Swiss Regulator FINMA Won’t Impede Libra’s Development
"We are not here to make such projects impossible," Mark Branson, CEO of the Swiss Financial Market Supervisory Authority, said of Libra.
FINMA
Banks can tick a box and start trading with us, said CEO Rupertus Rothenhaeuser.
Libra's most vexing challenge may be juggling inclusion and compliance. But policy chief Dante Disparte says the project is not giving up on reaching the unbanked.
FINMA cited money-laundering defense "weaknesses" as one reason for the license denial.
Crypto Finance AG's $14.5 million funding round will go toward international expansion and courting institutional investors.
The SEC and CFTC have settled charges with XBT Corp. after alleging the company sold unregistered security-based swaps for bitcoin.
FINMA
