Switzerland’s privacy watchdog expects to receive details on Facebook’s Libra cryptocurrency by the end of this month, a spokeswoman for the agency said on Tuesday. Facebook’s plans to launch Libra next year have prompted warnings from politicians, regulators and central bankers that it must be closely regulated to avoid any disruption to the international financial system. Facebook’s Libra project head David Marcus told U.S. senators earlier this year he expected the Swiss authority to be Libra’s privacy regulator, yet the Federal Data Protection and Information Commissioner (FDPIC) had at that time yet to be contacted by Libra’s organizers.

source https://finance.yahoo.com/news/swiss-watchdog-expects-details-facebooks-154602633.html?.tsrc=rss