FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo
Facebook Inc's Libra cryptocurrency project has not responded to an information request by Switzerland's data privacy watchdog, the authority said on Tuesday, noting it wants more details to help define its oversight role over the US social media company's proposed digital currency.
Facebook in mid-June announced plans to launch Libra next year as it expands to e-commerce and digital payments. Since then, it has faced scrutiny by politicians, regulators and central bankers around the globe, including over fear that widespread adoption by Facebook's 2.38 billion users could disrupt the financial system and facilitate money laundering.
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