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As such, Libra Networks is within the strategy of applying for a license as an operator of a payment system from the Swiss Financial Market Supervisory Authority (FINMA). If and once the cost system license is granted, Libra Networks will be subject to ongoing prudential supervision by FINMA. As a consequence, selections that affect its license, corresponding to modifications of the principles regarding the administration of the Libra Reserve or the addition of latest traces of providers, may require the prior approval of FINMA. In addition to its direct supervision of the licensed Libra Networks, FINMA may …