Search for: libra regulators

zuckerberg, facebook

‘However Long It Takes’: Zuckerberg Vows to Win Over Libra Regulators

| Nikhilesh De

Facebook's CEO said it will spend "however long it takes" to get regulators on board before launching Libra.

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’s Libra Is a ‘Wake-Up Call’ for Regulators, Says ECB Policymaker

| Daniel Palmer

Benoit Coeure of the European Central Bank has said projects like Facebook's Libra require faster action from regulators.

UK Regulators Want a Long Look at Libra, Admonish Facebook’s Mantra to ‘Move Fast, Break Things’

| Daniel Kuhn

The startup mantra just won't cut it with U.K. regulators.

Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely

| Nikhilesh De and Marc Hochstein

Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory…

US Treasury to Monitor Libra Over Possible Financial Risks

| Daniel Palmer

The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress.

What to Expect When Facebook’s Zuckerberg Defends Libra on Capitol Hill

| Nikhilesh De

Here's what you need to know before Mark Zuckerberg testifies in front of the House Financial Services Committee on Libra.

Zuckerberg to Tell Congress: Libra Can Fix ‘Failing’ Financial System

| Nikhilesh De

Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives.

Facebook Risks Banking Ties Over Libra Concerns, Says ING Exec

| Daniel Kuhn

ING CEO Ralph Hamers said Libra could make it difficult for banks to accept or keep the project's creator as a client.

Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins

| Daniel Palmer

Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.