Libra
Libra Forms Governing Board Despite Shrinking Membership
The Libra Association has reaffirmed its commitment in creating a payments-oriented stablecoin, holding its inaugural meeting yesterday in Geneva, Switzerland.
G7 Reports Stablecoins Like Libra Threaten Financial Security
According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system.
What Global Regulators Think of Libra: The Asia Pacific Edition
Libra, the new cryptocurrency by social media giant Facebook, has generated controversy with lawmakers and regulators globally since its announcement in June of this year. Concerns were mostly revolved around the stablecoin potentially disrupting the global financial system. The scrutiny towards Facebook aims at the fear that the new digital currency could possibly take power away from the governments.
Libra Association - Visa and MasterCard Have Second Thoughts
Libra internal struggles. Visa and MasterCard consider leaving.
Facebook’s Libra Developers Release Initial Roadmap
The developers behind Facebook’s cryptocurrency project Libra have released their initial roadmap outlining the milestones they plan to achieve prior to the mainnet launch of the Libra blockchain.
Facebook’s Libra Creating Shadow Monetary Ecosystem Warns FAC
Facebook’s creation of cryptocurrency Libra will spawn a ‘shadow banking’ system outside of sanctioned financial markets according to US banks.
What Happened: US Committee Hearing with the SEC on Crypto and Libra
The United States House of Representatives Financial Services Committee held a hearing on Sept. 24 with the Securities and Exchange Commission’s (SEC) five commissioners. Vital topics covered in the hearing include the consideration of cryptocurrencies as securities, regulation of Facebook’s Libra and Calibra, and insider trading.
German Policymakers Cannot Accept Facebook’s Libra
The German cabinet is expected to adopt a comprehensive blockchain strategy with the aim of digitally enhancing its economy. The strategy also consists of plans to tackle risky new technologies such as Libra, which German policymakers fear could become an alternative currency.
Central Banks to Cross-Examine Libra’s Founders in Switzerland
The European Central Bank (ECB) officials and 25 global central banks will be meeting with Libra’s founders to assess the project.
Vitalik Buterin: Libra is a Real Wake-up Call for Governments
Libra has been hit with yet another wave of attack that could lead to a possible set back coming as a result of fresh resistance from regulatory bodies across the globe.