Fed Economists Call Fears of Original Libra Stablecoin ‘Overstated’

2020-6-22 18:39

Economists at the Federal Reserve suggest Libra – in its original, basket-backed stablecoin form – might not have had as severe an impact on financial stability as policymakers suggested last year.

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Facebook’s Libra could give birth to a ‘shadow banking’ system, claims United States’ Federal Advisory Council

At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook.

2019-10-2 18:45


Binance Positions Its Project Venus Stablecoin As Government-Friendly Libra Competitor

Binance, one of the largest crypto exchanges in the world, is marketing its new stablecoin Venus as an alternative to Libra that can be really friendly to governments. The project was revealed last month, when the CEO of Binance, Changpeng Zhao, affirmed that the company would be creating several stablecoins around the world. Now, the […]

2019-9-18 20:58


Ôîòî:

Îæèäàåìàÿ äàòà çàïóñêà ïðîåêòà «Îôèöèàëüíûå àêöèè Âåñîâ»

Îæèäàåòñÿ, ÷òî óïðàâëÿåìàÿ Facebook Libra stablecoin áóäåò çàïóùåíà ê êîíöó ñëåäóþùåãî ãîäà, ïî ñëîâàì ðóêîâîäèòåëÿ íåêîììåð÷åñêîé îðãàíèçàöèè, êîòîðàÿ ñòîèò çà ñòàáèëüíîé ìîíåòîé. Âñå æå îíà áóäåò? Èç çàÿâëåíèÿ Ôåéñáóê: «Ìû òâåðäî ïðèäåðæèâàåìñÿ ãðàôèêà çàïóñêà äî êîíöà 2020 ãîäà», — ñêàçàë Áåðòðàí Ïåðåñ, óïðàâëÿþùèé äèðåêòîð è ãëàâíûé îïåðàöèîííûé äèðåêòîð Àññîöèàöèè Âåñîâ, â èíòåðâüþ ôðàíöóçñêîìó íîâîñòíîìó æóðíàëó […] Áîëüøå ìàðîê Ñîîáùåíèå Îæèäàåìàÿ äàòà çàïóñêà ïðîåêòà «Îôèöèàëüíûå àêöèè Âåñîâ» ïîÿâèëèñü ñíà÷àëà íà wallbtc.info.

2019-9-15 22:18


Libra Association Head: Facebook’s Crypto Stablecoin Still On Track To Be Launched By End Of 2020

The head of Libra Association, the non-profit organization behind Libra stablecoin project, has revealed that the token will be launched by the end of 2020. We believe that the global, open, instant, and low-cost movement of money will create immense economic opportunity and more commerce across the world: https://t.

2019-9-14 22:08


Facebook’s Libra Association Shrugs Off Regulatory Concerns, Prepares Launch for 2020

Bertrand Perez, the general director of the Libra Association, has expressed confidence that Facebook’s stablecoin will launch during 2020. Speaking to French publication Les Echos, Perez indicated that while the Libra Association is expecting talks with regulators to continue, the project is slated for launch during the second half of next year.

2019-9-14 20:21


Facebook Now Seeking Swiss Payment System License for Crypto Project Libra

Facebook’s cryptocurrency project Libra is now seeking a Swiss payment license, said financial watchdog FINMA on Wednesday. Social media giant Facebook (FB) first announced its plan to launch a cryptocurrency in June, as an attempt to move into global payments that has drawn intense scrutiny from global financial authorities. The stablecoin Libra, which is planned […]

2019-9-11 17:55


US Treasury: Facebook’s Libra And Other Crypto’s Must Adhere To AML & Terrorism Financing Standards

The highly anticipated Facebook’s crypto, Libra, must meet stringent US regulatory requirements before it can be launched, says an official from the US treasury. According to Treasury’s Under Secretary in charge of terrorism as well as financial intelligence, Sigal Mandelker, the Libra stablecoin must achieve the highest standards for fighting money laundering as well as […]

2019-9-10 21:02


Facebook Ditched Bitcoin For Libra Over Its Inability to Scale: Bill Barhydt

Facebook (FB) actually preferred to use Bitcoin: Abra CEO, Bill Barhydt The plan was to create a scalable Bitcoin as anything transactional with BTC was effectively untenable Bitcoin consultant, Udi Wertheimer begs to differ Before going with its own stablecoin Libra, social media giant Facebook (FB) has been considering using Bitcoin, Bill Barhydt, CEO of […]

2019-9-8 17:56


Facebook’s Libra does not have any characteristics associated with cryptos, claims Jake Chervinsky

The introduction of Facebook’s Libra has been one of the highlights of 2019, but it was not smooth-sailing for the virtual asset. The Facebook-backed stablecoin received collective criticism from government officials, crypto-personalities and a majority of the community, with many questioning its potential use cases and characteristics as a cryptocurrency.

2019-9-7 20:30


Binance’s Venus will Face the Same Challenges as Facebook’s Libra, says Crypto Researcher

Libra to serve as a cautionary tale for Binance’s Venus The exchange is planning to launch an independent association in charge of stablecoin project Instead of Western companies, Venus’ geographic scope aligns with Beijing's infrastructure initiative Last week, the world's largest cryptocurrency exchange Binance announced its upcoming project, Venus. With that the Mata-based crypto platform […]

2019-8-31 18:23


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Circle’s USDC to launch on Aptos with Stripe adding support

Aptos Foundation announced that Circle’s USDC stablecoin and Cross-Chain Transfer Protocol will launch on the Aptos blockchain.  Along with this launch, Stripe is also adding support for Aptos (APT) in its crypto payment products, a move aimed at streamlining payments…

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