Facebook Stresses Libra’s Compliance

David Marcus, head of Facebook’s crypto wallet Calibra, stresses the Libra stablecoin project’s compliance with the United States FinCEN. In his released testimony for Congress, “The Libra Association expects that it will be licensed, regulated, and subject to supervisory oversight. Because the Association is headquartered in Geneva, it will be supervised by the Swiss Financial Markets Supervisory Authority (FINMA),”

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