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SNB director says 'relaxed' about Facebook’s Libra project

2019-06-25 18:02    Investing

SNB director says 'relaxed' about Facebook’s Libra project Technology News

© Reuters. FILE PHOTO: Facebook logo in illustration picture

ZUG, Switzerland (Reuters) - The Swiss National Bank's Thomas Moser, an alternate member of the governing board, said on Tuesday at an event in Switzerland that he is "relaxed" about Facebook (NASDAQ:FB) Inc's Libra project, adding the company's white paper looked professionally done and its initiators had indicated they wanted to play by the rules.

Facebook revealed plans last week to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.

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