Facebook’s Libra loses PayPal; Chinese whispers or regulatory chokehold?

2019-10-8 16:30

Did PayPal hear the Chinese Whisper, and go amiss? Libra was a unique sell. Primed as a “digital currency,” backed by a slew of government assets, operated on its own network, held on its own wallet, backed by companies that impact the world on a daily basis, with the ribbon of “banking the unbanked,” right […] The post Facebook’s Libra loses PayPal; Chinese whispers or regulatory chokehold? appeared first on AMBCrypto.

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libra chinese paypal backed whispers loses regulatory

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Источник: ambcrypto.com

libra chinese → Результатов: 25

Facebook reveals currencies supporting Libra

The basket of currencies that will support the Libra stablecoin will comprise five national currencies. Chinese yuan is not in the list.

2019-9-25 10:43	News
currencies libra national chinese yuan five list

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US Dollar Dominates Facebook’s Libra’s Basket of Currencies, But No Chinese Yuan

In its letter to German politician Fabio de Masi, Facebook revealed the percentage breakdown of the global currencies that would back its cryptocurrency project Libra, reported German newspaper, Der Spiegel.

2019-9-23 18:46	Facebook
libra currencies german facebook dollar basket explanation

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Facebook’s Libra discloses full details of its basket of reserves; Chinese Yuan left out, claims report

Facebook’s Libra, which is gunning to launch in 2020 despite major pressure from regulators world over, has lifted the lid on its crypto-project and revealed the fiat currencies that would constitute Libra’s ‘basket of reserves.

2019-9-21 12:00	Yuan
libra facebook basket reserves major fiat yuan

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Facebook’s Libra to Be Tied to Major Fiat Currencies, Except Chinese Yuan

Coinspeaker Facebook’s Libra to Be Tied to Major Fiat Currencies, Except Chinese YuanAmong the list of fiat currencies released by Facebook, the company has so far exempted the Chinese Yuan as a fiat backing its Libra token.

2019-9-11 16:25	PBoC
fiat currencies facebook chinese libra yuan except

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Facebook Libra's USD-EUR-GBP-JPY-SGD Crypto Basket May Reject China's Yuan

The basket of fiat currencies in the line up to back Facebook's Libra "cryptocurrency" may not include the Chinese Yuan. According to Bloomberg, the likely backers include the US Dollar, the Euro, the British pound, The Japanese Yen, and the Singapore dollar.

2019-9-10 14:02	Yuan
facebook yuan may basket libra dollar 039

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Facebook Adds Singapore Dollar to Libra Crypto Basket: Report

Facebook reportedly included the Singapore dollar but not the Chinese yuan in an updated list of currencies meant to back the Libra stablecoin.

2019-9-11 12:00
facebook libra singapore dollar updated list meant

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Libra Announces Currency Basket, Stays Away from Yuan

The Libra asset will be backed by a basket of relatively stable fiat currencies, but Facebook is wary of including the Chinese yuan.

2019-9-10 11:04	News
libra yuan basket fiat stable chinese currencies

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Proposed Chinese Digital Currency Set To Follow Comparable Traits To Facebook’s Libra

The newly appointed Chinese head of digital currency claims that the digital yuan will have some comparable traits to Facebook’s Libra currency and the public will be able to use it within various Chinese payment platforms namely WeChat as well as Alipay CoinDesk reports.

2019-9-6 20:12	Facebook
chinese digital currency libra facebook comparable traits

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China’s new state-backed digital currency might bear design similarities to Facebook’s Libra

China’s state-backed digital currency is almost ready for launch, but apart from the fact that it would act as a stablecoin pegged against the country’s national currency, there is not much information on the project.

2019-9-6 10:41
currency digital china bear state-backed facebook national

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China May Release Libra Competitor Before Facebook Launches It, Report

Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game. Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency.

2019-8-23 18:00	Libra
china libra may facebook release competitor currency

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Bitcoin evangelist claims Facebook’s Libra is unlikely to withstand global trade and currency wars

In an interview with Cryptonites, prominent Bitcoin advocate Andreas Antonopoulos spoke about his stance on Bitcoin being a safe haven asset during a financial crisis. With the value of fiat currencies like the British pound and Chinese yuan falling, many speculate that the world is in for yet another financial crunch.

2019-8-13 21:30	Libra
bitcoin currency financial wars unlikely trade libra

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China Can Crush Facebook’s Libra With Its Digital Currency: Huawei CEO

The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the expense of China and its tech firms, Sina reports.

2019-7-26 14:10	Libra
china huawei ceo currency digital facebook libra

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Huawei’s Founder Joins PBOC in Supporting ‘Chinese Libra’ Creation

Coinspeaker Huawei’s Founder Joins PBOC in Supporting ‘Chinese Libra’ CreationThe way Libra is designed makes it hard for governments to see who’s paying whom, or to limit cross-border payments.

