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Facebook

Watch the Facebook Libra Hearing Live

Facebook's hearing in front of the U.S. Senate is live online and we will be running commentary all day.

Markets  ·  16 July 2019
Regulation

Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Former CFTC Chairman Gary Gensler believes Facebook's Libra looks – and should be regulated like – a security.

Policy & regulation  ·  16 July 2019
Regulation

Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech

U.S. House minority leader Kevin McCarthy has argued for the use of blockchain networks in protecting users' data from "exploitation."

Policy & regulation  ·  16 July 2019
Facebook

US Treasury Secretary Mnuchin Is ‘Not Comfortable’ With Facebook’s Libra

In a press conference Monday, Mnuchin voiced the Trump administration's concerns with Facebook's Libra and cryptocurrencies like bitcoin.

Markets  ·  15 July 2019
Regulation

What to Expect When Congress Grills Facebook on Cryptocurrency

The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions.

Policy & regulation  ·  15 July 2019
Japan

Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting

Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

Policy & regulation  ·  15 July 2019
Facebook

US May Bar Large Tech Firms From Issuing Cryptocurrencies

Lawmakers in the U.S. are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies.

Markets  ·  15 July 2019
Bitcoin

US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

US President Donald Trump tweeted about bitcoin and Facebook's Libra on Thursday. He's not a fan.

Markets  ·  12 July 2019
Facebook

Fed Chair Says Libra ‘Cannot Go Forward’ Until Facebook Addresses Concerns

Fed Chairman Jerome Powell said Facebook should not be allowed to launch its Libra cryptocurrency until the company details how it will handle a number of regulatory concerns.

Markets  ·  10 July 2019
Exchanges

Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project

The Winklevoss twins might mend fences with Mark Zuckerberg through the Libra cryptocurrency project.

Tech  ·  10 July 2019
Regulation

Facebook Says It Won’t Launch Crypto in India Due to Regulatory Issues

Facebook reportedly said that current regulatory restrictions mean it has "no plans" to launch its digital wallet service and crypto in India.

Policy & regulation  ·  10 July 2019
Facebook

Facebook to Senators: Libra Crypto Will Respect Privacy

Facebook's David Marcus told lawmakers its new libra cryptocurrency will not store or share personal financial information – with a few caveats.

Markets  ·  9 July 2019
China

Facebook Libra Threat Could Spur Work on China’s National Digital Currency: PBoC Official

China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.

Policy & regulation  ·  8 July 2019
Regulation

Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra

Facebook's Libra cryptocurrency project threatens the stability of financial systems, according to South Korea's Financial Services Commission.

Policy & regulation  ·  8 July 2019
Europe

Facebook’s Libra Is a ‘Wake-Up Call’ for Regulators, Says ECB Policymaker

Benoit Coeure of the European Central Bank has said projects like Facebook's Libra require faster action from regulators.

Policy & regulation  ·  8 July 2019