Australian Financial Regulator Inspects Facebook’s Calibra Wallet

According to the report, the Australian Prudential Regulation Authority (APRA) shares its plan to oversee stablecoin projects soon such as Libra, a stablecoin-backed by Facebook. The APRA explained, “Some, but not all, digital wallets hold stored value on behalf of customers and are pre-paid facilities. Others (such as Apple Pay) hold customers’ credit/debit card details and only facilitate payments from that nominated account.”

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