Internet Security

Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security

A Swiss regulatory agency that Facebook executive David Marcus said in congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to a report. Highlights from Facebook’s Libra Senate hearing CNBC is reporting that the Swiss Federal Data Protection and…


A Swiss regulatory agency that Facebookexecutive David Marcus said in congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to a report.

Highlights from Facebook’s Libra Senate hearing

CNBC is reporting that the Swiss Federal Data Protection and Information Commissioner, who Marcus said would oversee data protections for its cryptocurrency in his testimony before the Senate Banking Committee, has yet to hear from the company which is depending on it for oversight.

In a statement provided to CNBC, Hugo Wyler, who’s the head of communication at the FDPIC said:

We have taken note of the statements made by David Marcus, Chief of Calibra, on our potential rol

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