2020-3-10 01:22 |
Facebook is revising its plans to develop its own digital currency due to resistance from regulators.
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Despite Facebook’s various obstacles, the social media giant is set to finally launch its digital currency. According to reports, the much-anticipated Libra currency might launch as soon as January 2021, but in a more reduced capacity than the original ambitious model.
2020-11-27 16:38 | |
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Facebook’s Libra digital currency project may finally hit the ground running in January 2021 with the launch of a dollar-pegged stablecoin. The single digital currency pegged to the dollar is a far cry from the ambitious plans first introduced back in 2019.
2020-11-27 12:17 | |
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Ever since Facebook announced the Libra, there have been numerous concerns regarding the project. It now appears that some changes may be in order after all. In theory, the Libra is designed to be a digital currency.
2020-3-6 02:00 | |
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India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra.
2020-3-5 23:00 | |
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Facebook’s Libra cryptocurrency may exist in a reduced capacity when it goes live later this year. Instead, Libra will reportedly introduce support for fiat currency. Facebook will offer users digital...The post Facebook May Downplay Libra as Its Native Cryptocurrency appeared first on Crypto Briefing.
2020-3-4 16:20 | |
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Central banks around the world are assessing the benefits of issuing a state-controlled digital currency after China announced that it is close to launching its digital yuan and Facebook launching Libra.
2020-2-26 22:35 | |
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Facebook's Libra sparked a heated conversation on stablecoins and central bank digital currency [CBDC] issuance across the globe and as a result, several central banks have jumped into the conversatioThe post Bank of England exec highlights need to consider digital currencies as options appeared first on AMBCrypto.
2020-2-25 18:25 | |
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Central bankers and proponents of digital currency have been at odds with each other for a long time now. 2019 was particularly a highlight after the criticism of Facebook's Libra over the course of The post Bitcoin, other crypto-assets' success in the future may depend on fiat appeared first on AMBCrypto.
2020-2-22 21:30 | |
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Libra, the digital currency from Facebook, is raising more than a few eyebrows in the European Union
2020-2-20 09:47 | |
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Last year social media giant Facebook put the world’s central banks into a panic with its crypto currency ambitions. This year they are scrambling to launch their own digital currencies but competition could lead to a crypto cold war.
2020-2-4 15:00 | |
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Reddcoin Intro ReddCoin is a “social currency” that gives holders the ability to reward creators of content on social media platforms like Twitter and Reddit with RDD coins. Volunteer developers are reportedly targeting other high-profile social media sites including Facebook.
2020-2-4 02:12 | |
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Despite significant pushback from lawmakers in several jurisdictions, which has created substantial uncertainty surrounding Facebook’s digital currency, the Libra Association is pushing ahead with development related to the project.
2020-2-3 14:09 | |
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With China reportedly speeding up the development of its national currency, the digital yuan, some researchers and government officials have called on the Chinese government to exercise caution. While Facebook’s Libra might be a threat, there are suggestions that the government should instead work with global regulatory bodies to regulate cryptocurrencies such as Libra.
2020-1-28 12:00 | |
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The powers that be in China seldom listen to advice from any outsiders. One former central banker, however, thinks that global cooperation is needed, especially in response to Facebook’s Libra. China has fast-tracked the development of its central bank digital currency (CBDC), primarily over fears that Facebook could dominate if it gets there first.
2020-1-28 17:10 | |
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A group of Japanese lawmakers from the ruling party came forward with the proposal of Japan issuing its own digital currency. It seems China’s determination to create the digital yuan and Facebook’s Libra has alarmed Tokyo more than a little bit.
2020-1-24 20:57 | |
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Recent reports indicate that Japan might be moving towards launching its own CBDC, although uncertainty remains high due to reports that deny the decision. Japanese lawmakers might be moving in on the crypto space Ever since Facebook confirmed the rumors that it plans to launch its own cryptocurrency, lawmakers, regulators, and central banks around the world started taking the crypto sector a lot more seriously.
