Skip to content
Brand AI

Libresse

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile1 entries

  1. 2019

    Libra Association discusses Libra with EU regulators

    Company response

    In September 2019, the Libra Association stated that it was discussing issues related to Libra with EU regulators. This followed opposition to Facebook's cryptocurrency in Germany and France. According to the source, the association said it was in discussions with EU supervisory authorities after the opposition emerged in the two countries. The statement did not specify which regulators were involved, what issues were under discussion, or any outcome of the talks.

    The Libra Association said it was discussing issues related to Libra with EU regulators after opposition to Facebook's cryptocurrency in Germany and France.

    Stated objective. Reassure regulators about the system's anti-money-laundering compliance.

    Company response

    • Clarification — Libra Association

      Today, we are carrying out a normal course of work with regulators to show them that, in terms of anti-money laundering, the (Libra) system will be at least equivalent to the conventional monetary system

    Source excerpt

    • 在德国和法国对 Facebook推出Libra表示反对后，Libra协会目前正与欧盟监管部门讨论相关问题。
    • The head of the Libra Association, created by Facebook to launch its new cryptocurrency, said Thursday the project’s leaders would aim to “reassure” regulators who have voiced mounting concern over the virtual money.
    • Today, we are carrying out a normal course of work with regulators to show them that, in terms of anti-money laundering, the (Libra) system will be at least equivalent to the conventional monetary system
    Source