Browsing the "Facebook" Tag

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.

Facebook’s Libra Just Got Its First Major Supporter in Congress

| Nikhilesh De

Bucking a trend, Sen. Mike Rounds (R-S.D.) wrote a letter praising Libra as a technological advance that he feels is needed.

What Facebook CEO Mark Zuckerberg Said in His Defense of ‘Free Expression’

| Brady Dale and Nikhilesh De

No mention of Libra.

France’s Le Maire Attacks Facebook’s ‘Political’ Ambitions With Libra

| William Foxley

The French finance minister has said Libra is an "unacceptable" challenge to state sovereignty and suggested political motives behind the project.

Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound

| Danny Nelson

Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.

Libra Plays Down Troubles, Anticipates 100 Members by Launch

| William Foxley

The Libra Association has said the project is undeterred by recent setbacks and expects to sign up 100 partners before it goes live.

Libra Is ‘Catalytic Event’ for Central Banks, Says Head of Sweden’s Riksbank

| William Foxley

Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money.

Facebook-Led Libra Forms Governing Council After Big-Name Departures

| Nikhilesh De

At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council.

Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project

| Nikhilesh De and Brady Dale

Visa, Mastercard, eBay, Stripe, Mercado Pago and PayPal have all withdrawn from the Libra Association now.

Facebook CEO Mark Zuckerberg to Testify Before Congress Over Libra Crypto

| Nikhilesh De

Facebook CEO Mark Zuckerberg will defend Libra before U.S. lawmakers later this month.