2020-1-24 14:32 | |
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Global officials and economists at the WEF voice the fact that Facebook’s Libra pushed the world to start reconsidering the U.S. dollar as anchor currency
2020-1-23 21:48 | |
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A former Executive of the Bank of Japan (BOJ) has said that Facebook’s Libra prompted Central Banks to invest more resources in Digital Currency research sooner than expected. According to a report by Reuters on Jan 22, Hiromi Yamaoka, a former head of settlements and payments at the BOJ, noted that regulators might have done […]
2020-1-23 21:22 | |
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The former head of payments and settlements at the Bank of Japan says Facebook’s Libra spurred institutions to look seriously into digital currency issuance
2020-1-22 12:48 | |
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The Libra Association is been the subject of much turmoil since releasing the white paper for it’s digital currency, receiving criticism from lawmakers and regulars around the world. In spite of this, the association has pressed on, managing to initially secure 28 corporate backers to lead the way.
2020-1-22 01:56 | |
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Facebook's unveiling of its plan to launch a digital currency dubbed Libra has not only drawn the attention of regulators worldwide, but it has also initiated talks about central backed digital currenThe post CBDCs could be key to a broad-based blockchain payments system appeared first on AMBCrypto.
2020-1-22 21:30 | |
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The world’s major central banks are coming together to assess the development of their own digital currencies, now that their role is being challenged by new technologies and the entry of giants like Facebook, through Libra.
2020-1-22 20:20 | |
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The Swiss government is spooked by concerns on the sustainability of FaceBook's Libra as a global currency. This adds to regulatory concerns raised by global regulatory authorities on the viability of the Libra token.
2020-1-21 18:38 | |
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The Reserve Bank of Australia (RBA) says Facebook’s digital currency, Libra, should not be allowed to launch in Australia without being heavily regulated. It does not believe there will be enough demand to merit the effort required to introduce the currency to Australia.
2020-1-21 18:00 | |
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Facebook's Libra, slated to be launched in 2020, is nowhere close to its release yet, with regulatory authorities around the world raising fresh questions about the stablecoin being a global currency.
2020-1-21 09:30 | |
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Crypto Dad wants to digitize the greenback. His new venture, the Digital Dollar Project, is a foundation set up to advocate for a US central bank digital currency (CBDC). But is it necessary? What Libra Did Interest in CBDCs has been growing since Facebook threatened to undermine the international monetary order with the creation of […] The post Why Crypto Dad Wants to Digitize the Greenback appeared first on Crypto Briefing.
2020-1-21 19:31 | |
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Australia is the latest country to reject Libra — Facebook’s proposed digital currency payment project. The country’s central bank also says sovereign digital currencies are unnecessary given that commercial banks already have working electronic payment solutions.
2020-1-9 18:00 | |
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The Reserve Bank of Australia (RBA) has now confirmed that it is mulling over the digital version of the Australian dollar, a digitized currency commercial banks and other corporates across the countrThe post Facebook's Libra won't be allowed, even if regulated: Australia's RBA appeared first on AMBCrypto.
2020-1-9 14:24 | |
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2019 in the cryptocurrency space was pretty much all about Bakkt, Bitcoin's price, Facebook's Libra, and China's state-backed digital currency. While China has been up-and-running in terms of planningThe post China's DCEP could be 'better way to circumvent current financial system' appeared first on AMBCrypto.
2020-1-3 18:30 | |
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Facebook’s digital currency Libra has been a big miss so far and requires a revamp in order to be supported, said the finance minister of Switzerland and outgoing president. Where regulatory consent is concerned, Ueli Maurer, the president of Switzerland said, “I don’t think (Libra has a chance in its current form), because central banks […]
2019-12-28 19:04 | |
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From Facebook’s attempt to launch Libra, to China moving closer to becoming the first major economy to issue a central bank digital currency, the last twelve months were action-packed with crypto headlines.
2019-12-28 14:09 | |
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The Governor Lael Brainard, of the US Federal Reserve on Wednesday stated Facebook’s digital currency project Libra faces a “core set of legal and regulatory challenges.” Social media giant’s stablecoin that is linked to fiat money and other sound assets to mitigate fluctuations in the price of cryptocurrencies like Bitcoin, remains unproven with a vague […]
2019-12-18 21:12 | |
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2019 will go down as the year when the world went digital currency crazy. Not crypto crazy (that was 2017), but crazy for issuing national and corporate digital coins. Facebook. China. Canada.
2019-12-18 12:51 | |
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The Saga Foundation, a Swiss non-profit created last year dedicated to developing new technologies in open and decentralized software, is launching a new virtual currency called Saga (SGA). The token is connected to the International Monetary Fund’s (IMF’s) cash reserve that can initially only be owned by accredited and identified investors.
