Swiss FINMA Supervisor: FINMA will not hinder the development of Libra

According to media reports today, Libra, Facebook's cryptocurrency project, Mark Branson, head of the Swiss Financial Markets Authority (FINMA), said that we would not make such projects impossible. We will respond to them with an open mind, but the same rules will be required for the same risks. Branson pointed out that Switzerland's "rules and standards cannot be negotiated" and continues to say that Libra is "a thing that is being carried out transparently." He said he was more nervous about projects that were developed in the dark corners of the financial system, spread through cyberspace and would be too large to be blocked one day.