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Home / Business / The meetings in Switzerland have not dispelled the doubts of the US legislator on the Facebook scale

The meetings in Switzerland have not dispelled the doubts of the US legislator on the Facebook scale



A US legislator announced that its concern over the Facebook crypto project Libra continues after a meeting with regulators in Switzerland, home to the social media giants' Libra Association headquarters a statement on Sunday that her recent meetings with Swiss regulators did not dispel her doubts about "enabling a large technology company to create a privately controlled, alternative global currency."

While the meetings were "helpful for understanding the status, complexity and scope of Facebook's plans," Waters added:

"I look forward to continuing our congressional delegation and discussing these issues, money laundering, and other matters within competence of the committee. A group of six members of the US House Financial Services Committee met last week with officials from the State Secretariat for Inter National Financial Matters (SIF), the Federal Commissioner for Data Protection and Information (FDPIC), the Financial Market Authority (FINMA) and the Swiss legislature discussed Facebook's plans for Libra.

Waters' statement came only days later She announced a schedule for the fall of 201

9, promising to continue the review of Libra and the Wallet service developed by Facebook subsidiary Calibra. Waters called for a "moratorium" on the development of Libra during a television appearance on CNBC.

Representative Maxine Waters picture about Shutterstock


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