Libra

China

Ex-PBoC Governor Urges China to Join Global Conversation on Libra

A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin.

Policy & regulation  ·  28 January 2020
Stablecoins

Vodafone Is the Latest Big Company to Quit Facebook-Founded Libra Association

Telecom giant Vodafone has left the Libra Association, the eighth company to pull out of the Facebook-led digital currency project since the fall.

News  ·  21 January 2020
Regulation

Switzerland Softens Tone on Libra After Ex-President Says Project ‘Failed’

Switzerland's now-departed president said the project had "failed" in its current form.

Policy & regulation  ·  21 January 2020
Anchorage

Anchorage, Bison Trails Execs to Helm Libra’s New ‘Technical Steering Committee’

The Libra Association has formed a steering committee to oversee the creation of its technical roadmap.

News  ·  17 January 2020
MakerDAO

WisdomTree Mulls New Stablecoin as US Money Manager Drives Toward Crypto

WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.

Markets  ·  14 January 2020
Facebook

Facebook’s Zuckerberg Highlights Digital Commerce, but Not Libra, in 2030 Vision

Mark Zuckerberg said Facebook wants to build commerce tools for small businesses which use the social media giant's apps, but noticeably avoided mentioning the Libra stablecoin project in his 2030 vision.

News  ·  9 January 2020
Australia

Australians Won’t Use Libra, Believes Central Bank

Reserve Bank of Australia officials are not yet convinced cryptocurrencies offer benefits over and above traditional means of payment.

Policy & regulation  ·  9 January 2020
Libra

Libra Association Exec: World Needs Us Because Bitcoin Is ‘Not a Means of Payment’

Libra Association Vice Chair Dante Disparte spoke at the Digital Money Forum at CES 2020, arguing for Libra's advantages over other bitcoin.

Business  ·  7 January 2020
CBDC

What Is a Cryptocurrency? We Need Clearer Definitions

In the wake of Libra and CBDCs, we need better definitions for what is and isn't a cryptocurrency.

People  ·  31 December 2019
CBDC

Unlike Libra, Digital Yuan Will Not Need Currency Reserves to Support Value: PBOC Official

PBOC wants to distinguish its own digital currency from rival private initiatives.

News  ·  23 December 2019
Facebook

Facebook’s Social Media Platforms May Give Libra Unfair Advantage, Says ECB’s Lagarde

Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.

Policy & regulation  ·  20 December 2019
Regulation

Libra Lacks Clarity on ‘Opaque’ Currency Basket, Says Fed Reserve Governor

Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts.

Policy & regulation  ·  19 December 2019
Regulation

Global Crypto Framework Needed to Stop ‘Regulatory Arbitrage,’ Watchdog Warns

Hong Kong’s securities regulator says the world needs a united response to stablecoins like Libra to avoid firms setting up in laxer jurisdictions.

Policy & regulation  ·  7 November 2019
Stablecoins

European Union to Regulate Stablecoins, Not Issue Its Own: Source

Contrary to earlier reports, a source tells CoinDesk the EU isn't looking to issue its own digital currency in response to Libra.

Markets  ·  6 November 2019
Facebook

Libra Won’t Spread as Quickly as Facebook, Says Calibra Exec

Libra won't necessarily mimic Facebook's historic rise, said Calibra executive Kevin Weil.

Markets  ·  5 November 2019