The chair of the U.S. House Financial Services Committee said on Sunday she rema...
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/File Photo
“While I appreciate the time that the Swiss government officials took to meet with us, my concerns remain with allowing a large tech company to create a privately controlled, alternative global currency,” Congresswoman Maxine Waters said in a statement. Policymakers and financial watchdogs at home and abroad are concerned about the effect of widespread adoption of Libra by Facebook’s 2.38 billion users on the global financial system.
Waters met representatives from Switzerland’s State Secretariat for International Financial Matters, the Federal Data Protection and Information Commissioner, the Financial Market Supervisory Authority, and Swiss legislators.
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