The Libra Association is discussions with the Swiss FINMA for the regulation of its open-source blockchain network. Libra must adhere to the highest standards to ensure that money laundering is shunned. Libra is turning to jurisdictions where it is likely to face less regulatory resistance in the quest to see its crypto project Libra in the market. According to Reuters Libra is reportedly seeking a payment system license regulated by FINMA, the Swiss financial regulator. “Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight,” the Libra Association said in a statement. “We are engaging in constructive dialogue with FINMA and are encouraged to see a feasible pathway for an open-source blockchain network to become a regulated, low-friction, high-security payment system,” Zurich (Reuters) reported. A recent comment by an official of the United States Treasury visiting Switzerland insisted that Libra must conform to the highest standards for fighting money laundering before it launches. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Facebook’s Libra turns to Switzerland FINMA for payment system regulation FX Street 4 years The Libra Association is discussions with the Swiss FINMA for the regulation of its open-source blockchain network. Libra must adhere to the highest standards to ensure that money laundering is shunned. Libra is turning to jurisdictions where it is likely to face less regulatory resistance in the quest to see its crypto project Libra in the market. According to Reuters Libra is reportedly seeking a payment system license regulated by FINMA, the Swiss financial regulator. "Switzerland offers a pathway for responsible financial services innovation harmonized with global financial norms and strong oversight," the Libra Association said in a statement. "We… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