2019-12-10 21:00 | |
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Following Facebook's announcement of its digital currency project, Libra, many crypto-enthusiasts saw it as a challenge and began working on a derivation of the social media giant's project. SimilarlyThe post Blockchain company Saga announces token as an alternative to Libra appeared first on AMBCrypto.
2019-12-10 11:38 | |
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Steven Mnuchin, United States' Treasury Secretary is 'fine' with the launch of Facebook's digital currency Libra. The caveat, however, is that the digital currency will have to be compliant with moneyThe post US Treasury Secy 'Fine' with fully compliant Libra launch appeared first on AMBCrypto.
2019-12-6 16:30 | |
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France's answer to Facebook's Libra threat is to launch its own wholesale central bank digital currency (CBDC) per its central bank governor. The post France Hates Facebook’s Libra So Much it’s Developing its Own Digital Currency appeared first on CCN.com
2019-12-7 13:43 | |
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As Facebook undergoes an onslaught of criticism for its practices, questions surrounding the launch of its Libra digital currency continues to mount. Given that cryptocurrencies have been designed to circumvent the problem of trust, can Facebook do anything to overcome its issues relating to privacy? The furor over Facebook and its exploitation of user data […] The post As Facebook Faces New Inquiry, Libra Looks Unlikely to Earn Public Trust appeared first on BeInCrypto.
2019-12-4 23:14 | |
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Mu Changchun, the Deputy Director of the People’s Bank of China (PBoC) has taken to De Dao, a popular Chinese education app to enlighten the masses on cryptocurrencies, including Facebook’s Libra altcoin and China’s Digital Currency Electronic Payment (DCEP) system, reports Forkast on November 18, 2019.
2019-11-18 20:00 | |
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While many enthusiasts offer a bullish assessment of the future of cryptocurrencies like bitcoin and the ways it can be used to replace or supplement fiat currency, the coins have received mixed reactions from central banks across the globe.
2019-11-14 19:58 | |
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As regulators around the world seek to delay Facebook's Libra, central banks are racing to launch sovereign digital currencies.
2019-11-14 14:05 | |
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Facebook may have a plan B. Libra may be dead and buried and Facebook might be looking to keep it that way. The social media giant initiated the Libra digital currency project back in June, and it The post Facebook might've just put the final nail in Libra's coffin appeared first on AMBCrypto.
2019-11-13 16:30 | |
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Facebook's universal digital currency project Libra might be at the receiving end of regulators and governments around the globe, but looking at China's accurate adoption of blockchain technology and the slated launch of its central bank-issued digital currency (CBDC) by the end of this year, the US might need an ally like Libra to help […]
2019-11-11 22:17 | |
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Last week, speaking at the New York Times DealBook Conference, David Marcus, the head of Facebook’s cryptocurrency projects, called Bitcoin “digital gold,” while simultaneously arguing that the coin is not a good currency for transactions: “I don’t think of Bitcoin as a currency.
2019-11-12 20:52 | |
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Zhou Xiaochuan, the chairman of the People’s Bank of China from 2002 to 2018, has come out saying that Libra would work better if controlled by the International Monetary Fund (IMF). China has been watching Facebook’s Libra digital currency plans closely.
2019-11-9 00:12 | |
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Бывший председатель Народного банка Китая Чжоу Сяочуань уверен, что проект цифровой валюты Libra от Facebook вряд ли далеко продвинется без контроля со стороны международных финансовых учреждений. I watched the entire video and his comments is VERY to the point and super wise TBH.
2019-11-8 15:08 | |
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Facebook Libra lead David Marcus doesn’t believe bitcoin is a currency. Its volatility keeps it from becoming a currency, he explained. Bitcoin is more aking to ‘digital gold’, according to the Facebook executive.
2019-11-7 15:24 | |
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David Marcus, head of Facebook’s Libra project, doesn’t see Bitcoin as a form of currency, stating that it’s digital gold. Bitcoin Not a Medium of Exchange Marcus was speaking at the New York Times Deal Book Conference in the Big Apple yesterday when he made his remarks.
2019-11-7 13:30 | |
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The European Central Bank (ECB) might issue a public digital currency, Reuters reported on Tuesday, citing a draft document. The move is meant to counteract the influence of Libra, the upcoming stable coin developed by Facebook.
2019-11-6 08:01 | |
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