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.
How Anti-Money-Laundering Rules Hinder Libra’s Mission to Reach the Unbanked
A “step-ladder” approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system.
For Non-Profits Working With Facebook, Libra Isn’t Such a Crazy Idea
If their missions aren’t served by Libra, Women’s World Banking and Mercy Corps say they’ll let it be known – loudly.
German Finance Minister Supports Digital Euro, But ‘Very Critical’ of Libra
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.”
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.
Swiss Regulator FINMA Won’t Impede Libra’s Development
“We are not here to make such projects impossible,” Mark Branson, CEO of the Swiss Financial Market Supervisory Authority, said of Libra.
ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years
Dutch bank ING’s chief economist has said Facebook’s Libra is pressuring central banks to launch their own digital currencies, and soon.
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.
‘No Argument’ for Replacing Dollar’s Global Role With Crypto: Ex-Fed Official
The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets.
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.