Search for: libra regulators

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.

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.

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Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7

| Daniel Palmer

The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation.

Web Search Data Indicates Soaring Interest for Facebook Libra in China

| Daniel Palmer

China has emerged as a perhaps surprising leader when it comes to public interest in Facebook's Libra cryptocurrency project.

Lawmakers Amp Up Pressure on Facebook to Halt Libra Cryptocurrency Development

| Marc Hochstein

U.S. lawmakers repeatedly pressed Facebook's top blockchain exec to halt development of the Libra cryptocurrency in Tuesday's hearing.

Ex-CFTC Advisor: Facebook’s Libra Could Be Both Security and Commodity

| Wolfie Zhao

Security? Payment token? Utility token? Defining Facebook's Libra won't be easy, and it's not Facebook's call, says Jeff Bandman.

Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

| Marc Hochstein

For a panel about a proposed cryptocurrency, Tuesday's Senate Facebook hearing was light on actual crypto talk.

US Treasury Secretary Mnuchin Is ‘Not Comfortable’ With Facebook’s Libra

| Nikhilesh De

In a press conference Monday, Mnuchin voiced the Trump administration's concerns with Facebook's Libra and cryptocurrencies like bitcoin.

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

| Daniel Palmer

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.