This article comes fromThe Block, Odaily translator | Yu Shunsui
This article comes from
, Odaily translator | Yu Shunsui
Calibra, the newly announced cryptocurrency subsidiary of social media giant Facebook, has registered with the U.S. anti-money laundering watchdog, the Financial Crimes Enforcement Network (FinCEN).
Calibra, which will provide a digital wallet for the Libra cryptocurrency, registered with FinCEN as a money services business (MSB) in February this year, with an address in Menlo Park, California.
Calibra registered with FinCEN as a money services business (MSB) in February. Calibras MSB registration number is 31000141265767. Calibra may also be required to obtain a state money transmission license in each state in which it operates, depending on a particular states licensing requirements and Calibras activities in that state.
“Facebook created Calibra, a regulated subsidiary, to ensure the separation of social and financial data and to build and operate services on its behalf on the Libra network,” read the company’s June 18 white paper.
Calibras website, which went live on June 18, says it will help people send money to each other as easily as sending text messages or photos using its messaging apps Whatsapp and Facebook Messenger, as well as government-issued ID.Libra is currently being developed by Calibra and is expected to hit the market sometime next year.Previously, David Marcus, head of Facebooks blockchain, was accepting
Brasil Sao PauloThe VergeThe Libra project will distance itself from Bitcoin (BTC), and will share Libra data with crime prevention authorities to ensure compliance.
