2019-10-16 12:58 |
The head of Sweden’s Riksbank says Facebook’s Libra is shaking central banks globally into action
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Discussions around Facebook's Libra seem to have dialed down a bit lately. However, all the attention that was once given to Libra seems to have extended to Central Bank Digital Currencies (CBDCs) nowThe post Facebook's Libra has instigated fear of central banks losing monetary policy control appeared first on AMBCrypto.
2020-2-15 21:30 | |
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According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers.
2019-8-12 21:42 | |
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Coinspeaker China’s Central Bank Focuses on Development of Its Own Virtual CurrencyChina’s Central Bank now wants to develop a virtual currency to compete with the recently unveiled Facebook’s Libra aiming to gain the lead in the development of the cryptocurrency and blockchain technologies.
2019-8-5 15:04 | |
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The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.
2019-7-31 13:29 | |
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A crypto and blockchain think tank in Kenya is advising authorities to focus on ensuring cryptocurrency adoption in the country, reports CGTN Africa, July 25, 2019. Meanwhile, there hasn’t been much progress regarding the issuance of standardized regulations for digital assets in Kenya but the central bank says the Facebook Libra project poses a systemicRead MoreRead More.
2019-7-26 01:00 | |
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The central bank of Germany, the Bundesbank, released a bulletin in which they say that Libra’s benefits should be allowed despite regulatory uncertainty. The bulletin was titled Crypto tokens in payment transactions and in securities settlement and it was published on July 22nd, according to Cointelegraph.
2019-7-23 18:54 | |
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The Central Bank of Kenya (CBK) has given its take on Facebook’s Libra cryptocurrency project. The apex bank has said that Libra comes with phenomenal risks that need to be properly understood, reports local news source, Telecompaper on July 22, 2019.
2019-7-23 05:00 | |
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During the G7 meeting in France last week, Jens Weidmann, president of Bundesbank, Germany's central bank, came out in favor of Facebook's Libra project, noting that regulators should not work to suppress innovation before clarifying details can be provided.
2019-7-23 19:13 | |
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The Treasury Secretary of the United States of America, Steve Mnuchin, told CNBC in an exclusive interview that G7 financial heads were not comfortable with Libra and expressed their doubts over the ability of the payment consortium to adhere to anti-money laundering (AML) and money transmission regulations.
2019-7-21 23:00 | |
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Jens Weidmann, the President of Germany’s Central Bank Bundesbank, stated that global regulators should not suppress Facebook’s Libra project in its early stages. The statement appeared in an email newsletter shared by Mati Greenspan, a senior marketing analyst at eToro.
2019-7-20 20:40 | |
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Facebook’s Libra has been at the center of scrutiny and skepticism among policymakers from around the globe. Many have even gone on to ask for a complete halt of the project, including many lawmakers during the two-day Congressional hearing.
2019-7-20 03:30 | |
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The G7 Finance Ministers and Central Bank Governors (FMCBG) met in Chantilly in northern France on July 17 and 18. In fact, Europe directly perceived the signal from the hearings in the US Senate on Libra and showed great obedience, as always.
2019-7-20 13:42 | |
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According to Mati Greenspan, Libra has garnered some support at long last, and from an unlikely figure no less. Citing a recent article, which he translated via Google, the eToro analyst noted that the President of the Bundesbank, the central bank of Germany, lauded the Facebook-backed crypto project.
2019-7-19 13:30 | |
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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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Asian giant Japan has set up a committee to look into the potential of the new Facebook’ s cryptocurrency project, called Libra, especially in the area of banking, finances and its ability to cripple a struggling economy if not properly tackled.
2019-7-15 20:55 | |
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Äæåðîì Ïàóýëë, ïðåäñåäàòåëü ïðàâëåíèÿ ÔÐÑ ÑØÀ, æåñòêî «ïðîøåëñÿ» ïî òåìå êðèïòîâàëþò. The Chairman of United States central bank when asked about Bitcoin: "They use it as a store of value…like Gold….
2019-7-13 13:25 | |
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China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.
2019-7-11 16:22 | |
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A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U. K. , and the U. S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.
2019-7-11 08:30 | |
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After grilling Federal Reserve Chairman Jerome Powell on Capitol Hill about his agency’s response to Facebook's Libra "cryptocurrency," US Representative Maxine Waters finished her questioning by asking the central banker what he would do if Donald Trump “fired” him.
2019-7-10 18:35 | |
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Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token.
2019-7-9 17:00 | |
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Facebook’s motto has been to move fast and break things. That battle cry is about to be tested as regulators across the world are being urged to act even faster and prevent the tech firm from developing its Libra cryptocurrency in a ‘regulatory void’.
2019-7-9 11:17 | |
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The announcement of Libra marked the beginning of the strategic pulse involving players from the world of crypto and fintech while attracting the attention and alarms of important actors in global geopolitics such as the U.
2019-7-9 09:29 | |
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China’s central bank is creating its own cryptocurrency in response to Facebook’s Libra, said Wang Xin, director of the People’s Bank of China’s (PBOC) research bureau. Reasoning behind China’s hostility towards cryptocurrency China’s stance towards Bitcoin, and cryptocurrency in general, has been hostile—and understandably so.
2019-7-9 03:12 | |
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The Chinese central bank is developing its own digital currency in response to Facebook’s forthcoming Libra stablecoin
2019-7-9 22:16 | |
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European Central Bank Executive Board member Benoit Coeure has said that financial regulators across the world must move fast in preparation for the planned Libra’s entry into the financial system, Bloomberg reports.
