Facebook Says Libra Cryptocurrency to be Regulated by Swiss Financial Authorities
15 Julho 2019 - 2:12PM
Dow Jones News
By Dave Michaels
WASHINGTON -- Facebook Inc. said its Libra cryptocurrency would
be regulated by Switzerland's financial watchdog, adding the
digital money would never compete with national currencies or
undermine the role of central banks.
The details about Facebook's Libra plans were included in
written testimony that company executive David Marcus plans to
deliver Tuesday to the Senate Banking Committee. Mr. Marcus has the
challenge of tamping down concerns that Facebook -- already
embroiled in policy fights over digital advertising and customer
data -- is primed to disrupt the financial sector, one of the
world's most highly regulated business areas.
(More to come)
(END) Dow Jones Newswires
July 15, 2019 12:57 ET (16:57 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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