s central bank SNB is in close contact with the relevant authorities over Facebook’s Libra crypto project, Reuters reports
2019-8-28 21:01 | |
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Last week, six members from the US House of Representatives’ Financial Services Committee met with Swiss regulators, including the Federal Data Protection and Information Commissioner and the Financial Market Supervisory Authority, to discuss Facebook's Libra project.
2019-8-27 19:31 | |
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Following meetings about Libra with Swiss regulators, U.S. lawmakers still harbor concerns over Facebook’s proposed stablecoin
2019-8-26 01:19 | |
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Switzerland's Federal Data Protection and Information Commissioner (FDPIC) has been tapped by Facebook to oversee Libra and the Libra Association. While Facebook hasn't been the easiest to get in contact with for the FDPIC, the agency expects to have more information on the Libra project by the end of the month.
2019-8-22 23:47 | |
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The Swiss watchdog will discuss Facebook’s Libra with a US congressional delegation this week
2019-8-20 22:04 | |
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Coinspeaker Facebook’s Libra to Dominate Discussions during U. S. Lawmakers’ Visit to SwitzerlandThe U. S. House Financial Services Committee delegation plans to visit Switzerland to exchange views about Facebook’s Libra with the Swiss FDPIC Adrian Lobsiger.
2019-8-20 17:38 | |
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Libra is back to making headlines after a brief stint in the shadows following news that they may not launch if regulators don’t approve of the project. As per a Bloomberg report, August 18, 2019, a delegation of six bureaucrats, led by Rep.
2019-8-19 15:41 | |
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Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week.
2019-8-20 15:40 | |
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The Swiss Federal Data Protection and Information Commissioner (FDPIC) said it is still waiting to hear from Facebook regarding its supposed oversight of Libra, the social media giant's proposed cryptocurrency.
2019-7-25 23:09 | |
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After announcing that the Swiss Federal Data Protection and Information Commissioner (FDPIC) would assist in overseeing the Libra Association, the FDPIC stated Facebook hadn't contacted the agency regarding any details related to the association or the Libra project.
2019-7-24 19:04 | |
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The Swiss Federal Data Protection and Information Commissioner (FDPIC) is still awaiting additional requested information from Facebook’s cryptocurrency project Libra reports Reuters, July 23, 2019. This Time, It’s The Swiss Libra is Facebook’s endeavor into the cryptocurrency industry, which it announced just over a month ago, has been subject to mountains of scrutiny and debate,Read MoreRead More.
2019-7-24 13:00 | |
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Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva.
2019-7-24 11:15 | |
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Switzerland crypto laws have appealed to blockchain enthusiasts for years. Facebook’s head of blockchain, David Marcus, is no exception. He released a statement announcing that he expects the new coin to be governed by Swiss law.
2019-7-22 10:26 | |
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Switzerland crypto laws have appealed to blockchain enthusiasts for years. Facebook’s head of blockchain, David Marcus, is no exception. He released a statement announcing that he expects the new coin to be governed by Swiss law.
2019-7-22 10:26 | |
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Joshua Ashley Klayman Kuzar sees Libra as a turning point in the march to mass adoption. "Facebook didn't come to congress," she said. "Congress came to Facebook."
2019-7-20 02:00 | |
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During the Libra Senate hearing on Tuesday, Libra project lead David Marcus explained that the Swiss Federal Data Protection and Information Commissioner (FDPIC) would oversee data and privacy protections for the Libra Association.
2019-7-17 18:48 | |
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Despite David Marcus’s repeated assurances regarding Facebook’s keenness to cooperate with regulators of every country, the project failed to escape the latest grilling by the Senate Banking Committee.
2019-7-17 14:00 | |
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Facebook has been grilled today at a Senate Banking Committee hearing over its cryptocurrency project Libra. As part of the hearing, a representative for the social media giant claims the firm has been in contact with a Swiss agency to oversea data protection and user privacy.
2019-7-17 02:00 | |
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With Facebook set to meet with the Senate on Tuesday and the House on Wednesday, Washington insiders report that lawmakers will be interested in Libra's classification as a possible exchange-traded fund, what Facebook will do to ensure user privacy, and what the Swiss headquarters of the Libra Association will mean for US oversight of the project.
2019-7-16 18:45 | |
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A recent letter from the U. S. House of Representatives to social media giant Facebook has crypto users speculating feverishly. The implications of the letter, and Calibra CEO David Marcus’ recent response, will inform the future of money not only in America, but worldwide.
2019-7-4 14:20 | |
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Reports circulated yesterday that the Swiss SIX Stock Exchange was encouraging the local central bank to launch a stablecoin that could be used within their country. Between that encouragement and the recent changes to the Libra whitepaper, it is clear that the market desires another stablecoin, and the Dukascopy Swiss bank is listening. According to […]
2019-6-28 00:24 | |
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Speaking at the Crypto Valley Conference in Zug, Switzerland, Thomas Moser, an alternate member of the governing board at the Swiss National Bank, said Facebook's Libra project has yet to sound any alarms for the Swiss National Bank and that the country's regulators are "pretty relaxed" about it.
2019-6-25 19:13 | |
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A Swiss central banker has suggested that Facebook's cryptocurrency project, Libra, is not ruffling any feathers with the regulator, Reuters reports.
2019-6-25 15:00 | |
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By CCN Markets: Facebook has too much power to engage with a cryptocurrency, a United States senator has warned, days after the social media giant launched Libra. Sherrod Brown, a Democratic senator from Ohio, told Bloomberg TV that the public has increasing concerns around the social network.
2019-6-22 16:38 | |
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Social media giant Facebook breaks into blockchain with newly registered Swiss company Libra Networks, according to a report from… The post Facebook Breaks Into Blockchain With Swiss-Registered “Libra Networks” appeared first on Invest In Blockchain.
2019-5-21 22:47 | |
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BitGo, a California-based digital assets financial services firm is expanding its global presence by launching two new cryptocurrency custodial platforms in Switzerland and Germany. The new custodial companies are aimed at providing BitGo customers with more jurisdictions to choose from, depending on which is most suited for their business, according to a press release onRead MoreRead More.
Two Swiss startups received broker dealer licenses as FINMA hardens its AML requirements.
Switzerland's finance regulator has found that crypto mining firm Envion's $90 million ICO took deposits from investors unlawfully.
The Swiss Financial Market Authority (FINMA) has stated that a crypto firm that accepted around US$90. 5 million in deposits from more than 37,000 individual investors did so illegally. The company in question, Envion AG, is currently undergoing liquidation proceedings by the Zug bankruptcy authority.
Switzerland's Financial Market Supervisory Authority has introduced a new "relaxed" fintech license that can apply to blockchain and crypto firms.