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10 Oct 2019, 5:40 am
In relation to the development of Facebook’s cryptocurrency, Libra, the FPC acknowledges that it has the potential to become a systematically important payment system and, therefore, will need to meet the highest standards of resilience and be subject to appropriate supervisory oversight, consistent with the principles. [read post]
8 Oct 2019, 9:21 am
On Libra specifically, Dombrovskis confirmed that the Commission has sent a list of questions to Facebook, but that it has received no response to date. [read post]
1 Oct 2019, 8:06 am
The firm pointed out that the methodology and ratings have not been endorsed by the SEC or any other governmental authority and are not intended to supplant the responsibility of industry participants to make their own determinations before transacting in digital assets for any intended purpose.O’Melveny noted that the Council arrives at an important juncture in the evolution of the crypto market, with Congress closely examining Facebook’s Libra cryptocurrency and with the owner… [read post]
29 Sep 2019, 7:20 am
We’re all waiting to see how one of the Big 3’s most ambitious initiatives to date—Facebook’s Libra, a cryptocurrency challenging the official monetary system—will play out. [read post]
27 Sep 2019, 4:49 pm
’ France and Germany are said to be sceptical of Libra, and there are anti-trust concerns in the EU. [read post]
24 Sep 2019, 3:39 pm
Committee Chairwoman Maxine Waters (D-CA), like many other members of the committee, posed questions to the SEC commissioners about the nascent Libra cryptocurrency, in particular the potential systemic risks it could pose to the financial system. [read post]
24 Sep 2019, 6:10 am
By Mark S. [read post]
22 Sep 2019, 10:30 pm
Regardless of geography and even politics, regulators are united on at least one topic: Facebook's Libra cryptocurrency needs to provide more details. [read post]
19 Sep 2019, 7:00 am
Where other cryptocurrencies have decentralized blockchain ledgers and are not issued by a central authority, the Libra Association will issue Libra and validate Libra-coin transactions. [read post]
16 Sep 2019, 3:30 am
Elizabeth Pollman Why can’t Facebook persuade senators to help the company get its new Libra cryptocurrency off the ground? [read post]
11 Sep 2019, 11:02 am
The People’s Bank of China (PBOC) has released more information about China’s proposed new digital currency, which the SCMP casts as a rival to Facebrook’s Libra. [read post]
9 Sep 2019, 6:26 am
EU looking to see if Facebook’s Libra currency poses competition risks. [read post]
6 Sep 2019, 7:38 am
While Libra will be linked to a basket of conventional currencies including the dollar and the euro, China's digital currency will be pegged to the yuan. [read post]
5 Sep 2019, 1:06 pm
The increased use of cryptocurrency looks inevitable, with Facebook’s cryptocurrency, Libra, poised to launch in 2020, and some economists proposing that a cryptocurrency backed by central banks throughout the world will emilone day replace the U.S. dollar as the world’s global reserve currency. [read post]
3 Sep 2019, 4:29 pm
Increasing concerns over Facebook launching its cryptocurrency Libra have culminated with the ICO joining international signatories in raising data protection concerns. [read post]
30 Aug 2019, 5:53 am
It is also carrying out a preliminary assessment in cooperation with ESMA and EBA, of the legal nature of Libra and the authorisations it may have to seek under EU law. [read post]
28 Aug 2019, 5:24 am
The Executive Commission of the EU is studying Libra to see if it could breach anti-competition laws. [read post]
26 Aug 2019, 6:31 am
EU antitrust regulators raise concerns about Facebook’s Libra currency: sources. [read post]
22 Aug 2019, 8:16 am
On 18 June 2019, Facebook announced plans to launch a new blockchain enabled cryptocurrency called Libra. [read post]
20 Aug 2019, 8:35 am
On 18 June 2019, Facebook announced plans to launch a new blockchain enabled cryptocurrency called Libra. [read post]
