American Banking Giants Sound Off Against Libra as Monetary Threat

2019-10-3 15:30

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.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Libra Credit (LBA) íà Currencies.ru

$ 0.0002231 (+0.00%)
Îáúåì 24H $496
Èçìåíåèÿ 24h: 3.37 %, 7d: -12.42 %
Cåãîäíÿ L: $0.0002231 - H: $0.0002231
Êàïèòàëèçàöèÿ $0 Rank 6089
Öåíà â ÷àñ íîâîñòè $ 0.0196359 (-98.86%)

libra monetary threat reserve told reportedly federal

libra monetary → Ðåçóëüòàòîâ: 42


Major US Banks Caution Federal Advisory Council Against Libra Becoming A ‘Shadow Banking’ System

Facebook's nascent crypto project Libra continues to run in trouble even before the actual launch. The project has managed to enrage regulators, central banks and governments around the globe, who believed Facebook was merely using the name of blockchain to start a parallel monetary system, piggy riding the existing framework in which institutions pay billions […]

2019-10-1 22:09


Ôîòî:

Libra exec promises Facebook’s plan isn’t to replace existing currencies

The Libra Association really wants us to know that Facebook cryptocurrency is not being created to replace existing currencies. Manager Director Bertrand Perez, speaking at a blockchain conference hosted at the United Nation headquarters in Geneva today, said: “We are not in the area of implementing any monetary policy with the (Libra) Reserve.

2019-9-27 14:06


Twitter Rubbishes Libra Co-Creator’s Crypto-Fiat Pledge

An attempt by the co-creator of Facebook’s cryptocurrency to “debunk” the notion that Libra will not threaten the sovereignty of nations has been greeted with skepticism on Twitter. While defending Libra from recent accusations that it would take away the monetary sovereignty enjoyed by central banks, David Marcus doubled down to insist Facebook crypto will […] The post Twitter Rubbishes Libra Co-Creator’s Crypto-Fiat Pledge appeared first on CCN.com

2019-9-17 22:22


Ethereum’s Vitalik Buterin says Libra is a wakeup call for governments

Facebook’s nascent crypto project libra has run into serious problems, with fresh objections being raised from regulatory bodies across the globe, right from its announcement in June. Recently, France’s finance minister Bruno Le Maire announced that they won’t allow any development of Libra in their country as it threatens government’s monetary sovereignty.

2019-9-15 15:30


Ôîòî:

China is following Facebook’s playbook to issue a centralized digital currency

China‘s upcoming state-controlled digital currency is to be similar to Facebook‘s proposed coin, which makes total sense, because Libra isn’t really a cryptocurrency. Mu Changchun, deputy director of payments at China‘s central bank, explained the country was issuing its digital currency “to protect our monetary sovereignty and legal currency status,” Reuters reports.

2019-9-6 15:44


Libra’s launch could weaken ECB’s ability to set financial policies, says ECB Board Member

Facebook’s Libra continues to face resistance from institutions across the globe. Yves Mersch, ECB Board Member, was the new entrant to join the list of Libra’s critics. Yves Mersch, who is a former Governor of Luxembourg Central Bank, believed that the proposed virtual asset’s launch could weaken European Bank’s ability to introduce monetary policies and […] The post Libra’s launch could weaken ECB’s ability to set financial policies, says ECB Board Member appeared first on AMBCrypto.

2019-9-2 15:13


France Finance Ministry Agrees With President Trump’s Stance On Libra And Monetary Sovereignty

There are reports coming from France’s Finance Ministry that confirms that they have the same stance as Trump when it comes to Facebooks Libra. President Trump claimed on Thursday that Facebook should have to register as a bank and submit to banking regulations if it plans to move forward with Libra, which company officials have […]

2019-7-13 20:10


Ôîòî:

ECB Executive Says Libra Crypto Is a Wakeup Call to Regulators

An Executive Board Member of the European Central Bank (ECB), the financial institution responsible for administering monetary policies within the Eurozone, has opined that financial watchdogs across the globe must now fast track the process of regulating bitcoin (BTC) and other blockchain-based digital assets, as more and more institutions like Facebook join the bandwagon, reportsRead MoreRead More.

2019-7-8 13:35


Facebook’s Libra Could Castrate Central Banks, Says Ex-World Bank Chief Economist

Central bankers and other makers of monetary policy have every reason to fear Facebook’s cryptocurrency Libra, according to a former chief economist of the World Bank. Libra will make it impossible for central banks to control inflation Per Kaushik Basu, who was the World Bank’s chief economist from 2012 to 2016, Libra will render the […] The post Facebook’s Libra Could Castrate Central Banks, Says Ex-World Bank Chief Economist appeared first on CCN Markets

2019-6-29 18:21


Fed Chair Jerome Powell Talks About Facebook’s Crypto Project During A Press Conference

Jerome Powell said the monetary policy shouldn’t be affected by Cryptocurrencies Libra will be strictly regulated by agencies and governments all around the world The Chairman of the Federal Reserve of the United States Jerome Powell talked with the reporters about Facebook’s recently launched Libra. As reported by The Block, the central bank of the […]

2019-6-20 03:54


Ôîòî:

Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy

Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors.

2019-6-18 13:52