SNB’s managing director, says “relaxed” on Facebook’s Scale project

FILE PHOTO: a Small toy figures are set out in the declarations of the virtual currency in the face of the Facebook logo in this illustration picture the 21 of June, 2019 at the latest. REUTERS/dado Ruvic/Illustration

ZUG, Switzerland (reuters) – The Swiss National Bank’s Thomas Moser, an alternate member of the board of directors, said Tuesday at an event in Switzerland, and that he was “relaxed” about Facebook Inc. Scale project, the addition of the company’s white paper and it looked professionally done, and the promoters had indicated that they wanted to play by the rules.

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

Reporting by Brenna Hughes Neghaiwi; Written by John Miller; Editing by Edmund Blair

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