2019-7-8 17:32 | |
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Coinspeaker Facebook’s Libra is ‘Just Too Dangerous’, Says ECB PolicymakerJust recently the European Central Bank (ECB) has yet again commented on the Facebook Libra project and now they are saying that “it's too dangerous” and regulators need to improve the way they work.
2019-7-9 17:08 | |
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China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.
2019-7-9 17:00 | |
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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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Benoit Coeure of the European Central Bank has said projects like Facebook's Libra require faster action from regulators.
2019-7-8 11:10 | |
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Financial regulators must act fast to prepare for Facebook’s Libra stablecoin, according to European Central Bank executive board member Benoit Coeure
2019-7-8 21:09 | |
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In light of Facebook’s upcoming Libra coin, European Central Bank (ECB) Executive Board Member Benoit Coeure is reportedly urging financial regulators to create a viable framework for crypto projects.
2019-7-8 18:10 | |
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The deputy governor of Japan’s central bank predicts a large user base for Libra and warns Facebook to comply with money laundering and risk management regulations. Libra’s ‘enormous’ user base According to Bank of Japan Deputy Governor Masayoshi Amamiya, Libra could have a high user base in the future.
2019-7-6 22:10 | |
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Libra, at the moment, is the “hot potato” of the cryptocurrency world. Anyone and everyone is leaping onto the Facebook cryptocurrency bandwagon and voicing their ‘expert’ opinion, with views ranging from “it’s going to destroy commercial and central banks,” to “regulators will ensure it crash-lands before it takes off.
2019-7-5 12:30 | |
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The central focus of all squabbles surrounding the stablecoin project Libra was the subject of decentralization. Titled “Libra, 2 weeks in“, David Marcus, the head of Calibra clarified a few issues that have been brought up.
2019-7-4 13:00 | |
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The central focus of all squabbles surrounding the stablecoin project Libra was the subject of decentralization. Titled “Libra, 2 weeks in“, David Marcus, the head of Calibra clarified a few issues that have been brought up.
2019-7-4 13:00 | |
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Japan's central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook's Libra cryptocurrency.
2019-7-3 12:00 | |
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The Hayes-Roubini debate cannot get here soon enough. From Libra to the Bitcoin institutional-versus-retail rise, and to the future of the cryptocurrency market, several topics are presently at the fore, topics which would see the two starkly contrasting personalities pick opposite ends of the stick.
2019-7-2 17:00 | |
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Libra, the groundbreaking cryptocurrency project unearthed by Facebook earlier this month has been called several things within the crypto-community. From a ‘crypto-look-a-like,’ to a ‘stablecoin impersonator,’ to ‘big-tech controlled crypto,’ and even the trivial names like ‘Zuck Buck,’ and ‘you’ve got Gemini, well, I’ve got Libra.
2019-6-29 08:30 | |
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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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Reports circulated yesterday that the Swiss SIX Stock Exchange was encouraging the local central bank to launch a stablecoin that could be used within their country. Between that encouragement and the recent changes to the Libra whitepaper, it is clear that the market desires another stablecoin, and the Dukascopy Swiss bank is listening. According to […]
2019-6-28 00:24 | |
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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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Singapore’s central bank held discussions with Facebook about its upcoming libra cryptocurrency
2019-6-28 13:08 | |
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Facebook’s Libra must comply with anti-money laundering regulation and needs banking licenses, according to the Bank of France Governor
2019-7-3 16:12 | |
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A Swiss central banker has suggested that Facebook's cryptocurrency project, Libra, is not ruffling any feathers with the regulator, Reuters reports.
2019-6-25 15:00 | |
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Just when it seems the entire world is against Facebook’s Project Libra, Mark Zuckerberg and his team have gotten a new friend in Stephen Moore, an American writer, television commentator, and confidant of U.
2019-6-25 13:00 | |
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A columnist for The Wall Street Journal (WSJ) recently spoke about the upcoming Facebook cryptocurrency, Libra. According to the article, the columnist opines that the proposed stablecoin isn’t as promising as projected and added that Libra gives Facebook the “license to print money.
2019-6-24 20:54 | |
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In a report published by the Bank for International Settlements, the "bank for central banks" asked that regulators keep banks in mind when they update and create new financial rules as Facebook and other tech companies enter the payments and custody business.
2019-6-24 19:01 | |
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The Bank for International Settlements (BIS), an institution owned by the world's central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-25 16:18 | |
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The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-24 16:18 | |
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The Czech National Bank, the central bank of the Czech Republic, has established a $1 million digital asset portfolio pilot, with plans to hold Bitcoin, a stablecoin and tokenized asset.
Despite growing buzz around crypto, only 3% of central banks plan to hold Bitcoin reserves over the next decade, according to OMFIF’s latest survey. Bitcoin (BTC) may be gaining traction globally, but only a sliver of central banks are planning…
Cecilia Skingsley will leave her role as head of the BIS Innovation Hub next month, cutting short her five-year term by two years amid a broader leadership reshuffle at the central bank body. The Bank for International Settlements digital currency…
The Central Bank of Brazil has initiated the second phase of its central bank digital currency project, DREX, aiming to demonstrate trade finance as a new use case. In a press release on Nov. 19, Brazil’s central bank announced it…
According to the results of the 2023 BIS survey on central bank digital currencies and crypto, only 12% of central banks are planning to issue retail CBDCs in the mid-term. A recent survey by the Bank for International Settlements (BIS)…
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