ING CEO Ralph Hamers said Libra could make it difficult for banks to accept or keep the project’s creator as a client.
David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.
Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.
No mention of Libra.
The French finance minister has said Libra is an “unacceptable” challenge to state sovereignty and suggested political motives behind the project.
Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.
The Libra Association has said the project is undeterred by recent setbacks and expects to sign up 100 partners before it goes live.
Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money.
At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council.
Visa, Mastercard, eBay, Stripe and PayPal have all withdrawn from the Libra Association now.
Facebook CEO Mark Zuckerberg will defend Libra before U.S. lawmakers later this month.
Senators Brian Schatz and Sherrod Brown have called on Visa, Stripe, and MasterCard to reconsider their membership of the Libra Association.
Thirty blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra cryptocurrency to build an open alternative.
Crypto futures exchange CoinFLEX is issuing derivatives linked to the launch of the Facebook-led Libra cryptocurrency project.
Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm’s cryptocurrency project Libra.
PayPal might pull out of the Facebook-led Libra project, according to a Financial Times report.
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.
The European Commissioner for Competition, Margrethe Vestager, is asking tough questions of Libra over its potential closed economy.
In leaked comments from a July meeting, Facebook CEO Mark Zuckerberg discussed internal issues for the firm’s crypto network, Libra.
Major Libra backers are backing out of the Facebook-led cryptocurrency effort, according to a WSJ report.