Facebook’s Libra cryptocurrency project threatens the stability of financial systems, according to South Korea’s Financial Services Commission.
Facebook’s Libra Is a ‘Wake-Up Call’ for Regulators, Says ECB Policymaker
Benoit Coeure of the European Central Bank has said projects like Facebook’s Libra require faster action from regulators.
Facebook’s Libra Lacks Foundational Components for Crypto Key Security
After a review of documentation for the Libra protocol and its planned ecosystem, Steven Sprague believes Facebook left out key security components.
Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class
Noelle Acheson argues that Libra is not a cryptocurrency, it’s a security. That in itself is a huge innovation, and perhaps a glimpse of what is yet to come.
Billion-Dollar Returns: The Upside of Facebook’s Libra Cryptocurrency
If Libra achieves even modest adoption, the payoff for Facebook and its partners could be in the billions.
ZenGo Introduces Non-Custodial, Keyless Competitor to Calibra Wallet
ZenGo’s product shows how Libra can be held in other wallets.
Facebook’s David Marcus: Libra Crypto Users Won’t Have to Trust Us
In a note published Wednesday, Facebook blockchain lead David Marcus pushed back against calls to stop Libra’s development.
Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency
Japan’s central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook’s Libra cryptocurrency.
4 US Lawmakers Join Call to Freeze Facebook’s Libra Project
Several House Democrats called for a moratorium on Libra development in a letter to Facebook executives on Tuesday.
US Watchdog Groups Call for Congress to Put a Freeze on Facebook’s Libra
A group of privacy and consumer watchdogs is asking the U.S. Congress to halt Facebook’s Libra project.
UK Regulators Want a Long Look at Libra, Admonish Facebook’s Mantra to ‘Move Fast, Break Things’
The startup mantra just won’t cut it with U.K. regulators.
Facebook’s Inches Towards Global Regulatory Compliance, Applies for New York BitLicense
If the project is to be truly global, Facebook may need “literally hundreds, perhaps thousands, of licenses from hundreds of different regulators,” said Sean Park.
Russia Won’t Ban Facebook’s Libra Currency, Deputy Finance Minister Says
The Russian Ministry of Finance will not issue special regulations for Facebook’s upcoming cryptocurrency, an official said.
BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.
Bitcoin, Facebook and the End of 20th Century Money
Bitcoin is surging and Libra is shaking up regulators as the globe faces a period of doubt on the economic front.
Facebook’s Libra Crypto Code Draws Critiques and Clones
Would-be coders and eager trolls are digging into the early code for Facebook’s Libra cryptocurrency.
JPMorgan CEO Dimon Says Crypto Companies ‘Want to Eat Our Lunch’
Dimon believes blockchain is real and is wary of the competition it brings.
Binance Talking to Facebook About Libra Listing, Becoming Node: Reports
Crypto exchange Binance is reportedly talking to Facebook about getting involved in the social media giant’s upcoming Libra project.
US Lawmakers Question FinCEN on Terrorist Use of Facebook’s Libra
U.S. lawmakers questioned FinCEN director Kenneth Blanco about potential terrorist use of Facebook’s libra cryptocurrency.
ShapeShift Founder Says Crypto Exchange Service Will Support Libra
Erik Voorhees thinks that Facebook’s currency will be a gateway for bitcoin adoption.