Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet

Cointelegraph

Published Jan 21, 2020 05:23AM ET

Updated Jan 21, 2020 07:02AM ET

Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet

The Australian Prudential (LON:PRU) Regulation Authority (APRA) is seeking to oversee stablecoin projects like Facebook (NASDAQ:FB)'s controversial stablecoin Libra.

In an official proposal to the Senate published on Jan. 20, APRA submitted a possible regulatory framework dedicated to fintech and regulatory technology (regtech) covering topics ranging from digital wallets to data protection.

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