The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies.
Libra Scales Back Global Currency Ambitions in Concession to Regulators
The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies.
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.
Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability
The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens financial stability.
France Says It Will Block Facebook Libra in Europe: Report
The French finance minister has said the nation plans to block Facebook’s Libra cryptocurrency in the EU over its threat to “monetary sovereignty.”
Facebook Libra Brings ‘Risks and Opportunities’: Swiss Watchdog Chief
FINMA’s director has spoken out about the risks of working with a major project like Facebook’s Libra, and said there are also potential benefits.
Facebook Libra Is Seeking to Register as a Payment System in Switzerland
The company set up to run Facebook’s Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.
Facebook Libra, Other Cryptos Must Comply With US Rules: Treasury Official
Facebook’s Libra and other cryptocurrencies operating in the U.S. must meet regulatory requirements to tackle financial crimes, the official said.