Libra

Regulation

Facebook’s Libra Just Got Its First Major Supporter in Congress

Bucking a trend, Sen. Mike Rounds (R-S.D.) wrote a letter praising Libra as a technological advance that he feels is needed.

Policy & regulation  ·  17 October 2019
CBDC

Libra Shows Central Banks’ Failure on Cross-Border Payments: Riksbank

A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP.

Business  ·  17 October 2019
Europe

France’s Le Maire Attacks Facebook’s ‘Political’ Ambitions With Libra

The French finance minister has said Libra is an "unacceptable" challenge to state sovereignty and suggested political motives behind the project.

Policy & regulation  ·  17 October 2019
Regulation

Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound

Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.

Policy & regulation  ·  17 October 2019
Facebook

Libra Plays Down Troubles, Anticipates 100 Members by Launch

The Libra Association has said the project is undeterred by recent setbacks and expects to sign up 100 partners before it goes live.

Markets  ·  16 October 2019
Facebook

Libra Is ‘Catalytic Event’ for Central Banks, Says Head of Sweden’s Riksbank

Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money.

Policy & regulation  ·  15 October 2019
Facebook

Facebook-Led Libra Forms Governing Council After Big-Name Departures

At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council.

Markets  ·  14 October 2019
Facebook

Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project

Visa, Mastercard, eBay, Stripe, Mercado Pago and PayPal have all withdrawn from the Libra Association now.

Markets  ·  11 October 2019
Legal

Facebook’s Calibra Sued by Mobile Banking App Over Similar Logos

The complaint alleges the Calibra logo is too similar to Current’s, which the fintech firm has been using since August 2016.

Policy & regulation  ·  11 October 2019
Ethereum

‘Members’ of OpenLibra Disavow Project Days After Its Devcon Unveiling

The creator of an "open" alternative to Facebook's Libra stablecoin misrepresented which parties are involved in the project, CoinDesk has learned.

Markets  ·  11 October 2019
Facebook

Facebook CEO Mark Zuckerberg to Testify Before Congress Over Libra Crypto

Facebook CEO Mark Zuckerberg will defend Libra before U.S. lawmakers later this month.

Markets  ·  9 October 2019
Europe

Bank of England Sets Out Rules for Libra Launch in the UK

The central bank has finalized principles the Facebook-led cryptocurrency project must adopt before a U.K. launch.

Policy & regulation  ·  9 October 2019
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