News by results: Libra

Jack Dorsey: Diem was a waste of time, Meta should’ve focused on BTC

Dorsey said that although Facebook probably started Diem for “the right reasons,” it should’ve used an open-ended protocol like Bitcoin rather than attempting to create its own currency.

Fed chair Powell says Facebook's Libra 'really lit a fire' on the question of a digital dollar

"We’re working hard on it, we have a lot of projects going on, lot of efforts going on on that right now."

Libra Updates White Paper, Removes Dividends for Libra Association

The white paper for Facebook’s proposed Libra currency has been quietly updated, according to a Dec. 10 article written by Georgetown University law professor, Chris Brummer. Aside from expected amendments reflecting the revised Libra Association members, the biggest change is the removal of dividends payable to those early investors.

EU Confirms its Firm Stance on All Stablecoins, Not Facebook's Libra Only

The EU has taken a firm stance on stablecoins. But a senior government official in Lithuania says the move will not stop stablecoin operators from proceeding with their plans as the EU is not against innovations and simplified payments.

Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely

Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals.

Libra claims 180 potential replacements for 7 mutineers

Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed interest in joining the Libra project — 180 of those meet eligibility requirements to become members, which could replace the seven companies that dropped out of the Association this month, including Kayak owner Bookings Holdings today.

Ex-Federal Prosecutor: US Blocking Libra Has National Security Implications

Ex-federal prosecutor and now Andreessen Horowitz partner Katie Haun has argued that the United States blocking Facebook’s Libra digital currency will have national security implications.

Facebook’s Libra Backers Fear It Could Taint Their Image Among Regulators

Visa, Mastercard, PayPal and Stripe are unsure whether they wish to become paid-up participants in Facebook’s Libra digital currency.

European Commission Exec Questions Facebook’s Libra Stablecoin

Executive Vice President-Designate of the European Commission, Margrethe Vestager, has questioned the motives behind Facebook’s forthcoming Libra stablecoin.

China’s Fintech Stocks Soar Over 50% in 2019 Amid CBDC Anticipation

China Securities Index Co. (CSI) Fintech Theme Index has risen over 50% in 2019, outperforming the broader market.

BOJ Kuroda urges global cooperation in regulating Facebook's Libra

Bank of Japan Governor Haruhiko Kuroda said on Tuesday that international cooperation was crucial in regulating stable coins such as Facebook’s planned Libra digital currency.

China’s Crypto Czar: Facebook-Led Libra ‘Might Be Unstoppable’

China’s cryptocurrency czar believes that while the world powers do not welcome Facebook’s Libra, the stablecoin’s advance might now be unstoppable.

Facebook’s David Marcus Responds to Critics Over Libra ‘Threat’

The head of Facebook’s Calibra – the entity created by Facebook to provide financial services including a digital wallet for the planned Libra cryptocurrency – has spoken out in response to claims from authorities that the project poses a threat to nations’ “monetary sovereignty.”

Vitalik Buterin: "Facebook's Libra is wakeup call for governments"

Ethereum cofounder and blockchain technology leader Vitalik Buterin tells "Globes" about the risks and challenges posed by cryptocurrencies.

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.

Facebook’s Libra seeks payment system license from Swiss regulator

The Libra Association, the non-profit organization behind Facebook-led cryptocurrency project Libra, is looking to get a payment system license from Switzerland’s financial regulator.

Swift to reveal European E2E payments pilot

Swift is gearing up to announce its latest end-to-end international payments pilot held across European borders.

Facebook's Libra falls into "big gap" in EU rules -regulator

Facebook's proposed Libra cryptocurrency falls into a "big gap" in European Union financial regulation at a time when the bloc's ability to tackle money laundering is already stretched, a top EU regulator said on Thursday.

Facebook Posts Lobbying Retainer Amid Cryptocurrency Controversy

Facebook has hired a Washington-based lobbying firm in light of increased Congressional and regulatory pushback the social media network has received due to its forthcoming cryptocurrency offering, Libra

Carney Urges Libra-Like Reserve Currency to End Dollar Dominance

Mark Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a Libra-like virtual one.