News Facebook’s Libra pursues Swiss pay license The Libra Association will apply for a payments license in Switzerland so Facebook’s proposed cryptocurrency is subject to Swiss financial regulators. By Arete News - September 11, 2019 Facebook's new Libra Association is based in Geneva because of "Switzerland's role as a nucleus for international organizations" (AN/Jeff Dlouhy) You need to login to view this content. Please Login. Not a Member? Join Us