13.07.2020

Swiss Central Bank SNB Is in Close Contact With Facebook’s Libra

The news comes from SNB vice-chairman Fritz Zurbruegg via a Reuters report from Aug. 27. 

Switzerland’s central bank, Swiss National Bank (SNB) is in close contact with the relevant authorities over Facebook’s Geneva-based crypto project Libra.

Libra documentation still lack some details

Zurbruegg said that it is still difficult to analyze the Libra project fully, citing the vague character of available documentation. He added that some details are still missing in the documents.

The news follows a visit by United States lawmakers to Switzerland this month in order to clarify how various Swiss authorities would regulate Libra, as well as learn more details about the project. However, U.S. authorities subsequently issued an official statement claiming that they were still concerned over Facebook’s crypto project.

U.S. Rep. Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, said last week that the committee will continue to review Libra and its digital wallet Calibra.

Facebook fights to ease negative response

Meanwhile, Facebook is fighting to save the not-yet-launched project. Yesterday, the social media giant hired Washington-based lobbying firm FS Vector to help it easy regulatory pressure over Libra. Earlier today, the Libra Association launched its public bug bounty program in order to prevent security issues in advance of Libra’s anticipated 2020 launch.

On Aug. 23, the Financial Times reported that at least three of Libra’s early backers were considering quitting the project in light of negative global response to the project.

Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

15 thoughts on “Swiss Central Bank SNB Is in Close Contact With Facebook’s Libra

  1. I am not as clever as my brother, though I try to do my best at school too. I am fond of dancing. Our dancing studio won The Best Dancing Studio 2015 competition last month. Our family is very united. We love each other and always try to spend more time together.

  2. Hello to all
    In this puzzling continuously, I proclivity you all
    Prize your strain and friends

  3. Hello! I ethical would like to oppress with a brobdingnagian thumbs up pro the special info you bear here on this post. I resolving be coming promote to your blog object of more soon.

  4. hi there
    I have just checked stupen.com for the ranking keywords and seen that your SEO metrics could use a boost.
    We will improve your SEO metrics and ranks organically and safely, using only whitehat methods, while providing monthly reports and outstanding support.

  5. COVID-19 outbreak: airplanes grounded, borders closed, businesses shut, citizens quarantined, political power seized, democracy undermined.
    All this, if it is not stopped shortly, can lead to chaos and unrests.

  6. Walmart – what is it? The name of the company is increasingly appearing on the lips of people and on the Web. For 10 years now, it has been America’s most extensive supermarket chain. The leadership of this giant is constantly looking for new markets, and gradually the brand is being developed in various countries.
    The secret to success is very simple: the company adheres to a knowingly winning low price policy. This made it possible to quickly get accustomed in any city and forced competitors to lower prices. Despite the tremendous decline in the cost of goods, profit indicators are always going up.

  7. Sorry, but everyone should know this!
    The anti-crisis program from Olymptrade, as if you spend $ 10 you will earn $ 500 in one day!

  8. Divorced mothers and fathers have concerns regarding faculty problems and conclusions that might come up.Who gets the choices and exactly what are the own rights?

  9. Antidetect browser is a software innovation with unique methods that change fingerprints in a natural way and remain undetectable to online tracking services. Easily bypass fingerprinting and skip over sms verification from major big data companies like Google, Facebook, Twitter, Amazon, etc.

    Th tool incorporates 12 independent modules that will change the fingerprints of your computer.
    Not spoofing – It will not be detected as spoofing because the fingerprint is changed at hardware level and looks natural.
    Unlimited configurations – Create unlimited browser configurations. Each new browser will have non-unique Canvas prints, WebGL, fonts, etc.

  10. Antidetect browser is a software innovation with unique methods that change fingerprints in a natural way and remain undetectable to online tracking services. Easily bypass fingerprinting and skip over sms verification from major big data companies like Google, Facebook, Twitter, Amazon, etc.
    Th tool incorporates 12 independent modules that will change the fingerprints of your computer.
    Not spoofing – It will not be detected as spoofing because the fingerprint is changed at hardware level and looks natural.
    Unlimited configurations – Create unlimited browser configurations. Each new browser will have non-unique Canvas prints, WebGL, fonts, etc.

  11. Hеllо! stupen.com
    Did yоu knоw thаt it is pоssiblе tо sеnd mеssаgе fully lаwful?
    Wе submit а nеw lеgitimаtе mеthоd оf sеnding аppеаl thrоugh соntасt fоrms. Suсh fоrms аrе lосаtеd оn mаny sitеs.
    Whеn suсh аppеаl аrе sеnt, nо pеrsоnаl dаtа is usеd, аnd mеssаgеs аrе sеnt tо fоrms spесifiсаlly dеsignеd tо rесеivе mеssаgеs аnd аppеаls.
    аlsо, mеssаgеs sеnt thrоugh соmmuniсаtiоn Fоrms dо nоt gеt intо spаm bесаusе suсh mеssаgеs аrе соnsidеrеd impоrtаnt.

Leave a Reply

Your email address will not be published. Required fields are marked *