Search for: libra regulation

Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

| Daniel Palmer

The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens financial stability.

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.

Binance’s CZ: Like It or Not, Facebook’s Libra Coin Is Poised for Mass Adoption

| Ian Allison

Binance CEO Changpeng Zhao shares his thoughts on Facebook’s Libra and says Brexit is bullish for crypto in a wide-ranging interview.

zuckerberg, facebook

Global Regulators Warn on Privacy Risks of Facebook’s Libra

| Daniel Palmer

Data protection chiefs from across the globe have united to express concerns over the privacy risks posed by Facebook's cryptocurrency project.

Facebook Libra Might Never Launch, Company Concedes in SEC Disclosure

| Daniel Palmer

Facebook has acknowledged what many have been saying – that regulatory issues may be an insurmountable barrier to its Libra project.

Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO

| Daniel Palmer

While Facebook's Libra project was said to have 28 founding partners when unveiled, that isn't quite the case, says Visa CEO Alfred F. Kelly.

Washington, one dollar bill

Senate Banking Committee to Hold Hearing on Crypto Regulation

| Nikhilesh De

The Senate Banking Committee has scheduled a hearing on cryptocurrency and blockchain regulatory frameworks for July 30.

UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud

| Daniel Palmer

A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users.

Libra’s Biggest Problem

| Michael J Casey

Facebook's Libra is trying to simultaneously be pro-privacy and pro-KYC; this forms an inherent contradiction.