Libra

Regulation

How Anti-Money-Laundering Rules Hinder Libra’s Mission to Reach the Unbanked

A "step-ladder" approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system.

Policy & regulation  ·  9 October 2019
Libra

For Non-Profits Working With Facebook, Libra Isn’t Such a Crazy Idea

If their missions aren't served by Libra, Women's World Banking and Mercy Corps say they'll let it be known – loudly.

Markets  ·  9 October 2019
Europe

German Finance Minister Supports Digital Euro, But ‘Very Critical’ of Libra

Speaking on a possible e-euro, minister Olaf Scholz said Germany "should not leave the field to China, Russia, the U.S. or any private providers."

Policy & regulation  ·  7 October 2019
Futures

Now Traders Can Make Bets on When Facebook’s Libra Will Launch

Crypto futures exchange CoinFLEX is issuing derivatives linked to the launch of the Facebook-led Libra cryptocurrency project.

Markets  ·  7 October 2019
Regulation

US House Committee Pressuring Zuckerberg to Testify on Libra: Report

Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm's cryptocurrency project Libra.

Policy & regulation  ·  4 October 2019
Facebook

PayPal Might Withdraw From Libra Association: Report

PayPal might pull out of the Facebook-led Libra project, according to a Financial Times report.

Markets  ·  3 October 2019
Banking

American Banking Giants Sound Off Against Libra as Monetary Threat

Execs from some of the biggest U.S. banks reportedly told the Federal Reserve that Facebook’s Libra would pose a threat to monetary policies.

Markets  ·  3 October 2019
Europe

European Competition Watchdog Fears Libra’s ‘Closed Economy’

The European Commissioner for Competition, Margrethe Vestager, is asking tough questions of Libra over its potential closed economy.

Policy & regulation  ·  3 October 2019
Facebook

Mark Zuckerberg Addresses Libra Regulation, KYC in Leaked Transcript

In leaked comments from a July meeting, Facebook CEO Mark Zuckerberg discussed internal issues for the firm's crypto network, Libra.

Markets  ·  2 October 2019
Facebook

Institutional Libra Backers Are Getting Cold Feet

Major Libra backers are backing out of the Facebook-led cryptocurrency effort, according to a WSJ report.

Markets  ·  2 October 2019
Libra

Swiss Regulator FINMA Won’t Impede Libra’s Development

"We are not here to make such projects impossible," Mark Branson, CEO of the Swiss Financial Market Supervisory Authority, said of Libra.

Markets  ·  1 October 2019
Libra

ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years

Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies, and soon.

Policy & regulation  ·  27 September 2019
Europe

Facebook-Led Libra Could Be Boon to UN, Says Crypto Project’s Chief

The head of the Libra Association has argued that the Facebook-led cryptocurrency could help the U.N. achieve its sustainable development goals.

Policy & regulation  ·  27 September 2019
Regulation

‘No Argument’ for Replacing Dollar’s Global Role With Crypto: Ex-Fed Official

The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets.

Policy & regulation  ·  26 September 2019
Regulation

Facebook’s Zuckerberg Appears to Put Libra Launch Date in Doubt

In an interview, Mark Zuckerberg suggested that it might be a while before the Libra cryptocurrency actually gets its launch.

Policy & regulation  ·  26 September 2019