Facebook has acknowledged what many have been saying – that regulatory issues may be an insurmountable barrier to its Libra project.
From Silicon Valley to Washington, DC, Facebook’s Libra is causing concern everywhere it turns up. This CoinDesk video explores what happened in the halls of power when the first major corporation joined the crypto party.
Monex Group, the Japanese financial services company that owns the Coincheck crypto exchange, has applied to join Facebook’s Libra project.
Facebook’s CEO said it will spend “however long it takes” to get regulators on board before launching Libra.
Compared with bitcoin, people in the U.S. don’t trust Facebook’s anticipated new stablecoin Libra, according to a new survey.
While Facebook’s Libra project was said to have 28 founding partners when unveiled, that isn’t quite the case, says Visa CEO Alfred F. Kelly.
Facebook hasn’t responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva.
Lawmakers at last week’s hearings took pains to distinguish Facebook’s Libra from the broader crypto space, showing a new maturity in their approach.
A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users.
Joshua Ashley Klayman Kuzar sees Libra as a turning point in the march to mass adoption. “Facebook didn’t come to congress,” she said. “Congress came to Facebook.”
Scandal after scandal hasn’t done Facebook any favors, says former CTFC advisor Jeff Bandman.
Joel Telpner, chair of the Fintech and Blockchain Practice Group at Sullivan & Worcester LLP, sees Libra’s creation as setting a fascinating – and treacherous – precedent.
Lukka CEO and investor Jake Benson sees Libra’s real value as a guinea pig that will allow regulators to test the limits of crypto.
The G7 group of nations has warned of the threat posed by stablecoins such as Facebook’s Libra and set out draft recommendations for regulation.
Nisa Amoils believes that Facebook’s Libra is a platform play.
China has emerged as a perhaps surprising leader when it comes to public interest in Facebook’s Libra cryptocurrency project.
Juan Llanos sees Facebook’s rise in the payments space as nearly inevitable. So how can startups compete? He has some ideas.
U.S. lawmakers repeatedly pressed Facebook’s top blockchain exec to halt development of the Libra cryptocurrency in Tuesday’s hearing.
“We’re going to be talking about Libra three years from now,” JPMorgan Chase CEO Jamie Dimon said Tuesday.
Watch the live webcast of the House Financial Services Committee hearing on Facebook’s Libra cryptocurrency project.