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Facebook’s ambitious financial inclusion project, Libra, continues marching forward in spite of mountainous regulatory obstacles, but key members of the Libra Association are having doubts and dropping out. Paypal has now reportedly left the group due to regulatory concerns. Libra representative Dante Disparte has indirectly criticized the move, noting the required “boldness and fortitude to … Read more
The U.S. government reacted to Facebook’s Libra “like they almost want to be left behind,” says Coinbase CEO Brian Armstrong Go to Source Powered by WPeMatico
Stablecoins could pose “regulatory challenges,” says Randall Quarles, chair of the Financial Stability Board Go to Source Powered by WPeMatico
The U.S. House Financial Services Committee invites Facebook COO Sheryl Sandberg to testify on the condition that CEO Mark Zuckerberg follows suit by January Go to Source Powered by WPeMatico
PayPal no show at Facebook’s Libra meeting sparks cold feet rumors Go to Source Powered by WPeMatico
Facebook’s Libra devs unveil their latest step to formal launch Go to Source Powered by WPeMatico
The opinions on Facebook’s upcoming digital currency projects remain rather divided. Consumers are not necessarily smitten by this venture, nor are most governments. In Switzerland, however, things are done a bit differently. FINMA’s Mark Branson sees merit in this project and praises how everything is handled in a transparent manner. Mark Branson Likes the Libra … Read more
$10M Libra node operators unsure about signing up: sources Go to Source Powered by WPeMatico
Switzerland’s regulator is more wary of crypto projects that develop outside of official scrutiny than he is of Libra Go to Source Powered by WPeMatico
EU antitrust regulator discusses possible impact from Libra’s launch Go to Source Powered by WPeMatico