2019-7-26 11:03	PBoC
libra pboc founder huawei joins supporting chinese

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Bitcoin Declared Legal Commodity In Chinese Court

Markets are up today with good regulatory vibes following positive reactions from a number of American Senators who successfully distinguished Bitcoin from the much-maligned Libra. Traders witnessed Bitcoin jumping 10% in about an hour, a leap similar to that seen at the beginning of the bull rally back in April of this year.

2019-7-20 02:54	China
bitcoin legal crypto declared commodity court chinese

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Bitcoin Declared Legal Commodity in Chinese Court

2019-7-19 02:54	China
bitcoin legal crypto declared commodity court chinese

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Libra’s presence on Weibo grows; China senses competition for Alipay and WeChat

Libra, Facebook’s much-talked about cryptocurrency, has not only gotten the United States riled up, but has also breached its shores to disrupt the Chinese market. A recent analysis of Weibo, China’s alternative to Twitter, has revealed that Libra was the second most searched entity on the social media platform.

2019-7-19 19:30
libra china weibo alipay wechat senses grows

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China is Attentive to Libra as the Crypto Asset Could Rival Alipay and WeChat Pay

Although Facebook’s Libra cryptocurrency is yet-to-be-released, it has garnered the interest of countries and the world at large. cnLedger, a Chinese twitter-based cryptocurrency news source also hinted in a tweet on July 18, 2019, that China is paying apt attention to Libra.

2019-7-18 16:04	WeChat
libra alipay asset china pay cryptocurrency wechat

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‘Libra vs Alipay, WeChat’ Trending High on Chinese Search Engine

Since Facebook announced its new cryptocurrency “Libra,” it has faced resistance from global regulators and financial sectors. The People’s Bank of China, which in 2017 banned the use and trading of cryptocurrencies, has also expressed skepticism, believing that the US-controlled digital currency would circumvent its financial sovereignty.

2019-7-18 15:00	Libra
libra financial china high chinese trending wechat

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China’s Central Bank Developing Own Digital Currency in Response to Libra

The Chinese central bank is developing its own digital currency in response to Facebook’s forthcoming Libra stablecoin

2019-7-9 22:16	Libra
currency libra digital response own central bank

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Facebook’s Trek into Crypto Will Not Be Joined by China-Based Payment Firms

Multiple Chinese internet company have discussed avoiding cryptocurrency, amid announcement of Facebook’s Libra initiative. Blockchain technology is still a subject of interest for the Chinese economy.

2019-6-20 04:24	Facebook
facebook libra chinese internet cryptocurrency media social

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Why Are China’s Tech Tycoons Excited About Facebook’s Crypto & Blockchain?

Libra Elicits Support from Crypto Diehards to Chinese Businessmen Facebook’s Libra, a to-be-launched crypto asset to be backed by a blockchain, has drawn support from all across the globe. Everyone from mainstream media and Bitcoin.

2019-6-20 03:00	Market
crypto blockchain facebook support tycoons libra tech

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Chinese Bitcoin Investors And Entrepreneurs Consider Regulations as Highly Important for Market Involvement

Everyone is talking about Facebook’s new crypto project Libra and the influence that it can have on the market. Pony Ma (Ma Huateng), the CEO of the multinational investment holding conglomerate Tencent, said that regulations are important for companies to release their own digital assets such as Facebook did. Changpeng Zhao, the CEO of Binance […]

2019-6-20 00:17	Trading & Investing
market ceo facebook important regulations said tencent

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Chinese Tech Moguls Cite Regulation as Chief Crypto Concern

By CCN Markets: The China Ledger quoted Pony Ma (Ma Huateng) as saying that blockchain technology is mature, but regulation needs to allow for it. Binance CEO Changepeng Zhao took the opportunity to expand on the idea including the government’s role in crypto.

2019-6-19 20:35	China
crypto tech should regulation giants blockchain binance

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Libra Association Taps Saumya Bhavsar as General Counsel for Payments Subsidiary

Bhavsar joins the Libra Association after 25 years in public- and private-sector banking regulation roles.

Bison Trails launches QT protocol to help developers build on Libra

Libra Association founding member, Bison Trails, has released a QT protocol allowing developers to read and write data to Libra’s pre-mainnet using off-chain systems.

European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law

The European Commission, the executive arm of the E. U. , has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra.

Libra Hasn’t Abandoned Multi-Currency Stablecoin: Policy Director

The Libra Association's head of policy said ongoing dialogues with central bankers had not dented their original ambition.

Libra Is Ready for the Digital Money ‘Space Race’: Dante Disparte

Libra's most vexing challenge may be juggling inclusion and compliance. But policy chief Dante Disparte says the project is not giving up on reaching the unbanked.

US Lawmaker Calls Libra’s Revamp Insufficient

Rep. Sylvia Garcia's comments suggest libra's roots as a Facebook initiative remain a political liability despite the consortium's steps to sate critics.

Prime Broker Tagomi Becomes 22nd Member of Facebook’s Libra Association

Tagomi is joining the Libra Association.

2019-10-8 16:30

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