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Regulation

US Lawmakers Call on Payment Giants to Exit ‘Chilling’ Libra Project

Senators Brian Schatz and Sherrod Brown have called on Visa, Stripe, and MasterCard to reconsider their membership of the Libra Association.

Policy & regulation  ·  9 October 2019
Cosmos

New Libra Fork Will Create Permissionless Stablecoin Free of Corporate Control

Thirty blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra cryptocurrency to build an open alternative.

Tech  ·  9 October 2019
Futures

Now Traders Can Make Bets on When Facebook’s Libra Will Launch

Crypto futures exchange CoinFLEX is issuing derivatives linked to the launch of the Facebook-led Libra cryptocurrency project.

Markets  ·  7 October 2019
Regulation

US House Committee Pressuring Zuckerberg to Testify on Libra: Report

Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm's cryptocurrency project Libra.

Policy & regulation  ·  4 October 2019
Facebook

PayPal Might Withdraw From Libra Association: Report

PayPal might pull out of the Facebook-led Libra project, according to a Financial Times report.

Markets  ·  3 October 2019
Banking

American Banking Giants Sound Off Against Libra as Monetary Threat

Execs from some of the biggest U.S. banks reportedly told the Federal Reserve that Facebook’s Libra would pose a threat to monetary policies.

Markets  ·  3 October 2019
Europe

European Competition Watchdog Fears Libra’s ‘Closed Economy’

The European Commissioner for Competition, Margrethe Vestager, is asking tough questions of Libra over its potential closed economy.

Policy & regulation  ·  3 October 2019
Facebook

Mark Zuckerberg Addresses Libra Regulation, KYC in Leaked Transcript

In leaked comments from a July meeting, Facebook CEO Mark Zuckerberg discussed internal issues for the firm's crypto network, Libra.

Markets  ·  2 October 2019
Facebook

Institutional Libra Backers Are Getting Cold Feet

Major Libra backers are backing out of the Facebook-led cryptocurrency effort, according to a WSJ report.

Markets  ·  2 October 2019
Europe

Facebook-Led Libra Could Be Boon to UN, Says Crypto Project’s Chief

The head of the Libra Association has argued that the Facebook-led cryptocurrency could help the U.N. achieve its sustainable development goals.

Policy & regulation  ·  27 September 2019
Regulation

Facebook’s Zuckerberg Appears to Put Libra Launch Date in Doubt

In an interview, Mark Zuckerberg suggested that it might be a while before the Libra cryptocurrency actually gets its launch.

Policy & regulation  ·  26 September 2019
Japan

Japan’s Central Bank Chief Calls for International Effort on Libra Regulation

The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra.

Policy & regulation  ·  24 September 2019
Facebook

Facebook Reveals Libra Crypto’s Currency Basket Breakdown: Report

Facebook has reportedly revealed the percentage breakdown of the basket of global currencies that will underpin its Libra cryptocurrency.

Markets  ·  23 September 2019
Regulation

SEC Chair, Commissioners to Talk Crypto at Congress Hearing Next Week

The House Financial Services Committee will question SEC commissioners about crypto regulations and Facebook's Libra next week.

Policy & regulation  ·  19 September 2019
Bitcoin

Square Crypto Hires Lightning, Libra Developers for ‘Bitcoin Dream Team’

The Square Crypto team announced three more developer hires on Thursday, pulling from major companies in the crypto space.

Business  ·  19 September 2019