Libra

Coinbase

Coinbase Legal Chief Says Private Sector Should Build US Digital Dollar

Coinbase chief legal officer Brian Brooks thinks the private sector is best positioned to build America's digital dollar.

Markets  ·  5 November 2019
China

Ex-Official Trolls Libra, Says China Likely to Issue Digital Currency First

China's central bank could be the first to issue its own national digital currency, a former official said, while contending that Libra was doomed.

Policy & regulation  ·  28 October 2019
Twitter

‘Hell No’: Jack Dorsey Says Twitter Won’t Be Joining Libra Association

The private Libra project is not in line with what Dorsey wants Twitter to stand for, the CEO (and bitcoin supporter) said.

Markets  ·  25 October 2019
Regulation

Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely

Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals.

Policy & regulation  ·  23 October 2019
Regulation

How to Watch Mark Zuckerberg’s Grilling in Congress Today

Facebook's Mark Zuckerberg will be testifying before lawmakers on Libra and more later today. Watch the livestream here.

Policy & regulation  ·  23 October 2019
Regulation

US Treasury to Monitor Libra Over Possible Financial Risks

The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress.

Policy & regulation  ·  23 October 2019
Regulation

Regulate Stablecoins – Don’t Squash Them

Regulators should offer a path for stablecoins to exist alongside current financial systems, writes a fellow at Harvard's Berkman Klein Center.

Policy & regulation  ·  23 October 2019
Regulation

What to Expect When Facebook’s Zuckerberg Defends Libra on Capitol Hill

Here's what you need to know before Mark Zuckerberg testifies in front of the House Financial Services Committee on Libra.

Policy & regulation  ·  23 October 2019
Facebook

Zuckerberg to Tell Congress: Libra Can Fix ‘Failing’ Financial System

Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives.

Markets  ·  22 October 2019
Stablecoins

US Lawmaker Introduces Bill Classifying Stablecoins as Securities

A draft bill published Tuesday would regulate stablecoins under the Securities Act of 1933.

Markets  ·  22 October 2019
Facebook

Facebook Risks Banking Ties Over Libra Concerns, Says ING Exec

ING CEO Ralph Hamers said Libra could make it difficult for banks to accept or keep the project's creator as a client.

Markets  ·  22 October 2019
China

Facebook’s Marcus Says China Wins With Digital Renminbi if US Nixes Libra

David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.

Markets  ·  22 October 2019
Regulation

Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins

Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.

Policy & regulation  ·  21 October 2019
Libra

It’s Too Soon to Write Libra’s Crypto Obituary

The recent spate of bad news for Libra isn't necessarily a death knell for the project, writes Mike J. Casey.

Markets  ·  21 October 2019
Regulation

Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7

A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.

Policy & regulation  ·  18 October 2019