Libra
What is CBDC?
CBDC stands for Central Bank Digital Currency, and represents the digital form of a nation’s fiat money (currency backed by trust or faith in the regulating government).
Facebook-Backed Association Picks Another Former HSBC Executive as Libra Network's CEO
James Emmett, the former HSBC executive, is joining Libra Networks as the new managing director. He will assume his new role on October 1.
Five EU Member States Take Position Against Stablecoins
Five members of the 27-member European Union Bloc has urged the body to pass regulations to stiffen the emergence and existence of stablecoins in the region
Bitcoin and Libra’s Ultimate Underlying Value to be Determined by Central Banks, says Ex-RBI Governor
Former Indian central bank governor said that Bitcoin and Libra could play a role in a world where central banks are issuing their own digital currencies.
G20 Lays Regulatory Foundation to Accept Digital Payments by November Summit
G20 officials have announced that they will begin the preliminary regulatory groundwork for the group to accept digital payments.
UK Financial Regulator Reveals: 1.9 Million British Adults Own Cryptocurrencies
The Financial Conduct Authority (FCA) in the UK reported that 1.9 million adults own cryptocurrencies, representing 3.86% of the general population. The regulator also noted that 75% of them hold crypto worth less than £1,000, approximately $1,230.
Chinese CBDC's Backend Developments are Complete, Revealed During 2020 FinTech Forum
The world’s attention is on China who has recorded a great advancement in the development of its central bank digital currency (CBDC). The Chinese CBDC project, also known as digital currency electronic payment (DCEP) entered its testing phase back in April with a test run billed for four major cities.
Understanding the Profound Impact of Stablecoins on Traditional Finance
Stablecoin is a compromise on absolute money issuance power and the adoption of disruptive blockchain technology. Stablecoin will have a profound impact on the infrastructure of future financial systems.
China Leads Pan-Asian Digital Currency Project to Compete with Facebook's Libra
Led by China, four Asian countries are in the early stages of developing a joint digital currency. The currency will help keep the Dollar and Libra in check
Libra Appoints New Chief Compliance Officer, Third C-Suite Executive Appointed with a Strong Compliance Track Record
The Libra Association appointed Sterling Daines as its new Chief Compliance Officer, who is currently the Managing Director and Global Head of Financial Crime Compliance at Credit Suisse. He is expected to leave his position at Credit Suisse and join the Libra Association later this year. Prior to Credit Suisse, he was the Managing Director and Deputy Head of Financial Crime Compliance at Goldman Sachs and has worked as a consultant to the US Department of Justice and the Financial Crimes Enforcement Network (FinCEN).