Social media giant Facebook, which has been working hard on the crypto money project Libra for a while, is very close to the happy end.
Facebook is preparing to launch Libra in January, according to the news that the Financial Times based its name on 3 sources that it did not disclose. Libra made the necessary applications to the financial authorities in Switzerland to be operational.
The Swiss Financial Market Advisory Authority (FINMA) announced that Libra has applied.
Technically Libra, Facebook created, used by bitcoin and other cryptocurrencies.
It is described as a digital asset powered by the blockchain version, which is encrypted technology.