2019-10-15 20:18 |
Steven Mnuchin has said that Facebook’s forthcoming Libra stablecoin is not ready to comply with existing money-laundering standards
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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.
2020-6-22 18:39 | |
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Libra Association rethought the business model of stablecoin Libra amid tight confrontation with national regulators. Now Libra is planned to function as a digital version of several fiat currencies and only after receiving appropriate approvals of the country's authorities.
2020-4-21 23:13 | |
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The Libra charter has been signed by 21 organizations, just days after several high-profile payment processing and e-commerce companies withdrew from the controversial stablecoin project led Facebook. The Libra Association named its board of directors...
2019-10-15 10:01 | |
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The problems that Facebook has related to its upcoming Libra stablecoin simply do not stop. Finco Services of Delaware has filed a lawsuit against the popular social media company and it's subsidiary Calibra in New York, related to the logo of the Libra project.
2019-10-12 23:41 | |
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The creator of an "open" alternative to Facebook's Libra stablecoin misrepresented which parties are involved in the project, CoinDesk has learned.
2019-10-11 17:19 | |
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Rep. Maxine Waters stated that Mark Zuckerberg will testify before the Financial Services Committee later this month regarding the Libra payments network
2019-10-10 20:54 | |
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OpenLibra, a permissionless fork of Facebook’s stablecoin Libra, is announced at the Ethereum developer conference Devcon 5
2019-10-10 17:14 | |
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Thirty blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra cryptocurrency to build an open alternative.
2019-10-9 12:30 | |
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A "step-ladder" approach to know-your-customer (KYC) rules could help the Libra stablecoin reach those disconnected from the financial system.
2019-10-9 11:00 | |
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EU's financial services commissioner Valdis Dombrovskis intends to create a new regulations for crypto, particularly Facebook’s Libra stablecoin.
2019-10-8 12:58 | |
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Not only is Facebook’s cryptocurrency Libra is facing a backlash from regulators, but there is also news that PayPal is very close to leaving the 28-company coalition meant to help Libra gain legitimacy and come to fruition.
2019-10-4 16:01 | |
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Tether [USDT] has established itself as the most widely used stablecoin across the cryptosphere. However, several institutions in the recent past have made their entry into the world of cryptocurrencies through stablecoins, hoping to displace USDT.
2019-10-2 09:30 | |
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EU antitrust regulator discusses possible impact from Libra’s launch
2019-10-2 22:04 | |
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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 | |
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Facebook’s COO Sandberg in talks with the U.S. House Financial Services Committee to testify about Libra stablecoin
2019-9-28 01:00 | |
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Libra, one of the most aspirational projects of Facebook which would propel it in the financial demographics and crypto banking services has run into a number of roadblocks ever since its announcement.
2019-9-27 15:56 | |
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Facebook’s planned Libra stablecoin could have a “huge impact on society,” says the governor of the Bank of Japan
2019-9-24 12:02 | |
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The basket of currencies that will support the Libra stablecoin will comprise five national currencies. Chinese yuan is not in the list.
2019-9-25 10:43 | |
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China’s cryptocurrency czar says the world powers do not welcome Facebook’s Libra, but the stablecoin’s advance might now be unstoppable.
2019-9-20 21:30 | |
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Democrats grill Zuckerberg with questions and concerns about its planned Libra stablecoin project during private dinner
2019-9-20 21:27 | |
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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 | |
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Binance is now positioning its Venus stablecoin project as an alternative to Facebook's Libra, a month after downplaying any suggestions of rivalry.
2019-9-19 19:00 | |
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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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Global financial regulators and central banks are calling in officials from Facebook’s Libra cryptocurrency to explain the potential financial risks the stablecoin poses in the global fintech industry.
2019-9-16 16:07 | |
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PayPal reportedly cautious about the fate of Facebook’s planned stablecoin Libra
2019-9-16 10:59 | |
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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 | |
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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 | |
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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 | |
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Bertrand Perez, General Director of the Libra Association, told the French financial media Les Echos that the stablecoin project backed by Facebook would go live by the end of 2020. His comments come a day after French Finance Minister Bruno Le Maire pledged to stop Libra in Europe.
2019-9-14 18:00 | |
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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 | |
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Switzerland’s financial watchdog issues new stablecoin guidelines, outlines its requirements for the Libra Association’s proposed stablecoin payments network
2019-9-11 11:02 | |
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The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
2019-9-11 09:47 | |
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The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
2019-9-12 09:47 | |
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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 | |
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Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms, according to a United States Treasury official
2019-9-11 17:32 | |
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Facebook reportedly included the Singapore dollar but not the Chinese yuan in an updated list of currencies meant to back the Libra stablecoin.
2019-9-11 12:00 | |
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Facebook has reportedly provided the U.S. Senate with details regarding the backing reserves for its Libra stablecoin
2019-9-11 01:50 | |
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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 | |
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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 | |
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Facebook has hired two more lobbyists to help the release of its forthcoming Libra stablecoin
2019-9-7 22:55 | |
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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 | |
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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 state-backed digital currency is almost ready for launch, but apart from the fact that it would act as a stablecoin pegged against the country’s national currency, there is not much information on the project.
2019-9-6 10:41 | |
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In the media space, information about the launch of Amazon own cryptocurrency began to circulate again. For the first time, the forecast that the largest retaileris is ready to launch its own coin – appeared after the announcement of the Libra project.
2019-9-5 13:24 | |
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Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch
2019-9-3 13:33 | |
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Binance said it will be learning from Facebook’s mistakes with Libra, taking an even “more conservative” approach with its stablecoin, Venus. Besides compliance, it differs from Libra in that it will primarily focus on partnering with governments in Asia.
2019-8-30 20:55 | |
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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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Following meetings about Libra with Swiss regulators, U.S. lawmakers still harbor concerns over Facebook’s proposed stablecoin
2019-8-26 01:19 | |
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Facebook the highly controversial social media giant developing the Libra global stablecoin, is in talks with Indonesian digital payment platforms and fintech firms to enable it to launch a WhatsApp-based mobile payments service in the region, reports Reuters on August 20, 2019.
2019-8-21 20:00 | |
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Industry leaders Ivan Soto-Wright, CEO of MoonPay, and Nancy Beaton of Uphold highlight stablecoins as a transformative 'killer use case' for the crypto industry.
Hong Kong presents a stablecoin bill to solidify its digital asset regulatory framework. At a legislative council meeting on Dec. 18, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, presented a stablecoin bill in its second reading.…
BVNK, a stablecoin infrastructure platform founded in 2021, has announced it raised $50 million in its Series B funding round. The platform plans to use the funding to drive the next phase of its business growth, it said in a…
Ripple’s stablecoin RLUSD is live on major crypto exchanges, the U.S.-based crypto company has announced. The launch of the Ripple USD (RLUSD) stablecoin follows the official announcement of its highly anticipated unveiling on December 16. In that communication, Ripple stated…
Ripple’s U.S. dollar stablecoin will become available on the XRP Ledger and Ethereum blockchain starting Tuesday, Dec. 17.
Ethena Labs has introduced a new stablecoin, USDtb, backed by BlackRock’s USD Institutional Digital Liquidity Fund. USDtb operates similarly to other popular fiat-backed stablecoins like USD Coin (USDC) and Tether (USDT), with reserves held in cash or cash-equivalent assets at…
The Bank of England’s Prudential Regulation Authority has issued a data request asking firms to disclose their current and planned exposures to “cryptoassets.” The statement requested firms to disclose their current and expected future “cryptoasset exposures” and to explain their…