Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report

2019-6-21 13:26

By CCN Markets: Facebook’s cryptocurrency Libra is expected to change the way payments are made across the globe when it launches next year, but there’s one market that the social media giant might be giving a miss – India.

The Economic Times, India’s biggest business daily, reports that Libra will not be available in India, citing people with direct knowledge of the matter: “The social network’s digital wallet, Calibra, won’t be available in markets where “cryptocurrencies are banned or Facebook is restricted from operating in,” the person said. “Facebook has not filed any application with RBI (Reserve Bank of India) for

The post Facebook’s Crypto Libra May Kill Launch in India, Its Biggest Market: Report appeared first on CCN Markets

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Facebook’s Secret Cryptocurrency Led by PayPal Alumni Just ‘Months Away’ from India Launch

By CCN: Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and family as well as integrating with major e-commerce players.

2019-5-9 12:49


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India’s top bank calls for complete crypto ban

With authorities in India still unsure on how to deal with the crypto industry, the apex bank of the Asian country has reportedly made it clear that it would prefer the country to tow the China path by completely banning crypto.