Facebook’s Libra is not Welcome in Australia According to RBA

2020-1-10 22:00

The Reserve Bank of Australia has serious doubts about Libra’s success within the nation. In an article published by afr. com on January 9, the RBA sustains that even if it meets all regulatory requirements, there won’t be enough demand for domestic payments in the stablecoin.

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Источник: btcmanager.com

australia libra → Результатов: 14

Australian Central Bank says “Nah, mate” to Facebook’s Libra

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	BNC insights
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Reserve Bank of Australia Looks To Deny Cryptos Like Facebook’s Libra Until Regulations Are Met

When it comes to Libra and the viability of central bank digital currencies (CBDCs), the Reserve Bank of Australia (RBA) has announced it has serious doubts. RBA officials said in December last year they don’t believe cryptocurrencies will ever take the place of money issued by governments.

2020-1-9 20:58	Legal & Regulation
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RBA to Block Facebook’s Libra in Australia

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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Australians Won’t Use Libra, Believes Central Bank

Reserve Bank of Australia officials are not yet convinced cryptocurrencies offer benefits over and above traditional means of payment.

2020-1-9 16:00	Stablecoins
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Facebook's Libra won't be allowed, even if regulated: Australia's RBA

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	Trading View
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Jack Dorsey Confirms Twitter’s Disinterest In Making A Stablecoin Like Facebook’s Libra

Twitter’s founder and CEO Jack Dorsey has confirmed that he doesn't intend to launch a cryptocurrency while on a trip to Australia to promote Square, the other publicly traded company which he co-founded.

2019-9-8 18:14	Jack Dorsey
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Facebook’s Libra Continues To Receive Worrisome Outlooks From Global Finance Regulators

Libra, the cryptocurrency project headed by Facebook and the Libra Association, is getting heat from several privacy and data protection regulators around the world. According to recent reports made by The Block Crypto, regulators from countries such as the United States, Canada, United Kingdom, Australia and the European Union are all concerned about Libra and […]

2019-8-7 22:35	Facebook
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Facebook, stop trying to make Libra happen

Just when we thought Facebook’s Libra couldn’t be subject to any more scrutiny, it turns out that data protection bosses from all over the world have banded together to share concerns about the ‘cryptocurrency’s’ potential privacy risks.

2019-8-6 14:49	hard fork
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Facebook’s Libra is proof that Big-Tech can go toe to toe with Big Banks, claims US Senator

By the look of things, Libra will be attracting more regulators than customers. Facebook’s foray into the cryptocurrency world began last month when Libra was unveiled and lawmakers across the world lost it.

2019-7-13 10:00	News
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The TIE Publishes Study About Crypto Sentiment All Over The World; Bitcoin and Libra Lead the Way

Do you know which countries are the ones that are most positive on Bitcoin? New research made by The TIE, a crypto trading platform, was recently posted on Twitter. 10/ The Netherlands is actually the country with the second most #Link conversations, followed by the UK, Australia, Canada, and Denmark. Turkey which has the fourth […]

2019-7-5 20:12	Bitcoin Innovation
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XRP to “Moon Ultra Hard” as Facebook’s Libra “Catalyzing” Partnerships for Ripple

Ripple CEO, Brad Garlinghouse recently while speaking at Fortune’s Brainstorm Finance Conference in New York, praised Facebook’s Libra. Earlier this week, Facebook unveiled its “stablecoin Libra” that industry experts said is not really a blockchain.

2019-6-23 18:11	Ripple (XRP)
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‘Don’t Hold Your Breath:’ Australia’s Central Bank Chief Bearish On Libra

Australian regulators don't expect Libra to gain much traction in the land down under.

2019-6-22 01:00
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Australia’s Central Bank Chief Wants To Bury Some Of The Hype Around Libra

Australia’s central bank chief, Philip Lowe, believes that even after the release of Facebook's Libra cryptocurrency, it will be a long time before the Libra "becomes something we're using all the time."

2019-6-21 19:17	World
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Australia: Cryptocurrency unlikely for retail payments, Facebook or not

The world is still processing the specifics of Facebook‘s Libra digital currency, but even the Reserve Bank of Australia (RBA) has realized it’s set to rub cryptocurrency purists the wrong way.

2019-6-20 12:38	hard fork
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Circle doubling down on Hong Kong presence

Circle plans to bolster its foothold in Southeast Asia, with Hong Kong’s stablecoin roadmap incentivizing the firm’s proposed business expansion.

BitGo appoints ex-Silvergate president to oversee reward-bearing stablecoin

BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead its stablecoin USD Standard. Global crypto custodian firm BitGo announced Reynolds’ appointment to oversee the growth and global adoption of its recently launched USD Standard…

Paxos unveils USDG stablecoin compliant to Singapore’s upcoming regulatory framework

Stablecoin issuer Paxos has announced a new token dubbed “Global Dollar” that is “substantively compliant with MAS’ upcoming stablecoin framework.” Digital assets company Paxos has launched a new stablecoin, Global Dollar (USDG), designed to meet stringent compliance standards set by…

VanEck-backed stablecoin AUSD debuts on Injective blockchain

Agora’s AUSD, a stablecoin backed by VanEck and held by State Street, now powers cross-market liquidity on the Injective blockchain. Injective (INJ) has added support for AUSD, a U.S. dollar-pegged stablecoin issued by crypto startup Agora, marking a significant step…

Felix teams up with Zero Hash for improved WhatsApp-based payments

Felix, a WhatsApp-based platform focused on cross-border payments, has teamed up with Zero Hash to simplify remittances for 60 million U. S. -based Latinos. According to a press release seen by crypto.

Circle CEO predicts stablecoins will play major role in Hong Kong trade

CEO of Circle, Jeremy Allaire, says stablecoins will become a critical part of Hong Kong’s trade settlements as the region transitions into more Web3 territory. According to an Oct. 30 report on South China Morning Post, Jeremy Allaire said Circle(cUSDC)…

Hong Kong stablecoin FDUSD expands to Solana

Hong Kong-based stablecoin issuer First Digital Trust said Thursday it is expanding its FDUSD token to the Solana network. First Digital USD (FDUSD), the fourth largest stablecoin by market capitalization issued by Hong Kong-based firm First Digital Trust, is coming…

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