Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.
The recent spate of bad news for Libra isn’t necessarily a death knell for the project, writes Mike J. Casey.
A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.
No mention of Libra.
A senior economist at Sweden’s Riksbank says central banks need to “keep up” with cryptocurrency advancements like Libra and XRP.
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Visa, Mastercard, eBay, Stripe and PayPal have all withdrawn from the Libra Association now.
The complaint alleges the Calibra logo is too similar to Current’s, which the fintech firm has been using since August 2016.
The creator of an “open” alternative to Facebook’s Libra stablecoin misrepresented which parties are involved in the project, CoinDesk has learned.
Facebook CEO Mark Zuckerberg will defend Libra before U.S. lawmakers later this month.
The central bank has finalized principles the Facebook-led cryptocurrency project must adopt before a U.K. launch.
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.
A “step-ladder” approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system.
If their missions aren’t served by Libra, Women’s World Banking and Mercy Corps say they’ll let it be known – loudly.
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.”