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France Says It Will Block Facebook Libra in Europe

| Daniel Palmer

The French finance minister has said the nation plans to block Facebook's Libra cryptocurrency in the EU over its threat to national currencies.

Facebook Libra Brings ‘Risks and Opportunities’: Swiss Watchdog Chief

| Daniel Palmer

FINMA's director has spoken out about the risks of working with a major project like Facebook's Libra, and said there are also potential benefits.

Facebook Libra Is Seeking to Register as a Payment System in Switzerland

| Daniel Palmer

The non-profit set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.

Facebook Libra, Other Cryptos Must Comply With US Rules: Treasury Official

| Daniel Palmer

Facebook's Libra and other cryptocurrencies operating in the U.S. must meet regulatory requirements to tackle financial crimes, the official said.

yuan, china

New Head of China’s Digital Currency Says It Beats Facebook Libra on Tech Features

| Daniel Palmer

The PBoC's new digital currency chief has said its upcoming digital yuan has features not offered by Facebook Libra.

ECB’s Mersch Warns Over ‘Treacherous Promises’ of Facebook Libra

| Daniel Palmer

Yves Mersch has warned of the threat posed by Facebook's Libra to monetary policy and consumers in the EU.

Tensions Rising at Facebook Libra as Backers Consider Quitting: Report

| Daniel Palmer

Several backers of Facebook's Libra cryptocurrency project are said to be considering backing out due to growing "pushback" from regulators.

Facebook Libra Already Facing an EU Antitrust Probe: Report

| Daniel Palmer

Facebook is reportedly already under investigation by the EU over antitrust issues related to its Libra cryptocurrency project.

US Lawmakers to Discuss Facebook Libra on Swiss Visit: Report

| Daniel Palmer

Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week.

Walmart Wants to Patent a Stablecoin That Looks a Lot Like Facebook Libra

| Daniel Palmer

Retail giant Walmart has applied for a cryptocurrency patent that bears some similarities to the Libra token proposed by Facebook in mid-June.