Libra seeks payment system license from Swiss regulator
Libra Association issued Payment system license application affecting Switzerland Financial Markets Supervisory Authority on April 1, 2020.
- Primary
- Libra Association
- Counterparty
- Switzerland Financial Markets Supervisory Authority
- Structure
- Payment system license application
- Date
- April 1, 2020
- Sub-sector
- Crypto / Stablecoin
Libra applied for Swiss payment system license to launch scaled-down stablecoin despite regulatory backlash over monetary stability and privacy concerns.
Source: livemint.com