Facebook’s Zuckerberg Calls for Digital Community Self-Governance
Facebook CEO Mark Zuckerberg said the digital world needs oversight, mentioning government regulation as a potential solution but calling community self-governance “another and perhaps even better way.”
Facebook's Libra could come under some existing rules: watchdog
Existing securities rules could apply to “stablecoin” digital currency initiatives such as Facebook’s Libra project to help realize its benefits, global securities watchdog IOSCO said on Monday as policymakers examine whether new regulation is needed.
Germany takes aim at Facebook Libra; plans to block private stablecoins
The German grand coalition, the governing coalition of the two biggest political parties in Germany, is looking to deny the launch of projects like Libra, according to a report by Spiegel.
Charles Hoskinson calls Libra a "Sputnik Moment" for regulators but believes that Cardano will prevail over it
During a recent interview with Financial Fox, Charles Hoskinson, the Cardano founder, said that Facebook's Libra might be the "Sputnik moment" for regulatory bodies.
How to become a founding member of the Libra Association
Now that the Libra white paper has been published, The Block has outlined how to become a Founding Member and the requirements it entails. Libra will be administered by a non-profit Libra Association based in Geneva, Switzerland, which will ultimately have 100 geographically diverse founding members. No member will be able to represent more than 1% of the vote.
Facebook may abort Libra launch in India
Libra, the cryptocurrency to be unveiled by Facebooknext year, will not be available in India, according to a person directly in the know, as current regulations do not permit use of the banking network for blockchain currency transactions.
Facebook’s Libra Could Meet ‘Highest Standards’ in Regulation: BoE Governor
Facebook’s Libra cryptocurrency payments initiative could be subject to the “highest standards” in global regulation, said Mark Carney, the governor of the Bank of England.
U.S. lawmaker calls for Facebook to pause cryptocurrency project
A leading U.S. House lawmaker on Tuesday called on Facebook Inc to halt development on its new cryptocurrency and for company executives to testify before Congress, adding to global concerns about what the digital currency could mean for data privacy and security.
CNBC’s Ran NeuNer Calls Facebook CEO An “Unelected Dictator” Only to Bash GlobalCoin Project
It looks like CNBC’s Ran NeuNer, a prominent comentator on the crypto economy, has finally decided to agree with a large part of the crypto community: Facebook’s GlobalCoin project can certainly be a very dangerous move for the world.
Bitcoin Expert: Facebook’s GlobalCoin Will Annihilate Ripple
Ripple (XRP) and most other cryptocurrencies should be looking over their shoulders now that Facebook has announced it is launching GlobalCoin (or Libra), according to Bitcoin expert Max Keiser.
Report: Circulation of Facebook’s Crypto Could Face Demographic Challenges
Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28.
Lawyer explained why the US authorities are concerned about FB Coin release
Facebook is actively preparing to launch a token of its crypto-payment system, code-named Libra, and is in talks with representatives of regulators from different countries, including the United States. In turn, the US authorities are concerned about how the financial information of users will be used by Facebook, and whether it will be passed on to third parties. That’s what in an exclusive comment for LetKnow.News said Christina Nemchinova a co-founder of legal fintech consulting Brightman.
Facebook Registers Secretive ‘Libra’ Cryptocurrency Firm in Switzerland
According to a Reuters report, Facebook registered a new company, Libra Networks, in Geneva on May 2. This coincides with the slow roll-out of their internal cryptocurrency that will define the company’s first foray into blockchain technology.
Facebook Coin: Weiss Ratings slams crypto-project; claims FB is ‘noticeably absent’ from DLT discussions
The cryptocurrency industry has seen a resurgence in terms of price recently, after a majority of the top coins recorded double-digit gains over the week. In the middle of this, Weiss Ratings, the popular cryptocurrency rating platform, has taken up arms against the much-talked about Facebook Coin, tweeting,