Swiss privacy regulators said that social media giant Facebook has not yet responded to requests for more liaison.
According to Reuters , the Swiss Federal Data Protection and Information Commissioner (FDPIC) sent a letter to the Libra Association on July 17th but has not as of yet received any response. The Libra Association is an independent governance consortium for Facebook’s planned cryptocurrency, Libra.
David Marcus, head of Facebook’s Calibra wallet service, has previously indicated that the corporation expects that the FDPIC will serve as data protection supervisory authority when it comes to project Libra, given that the Association is registered in Geneva, Switzerland.
Should Facebook Disclose All About Libra ?
Reuters reported that the FPDIC is seeking more details from Facebook to help clarify its role in overseeing the planned Libra project. Reuters cites the regulators:
“The FDPIC stated in its letter that as it had not received any indication on what personal data may be processed, the Libra Association should inform it of the current status of the project so that the FDPIC could assess the extent to which its advisory competences and supervisory powers would apply.”