With $125,000 committed to a virtual bootcamp in November, Libracamp is incubating development on Facebook's Libra testnet.
Lawmakers in the U.S. are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies.
Facebook reportedly said that current regulatory restrictions mean it has "no plans" to launch its digital wallet service and crypto in India.
In a note published Wednesday, Facebook blockchain lead David Marcus pushed back against calls to stop Libra's development.
If the project is to be truly global, Facebook may need “literally hundreds, perhaps thousands, of licenses from hundreds of different…
Buried in Facebook’s Libra white paper are two sentences hinting the project's ambitions go even further than minting a global currency.
Facebook is seeking a data professional to work on its crypto wallet Calibra, as well as a policy specialist to help with regulatory hurdles.
The buck stops with Zuck in the looming fight between the world's governments and Facebook over Libra.
Appearing on CNBC Thursday, the chair of the U.S. House Financial Services Committee doubled down on her calls for Facebook to halt Libra development.
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney.
