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3 Dec 2020, 8:40 am
Facebook-Backed Digital Coin Libra Renamed Diem in Quest for ApprovalReuters – December 1, 2020 Facebook-backed cryptocurrency Libra has been rebranded “Diem” in a renewed effort to gain regulatory approval by stressing the project’s independence. [read post]
30 Nov 2020, 1:36 pm
Saumya Bhavsar is the Libra Network's first general counsel. [read post]
27 Nov 2020, 10:02 am
The 27-strong Libra Association said in April that it had planned to launch digital versions of several currencies, plus a “digital composite” of all of its coins. [read post]
16 Oct 2020, 9:00 am
Facebook’s Libra Must Not Start Until Properly Regulated: G7 DraftReuters – October 12, 2020 Financial leaders of the world’s seven biggest economies will say on Tuesday that they oppose the launch of Facebook’s Libra stablecoin until it is properly regulated, a draft G7 statement showed. [read post]
15 Oct 2020, 9:00 am
Facebook’s Libra Must Not Start Until Properly Regulated: G7 DraftReuters – October 12, 2020 Financial leaders of the world’s seven biggest economies will say on Tuesday that they oppose the launch of Facebook’s Libra stablecoin until it is properly regulated, a draft G7 statement showed. [read post]
15 Oct 2020, 12:05 am
Allison Christians (McGill) & Mahwish Tazeem (McGill), Facebook’s Libra: The Next Tax Challenge for the Digital Economy, 3 Stan. [read post]
13 Oct 2020, 9:05 pm
Netherland’s central bank is studying Bitcoin and Libra and researching technical design considerations for a digital currency that might eventually be issued by the European Central Bank. [read post]
8 Oct 2020, 8:56 am
Legal and Regulatory Developments SPOTLIGHT: House Panel Says Big Tech Wields Monopoly PowerWall Street Journal – October 6, 2020 America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. [read post]
14 Sep 2020, 9:05 pm
The Libra may become too powerful and economically unpredictable if issued. [read post]
28 Aug 2020, 9:09 am
“En su lugar, deberán instalar sistemas digitales o análogos de control o protección contra incendios que cumplan con los estándares de seguridad aplicables, además de detectores de humo, extintores de 50 libras y alarmas contra incendios”, agregó en declaraciones escritas. [read post]
27 Aug 2020, 2:24 pm
The cryptocurrency membership network has named former Department of Homeland Security general counsel Steve Bunnell as its latest chief legal officer. [read post]
27 Aug 2020, 8:07 am
Legal and Regulatory Developments SPOTLIGHT: TD Bank to Pay $122 Million to Settle Overdraft Claims Brought by Consumer Financial Protection BureauUSA Today – August 21, 2020 TD Bank has agreed to pay $122 million in a settlement with Consumer Financial Protection Bureau over charges that it issued illegal overdraft fees. [read post]
21 Aug 2020, 12:00 am
Libra: A Concentrate of 'Blockchain Antitrust' Thibault Schrepel Harvard University (Berkman Center); Utrecht University School of Law; University Paris 1 Panthéon-Sorbonne; Sciences Po Abstract Mark Zuckerberg introduced Libra to the world in June 2019 with the goal of “enabl[ing] a... [read post]
13 Aug 2020, 6:59 am
Legal and Regulatory Developments SPOTLIGHT: With a Compliance Deadline Looming, Technology Emerges to Ease Gas Pump EMVDigital Transactions News – August 7, 2020 Sound Payments Inc., a multichannel technology provider that offers point-of-sale solutions for the petroleum industry, expects its partnership with National Retail Solutions, a subsidiary of IDT Corp., to accelerate adoption of EMV at in-pump card readers among independent gas stations and convenience stores. [read post]
16 Jul 2020, 9:23 am
The letter detailed that PayPal initiated its development in the crypto area since last year when it joined the Libra Association as a member. [read post]
9 Jul 2020, 7:24 am
Will Libra’s Compliance Efforts Be Enough to Sway Critics? [read post]
2 Jul 2020, 8:40 am
Although David Marcus insisted that Libra users will not have to put their trust in Facebook and that Libra was a decentralized currency, regulators weren’t buying it and expressed concern over the long-term threat to the traditional financial system. . . . [read post]
29 Jun 2020, 5:02 pm
Last week, my Modern Money Network colleague Raúl Carrillo put out a detailed and rich report, a joint project of Americans for Financial Reform Education Fund and Demand Progress Education Fund, arguing Facebook’s proposed “currency” Libra should not go into effect as proposed. [read post]
25 Jun 2020, 8:00 am
Fed Economists Call Fears of Original Libra Stablecoin ‘Overstated’CoinDesk – June 22, 2020 (click here for the Federal Reserve Board’s report) Economists at the Federal Reserve said an earlier version of Libra, the Facebook-linked stablecoin frequently targeted by lawmakers and central bankers as an economic wrecking ball, was unlikely to have lived up to its sovereign currency-killer hype. [read post]
10 Jun 2020, 9:00 am
” Facebook’s Libra, Bitcoin, and fintech providers like Square, PayPal, Venmo and thousands of other new products or startup companies are launched with the stated aim of increasing financial inclusion. [read post]
