Tag: facebook

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 […]

According to a recent company statement, Facebook Libra has acquired Servicefriend, an artificial intelligence (AI) specialist, to boost the user experience and make Libra user-friendly. Servicefriend is an Israel-based AI bot developer, and the company has gained some traction with clients with its Hybrid Bot Architecture. What this architecture brings to the table is an […]

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 […]

France Says It’ll Block Facebook Libra Development in EuropeAgence France-Presse (AFP) has reported today, Sept. 12, that France plans to block the development of Libra — Facebook’s proposed stablecoin payments network — in Europe. An unconfirmed report from BreakingtheNews.net claims that the position was revealed by French Finance Minister Bruno Le Maire, who has allegedly […]

Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network Facebook Libra in Switzerland. In a Sept. 12 interview with Neue Zürcher Zeitung (NZZ), Financial Market Supervisory Authority (FINMA) director Mark Branson said it was illusory to believe that a single country […]

Social media giant Facebook, which is currently trying to get regulatory approval for its Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves. According to a report by Bloomberg on Sept. 9, Facebook told United States senators about the backing reserves for the Libra Stablecoin — a type of cryptocurrency valued by […]

Bitcoin’s Scaling Problems Forced Facebook to Launch Libra If it wasn’t for Bitcoin there would be no Libra. That much is self-evident since Satoshi’s creation laid the groundwork for every crypto asset that’s followed. The extent to which Bitcoin was responsible for spawning Facebook’s currency has now been made brutally clear in an interview with […]