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. origin »
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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 | |
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Libra association says that Facebook cryptocurrency is not being initiated to replace the already established currencies. The Managing Director Bertrand Perez, who was speaking at UN headquarters in Switzerland at a blockchain conference, stated that they are not implementing a monetary policy with Libra.
2019-9-28 17:44 | |
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The outgoing president of the European Central Bank (ECB) believes that so far crypto assets have had few implications for existing monetary policy. However, Mario Draghi believes that this could change in the future.
2019-9-28 23:00 | |
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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 | |
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Coinspeaker ECB Exec: Libra Could Address Global Payments System ProblemsECB Board Member Benoit Coeure has warned that private stablecoins like Libra are posing big risk to the monetary sovereignty, however, they can also solve some of the burning issues.
2019-9-26 11:00 | |
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Stablecoins like Libra threaten the monetary policy of European countries, believes the European Central Bank board member.
2019-9-18 10:42 | |
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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 | |
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David Marcus, known as the head of Calibra, the company in charge of Facebook’s Libra stablecoin, has recently decided to respond to the prominent concerns that Libra could affect the sovereignty of national fiat currencies.
2019-9-16 20:44 | |
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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 | |
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France and Germany have agreed to block Facebook’s Libra cryptocurrency. In a joint statement, the two governments confirmed that no private entity can claim monetary power, which is inherent to the sovereignty of nations.
2019-9-14 18:17 | |
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French finance minister opposed Facebook cryptocurrency project. According to him, Libra threatens the monetary sovereignty of European states.
2019-9-18 10:54 | |
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The European Union needs to establish a common set of rules for cryptocurrencies to counteract risks posed by Facebook’s Libra, France’s Finance Minister Bruno Le Maire said today. According to Reuters, Libra could pose risks to consumers, financial stability and even “the sovereignty of European states,” Le Maire said.
2019-9-13 13:34 | |
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French Minister of Finance Bruno LeMaire warned that the launch of Libra would threaten the monetary sovereignty of governments.
2019-9-13 10:14 | |
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Coinspeaker Europe, Led by France, Set to Block Facebook’s LibraFrance warned that it will block the development of Facebook’s planned Libra cryptocurrency in Europe as it represents itself a threat for the “monetary sovereignty” of governments.
2019-9-12 16:58 | |
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France's Bruno Le Maire has reportedly warned that the country will block the development of Facebook's in-house cryptocurrency, Libra, in Europe — citing threats to the "monetary sovereignty" of the continent's governments.
2019-9-13 14:02 | |
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Bruno Le Maire, Minister of the Economy and Finance for France has made it clear that they would not allow the development of Libra cryptocurrency as it threatens the “monetary sovereignty” of governments.
2019-9-12 12:28 | |
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Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.
2019-9-7 20:17 | |
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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 | |
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The Swiss National Bank (SNB) is afraid that digital currencies like Facebook’s Libra might impede the central bank’s capability to initiate and implement monetary policy. This is the conclusion of Thomas Jordan, chairman of SNB’s governing board.
2019-9-6 15:00 | |
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According to news published on Bloomberg on Septemeber 2, Yves Mersch, an executive board member at the European Central Bank (ECB), stated that Facebook’s proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy.
2019-9-3 09:00 | |
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Facebook’s proposed cryptocurrency called Libra — scheduled for release in the first half of 2020 — according to European Central Bank’s board member Yves Mersch undermines ECB’s ability to set monetary policy.
2019-9-3 01:10 | |
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Another ECB board member has spoken of the danger of digital assets to create pressures on official monetary policy.
2019-9-2 15:18 | |
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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 | |
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Yves Mersch has warned of the threat posed by Facebook's Libra to monetary policy and consumers in the EU.
2019-9-2 13:00 | |
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ZenGo, a keyless multi-cryptocurrency wallet created by an Israel-based blockchain startup, has added support for Facebook’s Libra coin which is slated to go live in 2020. The wallet lets users store a test version of Libra that has no monetary value, to enable them to get familiar with the stablecoin before its official launch, reportsRead MoreRead More.
2019-8-19 13:00 | |
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A former employee of the Bank of Japan (BoJ) believes that Facebook’s Libra may threaten the impact of local monetary policies. Libra may reduce the overall effectiveness of monetary policies as well as weaken emerging markets currencies.
2019-8-4 23:00 | |
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A former Bank of Japan executive said that Libra could undermine existing monetary policy if it became widespread.
2019-8-14 17:18 | |
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New technologies are often met with skepticism from the general public, and cryptocurrency has been no exception by far. Despite the added concerns crypto faces from the sheer thought of storing monetary assets solely on...
2019-7-25 11:18 | |
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The proposed Libra digital asset will not aim to encroach on monetary policy or privacy, stated Marcus in Tuesday’s testimony before the US Senate Banking Committee.
2019-7-16 16:13 | |
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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 | |
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Facebook’s Libra also received negative comments by @TheRealDonaldTrump, for potential disruptions against the monetary system.
2019-7-12 13:16 | |
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Ever Since Libra was unveiled, it has attracted the attention of several people, from analysts to the US Congress, regulators and most recently, the Asian giant, China. Reports say that China is looking to develop its own digital currency because Libra poses a massive risk to global financial and monetary systems.
2019-7-10 18:37 | |
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ECB’s Benoit Coeure warned Facebook must not be allowed to create a rival of the current monetary system.
2019-7-8 16:58 | |
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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 | |
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According to Democrats, Facebook's Libra is a serious privacy, trading, national security and monetary policy concerns for not only users but for investors. The post Facebook’s Libra Is a Serious Privacy and National Security Concern appeared first on Ethereum World News.
2019-7-4 17:30 | |
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Facebook’s cryptocurrency Libra is a “rival” to US monetary policy and the dollar itself. That’s the view of Congress which has officially urged Mark Zuckerberg to cease development on its crypto project.
2019-7-3 19:11 | |
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As many of our regular readers may already be aware of, Maxine Waters — Chair of the House Financial Services Committee — recently called for a meeting to discuss the development of Libra, Facebook’s much-hyped cryptocurrency offering.
2019-7-3 16:29 | |
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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 | |
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The Monetary Authority of Singapore reportedly has concerns over Facebook's recently unveiled cryptocurrency project, Libra.
2019-6-27 13:10 | |
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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 | |
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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 | |
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This update from the Comptroller's office could shake up how banks approach cryptocurrency
The Singaporean banking giant wants to help clients optimize liquidity management and streamline operational workflows.
Littio, a Colombian Neobank, has partnered with OpenTrade to provide interest-bearing USD accounts to local customers on the Avalanche blockchain. According to a press release shared with crypto.
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
Users can create individually owned and compliant bank accounts and use USDC stablecoins as the default deposit currency.
Digital bank Revolut is set to release a cryptocurrency exchange targeting "advanced traders," according to an email sent to customers that was seen by CoinDesk.
To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.