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Swiss National Bank Keeps A Constant Touch With Libra Authorities

Vice-Chairman Fritz Zurbruegg says the Swiss Bank will regulate Libra’s concerns.

Earlier this week, US lawmaker Maxine Waters had visited Swiss officials of Libra association. She had raised a few concerns regarding the complexity and magnitude of Facebook’s plans. Also, regarding how they will manage Money Laundering, in case of future occurrence. 

Swiss National Bank has taken matters under their wings. Also, it is in constant touch with Libra authorities said Fritz Zurbruegg VC on Tuesday. “At the moment, it’s difficult to perform a full analysis (of the project) because the available documents are vague and details are still missing,” Zurbruegg said. They will submit a report based on analysis soon.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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