FINMA also said Libra's financial services extend to credit, capital allocation of market and operating risks, risk concentration and liquidity, and the management of Libra reserve funds.
"We are engaged in a constructive dialogue with FINMA and we see a viable way to make the open source block chain network a regulated, low-barrier, highly secure payment system," said the Geneva-based Libra Association.
The Libra Association said it had asked FINMA to determine the exact location of the Libra Association and to determine the attributes of Libra in accordance with Swiss regulatory regulations.
According to the design of Facebook and more than 20 founding members, the Libra Association and the Libra Currency will be the main regulators in the future by the Swiss government.
As part of expanding its digital payment business, Facebook released a digitally encrypted currency called Libra in June. Libra is scheduled to officially launch next year and is expected to provide digital trading and payment services to billions of potential users.
But then, many central banks, finance ministers, legislators and privacy protection agencies around the world questioned Libra and expressed concern.