Facebook’s Libra seeks Swiss license after backlash for crypto project

Facebook’s Libra seeks Swiss license after backlash for crypto project

Facebook’s ( FB) cryptocurrency project Libra has applied for a payment license from Switzerland’s financial watchdog, following extensive backlash from policymakers globally. The Libra Association announced on Wednesday it is applying to Switzerland’s Financial Market Supervisory Authority (FINMA) to be regulated as a payment systems operator.