Libra

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
Security

Facebook’s Libra Lacks Foundational Components for Crypto Key Security

After a review of documentation for the Libra protocol and its planned ecosystem, Steven Sprague believes Facebook left out key security components.

Business  ·  7 July 2019
Facebook

Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class

Noelle Acheson argues that Libra is not a cryptocurrency, it’s a security. That in itself is a huge innovation, and perhaps a glimpse of what is yet to come.

Markets  ·  6 July 2019
Facebook

Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency

If Libra achieves even modest adoption, the payoff for Facebook and its partners could be in the billions.

Business  ·  5 July 2019
Wallets

ZenGo Introduces Non-Custodial, Keyless Competitor to Calibra Wallet

ZenGo's product shows how Libra can be held in other wallets.

Markets  ·  3 July 2019
Facebook

Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us

In a note published Wednesday, Facebook blockchain lead David Marcus pushed back against calls to stop Libra's development.

Markets  ·  3 July 2019
Japan

Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency

Japan's central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook's Libra cryptocurrency.

Policy & regulation  ·  3 July 2019
Facebook

4 US Lawmakers Join Call to Freeze Facebook’s Libra Project

Several House Democrats called for a moratorium on Libra development in a letter to Facebook executives on Tuesday.

Markets  ·  2 July 2019
Facebook

US Watchdog Groups Call for Congress to Put a Freeze on Facebook’s Libra

A group of privacy and consumer watchdogs is asking the U.S. Congress to halt Facebook's Libra project.

Markets  ·  2 July 2019
UK

UK Regulators Want a Long Look at Libra, Admonish Facebook’s Mantra to ‘Move Fast, Break Things’

The startup mantra just won't cut it with U.K. regulators.

Markets  ·  2 July 2019
Facebook

Facebook’s Inches Towards Global Regulatory Compliance, Applies for New York BitLicense

If the project is to be truly global, Facebook may need “literally hundreds, perhaps thousands, of licenses from hundreds of different regulators,” said Sean Park.

Markets  ·  1 July 2019