Tag: Libra

European NGOs have launched a petition against Facebook Libra Crypto asset-like digital currency, Libra. The effort seeks to make EU policy makers aware of apparent public resistance to the plans. So far, more than 55,000 individuals have signed the petition. However, any attempt to outright ban an entirely voluntary alternative to a jurisdiction’s official currency […]

One of the founding Libra Association members may be on the verge of pulling out. Paypal Leave Libra? The Financial Times reported Thursday that payments firm PayPal is considering leaving the Facebook-initiated crypto project due in part to the regulatory backlash Libra has received in recent months. Paypal may Leave Libra. According to the Financial […]

According to the Wall Street Journal, Visa and MasterCard are getting cold feet about helping build payment infrastructure for Facebook’s Libra Crypto Coin project. The Wall Street Journal said that a number of financial partners were starting to back away from Libra because of regulatory concerns. This comes on the heels of a September 9 […]

Facebook Libra digital currency developers have confirmed Facebook Libra Nodes Are Live on ‘Pre-Mainnet,’ a new roadmap outlining steps toward its mainnet launch. The update from the Libra Foundation published on Oct. 2 highlights various points of interest for both developers and those who operate the protocol’s nodes. Devs focus on mainnet preparations Currently running […]

Major Libra backers Visa and Mastercard are second-guessing their participation in the Facebook-led digital payments project, the Wall Street Journal reported Tuesday. Against a global regulatory blasting of the proposed cryptocurrency, the financial services pair and unnamed other companies are balking at Facebook’s call for a unified front. The Journal says that few want to […]

As European watchdogs send troubling signals towards the Facebook-led Libra Crypto Development, Switzerland remains willing to listen. According to a Reuters report on Tuesday, Mark Branson, CEO of the Swiss Financial Market Supervisory Authority (FINMA), said, “We are not here to make Libra Crypto Development projects impossible.” “We will respond to them with an open […]

Newly leaked audio from Q&A sessions between Facebook’s CEO and employees has revealed Facebook’s early strategy for Libra Crypto launch. On Oct. 1, tech news site The Verge published audio and text from two internal meetings held at Facebook in July. Along with major topics such as Facebook’s potential breakup by regulators, Mark Zuckerberg devoted […]

Facebook’s crypto project Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council (FAC). U.S. banks fear Libra will reduce payment volumes and increase Shadow Banking After the United States Federal Reserve asked some of the nation’s largest banks about Libra, the banks expressed their negative stance towards […]

Since its announcement in June 2019, Launch of Libra has been making waves across the globe regarding its proposed plans. The launch is likely in the mid-2020, but it is facing a lot of resistance since its inception from the financial world. A massive wave of political skepticism and regulatory concerns has also been witnessed […]

Facebook CEO Mark Zuckerberg offers yet another mea culpa over his company’s privacy issues, insisting that this time will be different with Libra Launch. Facebook has hit some rough waters ever since setting off on its maiden crypto voyage, but its captain aims to right the Libra ship. Speaking with Nikkei Asian Review earlier today, […]

Echoing Marcus’ forecast that Libra could potentially change the world, Armstrong called Facebook’s Libra Crypto project one of the most important crypto projects in development. A rather inspiring presentation from the head of Facebook’s Libra David Marcus seems to have inspired someone else as well and neither more nor less – Coinbase CEO himself. Yes, […]

World leaders and governments have been at their wits’ end recently, with many of them still uncertain about how to properly tackle the prospect of Facebook and its cryptocurrency. Ireland’s Finance Minister Michael D’Arcy is the latest to give his insight on Libra, blockchain and their effect on Ireland’s finance strategy, speaking about them during […]

The European Central Bank (ECB), in their latest hearing of Benoît Cœuré organized by the committee on the Digital Agenda on the topic of Digital currencies majorly focused on Facebook Libra. The testimony of Cœuré, Member of the Executive Board of the ECB, contained useful information as to the importance of a payment system like […]

The head of Japan’s central bank has called for international cooperation in regulating stablecoins like the Libra Regulation Japan. According to a Reuters report, Haruhiko Kuroda, governor of the Bank of Japan, said: “If Libra is introduced, it could have a huge impact on society.” Talking at an event in Osaka, Japan, on Tuesday, Kuroda […]

The governor of the Bank of Japan has said that international cooperation is of paramount importance when it comes to Libra regulation – digital currencies such as Facebook’s planned Libra token. Reuters reports that in a speech before business leaders in Osaka on Sept. 23, Haruhiko Kuroda urged policymakers to ensure that the highest level […]

Telegram investor concedes to being worried about Facebook launching Libra before TON and GRAM TON, the highly anticipated blockchain project from messaging giant Telegram, has reportedly entered its last stage of development, summing up its progress from early 2018. Facebook’s Libra, which entered the fray in early 2019, was speculated to be potential competiton for […]

Facebook’s Mark Zuckerberg is in Washington for meetings with policymakers to discuss internet regulatory matters such as privacy, competition and its handling of political content while Libra Battles Critics. As noted in Bloomberg’s Sept. 19 report, the meetings come after a summer of intense scrutiny of Facebook’s proposed Libra stablecoin project from United States lawmakers […]

Facebook met British authorities and regulators three times prior to publicly announcing plans for its Libra stablecoin. As Reuters reported on Sept. 18, Facebook had several appointments with officials at Britain’s finance ministry, the Financial Conduct Authority and the Bank of England this spring. Reuters received details regarding the meetings after submitting Freedom of Information […]