US Treasury Secretary Says Firms Left Libra Due to Compliance Issues
Steven Mnuchin has said that Facebook’s forthcoming Libra stablecoin is not ready to comply with existing money-laundering standards Go to Source Powered by WPeMatico
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Coinbase CEO: Senate’s Pressure on Libra Association Is ‘Un-American’
Coinbase CEO criticized U.S. senators for pressuring Stripe, Mastercard and Visa to leave Libra Go to Source Powered by WPeMatico
Visa, Mastercard, Ebay, Stripe Join Paypal in Leaving Libra
Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies. David Marcus, who is in charge of the project, calls it “liberating.” Also read: European Countries … Read more
Visa, EBay, Stripe and Mastercard Abandon Facebook’s Libra Project
Visa, EBay, Stripe and Mastercard are dropping out of Facebook’s cryptocurrency project Libra Go to Source Powered by WPeMatico
Founder of Alternative to Facebook’s Libra Exaggerates ‘Partnerships’
The creator of OpenLibra reportedly exaggerated member involvement in the project during press hype Go to Source Powered by WPeMatico
Facebook Sued for Trademark Infringement Over Libra Logo Design
Facebook in court over trademark infringement for Libra logo Go to Source Powered by WPeMatico
U.S. Warns Visa, Mastercard to ‘Proceed With Caution’ Regarding Libra
In the wake of Paypal’s very public exit from the Libra project, U.S. lawmakers are now pressuring Stripe, Visa and Mastercard to rethink their membership of the Libra Association as well. On October 8, three letters from two U.S. senators urged the tech and finance giants to “carefully consider” risks before moving forward. Also Read: … Read more
Zuckerberg to Testify Before Congress Regarding Libra Stablecoin
Rep. Maxine Waters stated that Mark Zuckerberg will testify before the Financial Services Committee later this month regarding the Libra payments network Go to Source Powered by WPeMatico
UK’s Central Bank Establishes Provisions for Facebook’s Libra
The Bank of England has established provisions for Facebook’s Libra should it be issued in the country Go to Source Powered by WPeMatico
OpenLibra Plans to Launch Permissionless Fork of Facebook’s Stablecoin
OpenLibra, a permissionless fork of Facebook’s stablecoin Libra, is announced at the Ethereum developer conference Devcon 5 Go to Source Powered by WPeMatico
