- According to Facebook, the FDPIC is to take over data protection supervision for Libra, but has not yet been contacted by Facebook.
- The FDPIC expects specific information from Facebook or the Libra sponsors in order to examine legal advisory and supervisory powers.
- The FDPIC is closely following the development of the Libra project in the public debate.
One Message from CNBC according to a hearing before the U.S. Senate, Facebook said that the FDPIC would oversee Facebook’s cryptocurrency Libra, but that the FDPIC had not yet been contacted by Facebook in this regard. When asked, a spokesperson for the FDPIC had said (quoted by CNBC):
We have taken note of the statements made by David Marcus, Chief of Calibra, on our potential role as data protection supervisory authority in the Libra context. Until today we have not been contacted by the promoters of Libra,” Wyler said. “We expect Facebook or its promoters to provide us with concrete information when the time comes. Only then will we be able to examine the extent to which our legal advisory and supervisory competence is given. In any case, we are following the development of the project in the public debate.