Facebook Inc’s Libra cryptocurrency starts 2020 looking no closer to release, with authorities in its base in Switzerland raising fresh questions about its suitability as a global currency.
Swiss finance minister Ueli Maurer said on Dec 27 in Bern that the country can’t approve Libra in its current form, telegraphing to Facebook that the product it wants to launch in Geneva isn’t going get a green light from regulators anytime soon.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!