Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.
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.
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.
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.
Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project
Visa, Mastercard, eBay, Stripe and PayPal have all withdrawn from the Libra Association now.
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.
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.
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.
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.
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.
PayPal Might Withdraw From Libra Association: Report
PayPal might pull out of the Facebook-led Libra project, according to a Financial Times report.
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.
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.
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.
Institutional Libra Backers are Getting Cold Feet
Major Libra backers are backing out of the Facebook-led cryptocurrency effort, according to a WSJ report.
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.
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.
Japan’s Central Bank Chief Calls for International Effort on Libra Regulation
The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra.
Facebook Reveals Libra Crypto’s Currency Basket Breakdown: Report
Facebook has reportedly revealed the percentage breakdown of the basket of global currencies that will underpin its Libra cryptocurrency.
SEC Chair, Commissioners to Talk Crypto at US Congress Hearing Next Week
The House Financial Services Committee will question SEC commissioners about crypto regulations and Facebook’s Libra next week.