According to an announcement of a Swiss central banker, Facebook’s new Libra project falls within the ramifications of the local regulatory framework, and therefore will not face any issues. After suffering nearly a week of ridicule and legal uncertainty from pretty much all of the world’s financial regulators, this comment by the banker is like medicine on an open wound for Facebook. The only other vocal supporter right now is the Bank of England. The Swiss banker, Thomas Moser mentioned that the social media giant made it very clear that it will comply with the local rules. Their previous business
