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Facebook's Libra has instigated fear of central banks losing monetary policy control
Discussions around Facebook's Libra seem to have dialed down a bit lately. However, all the attention that was once given to Libra seems to have extended to Central Bank Digital Currencies (CBDCs) nowThe post Facebook's Libra has instigated fear of central banks losing monetary policy control appeared first on AMBCrypto. дальше »
2020-2-15 21:30 | |
Libra an ‘Important Catalytic Event,’ Says Swedish Central Bank Chief
The head of Sweden’s Riksbank says Facebook’s Libra is shaking central banks globally into action
дальше »2019-10-16 12:58 | |
Marcus Defends Libra Cryptocurrency in Latest Bid to Woo Central Banks
Facebook executive David Marcus defended the Libra cryptocurrency ahead of his meeting with the representatives of global bankers in Basel on Monday. The co-creator said Libra is not going to challenge or undermine the sovereignty enjoyed by nations, adding that the cryptocurrency merely wants to become a “better payment network” and deliver meaningful financial services. дальше »
2019-9-16 18:00 | |
Libra Execs To Face Global Financial Regulators Today To Be Questioned About Facebook’s Crypto Risk
Global financial regulators and central banks are calling in officials from Facebook’s Libra cryptocurrency to explain the potential financial risks the stablecoin poses in the global fintech industry. дальше »
2019-9-16 16:07 | |
Over Twenty Central Banks to Discuss Facebook’s Libra With the Libra Association
Coinspeaker Over Twenty Central Banks to Discuss Facebook’s Libra With the Libra AssociationIn some relief to the Libra Association, officials from 26 central banks will be quizzing Facebook on the scope, scale, and implementation of the Libra project. дальше »
2019-9-16 14:14 | |
European Countries Step Up Response to Facebook’s Libra
The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. дальше »
2019-9-16 13:30 | |
PayPal Cautiously Believes in Libra’s Potential Despite Regulatory Concerns
Paypal, an American centralized payments services company has made it clear that it firmly believes in the potential of the social media giant’s global cryptocurrency project despite the intense scrutiny of governments and central banks on Libra, as well as the regulatory bottlenecks surrounding the cryptoasset, according to a Channelnewsasia report on September 14, 2019. дальше »
2019-9-16 12:20 | |
Gloomy Future For Libra Crypto as Central Banks Pose Tough Questions
Not a week has gone by since Facebook announced its lofty crypto ambitions that it hasn’t been torn apart for one reason or other. Now it is the chance for the central banks of the world to grill the social media giant on its plans to compete with them all. дальше »
2019-9-16 09:30 | |
Central Banks to Meet With Libra Founders in Switzerland on Monday
A forum of central banks will meet with Libra on Monday to assess the purported financial stability risks of the project
дальше »2019-9-16 22:40 | |
ICYMI: Circle CEO Weighs in on China’s Digital Currency Initiative, Facebook’s Libra, and Lunch with Warren Buffett
In a series of interviews over the last week, Circle CEO Jeremy Allaire has weighed in on how China is far ahead of any other country in creating a Central Bank Digital Currency and why that will help lead to the internationalization of the yuan. He has also broken down дальше »
2019-9-14 18:34 | |
Swiss Central Bank Dreads Scary Foreign Stablecoin Crypto
Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra. дальше »
2019-9-7 20:17 | |
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. дальше »
2019-9-6 20:12 | |
China is following Facebook’s playbook to issue a centralized digital currency
China‘s upcoming state-controlled digital currency is to be similar to Facebook‘s proposed coin, which makes total sense, because Libra isn’t really a cryptocurrency. Mu Changchun, deputy director of payments at China‘s central bank, explained the country was issuing its digital currency “to protect our monetary sovereignty and legal currency status,” Reuters reports. дальше »
2019-9-6 15:44 | |
Libra-Like Tokens Pose Risks to Swiss National Bank’s Monetary Policy
The Swiss National Bank (SNB) is afraid that digital currencies like Facebook’s Libra might impede the central bank’s capability to initiate and implement monetary policy. This is the conclusion of Thomas Jordan, chairman of SNB’s governing board. дальше »
2019-9-6 15:00 | |
PBoC Says China’s New Digital Currency Will be Better than Facebook’s Libra
Coinspeaker PBoC Says China’s New Digital Currency Will be Better than Facebook’s LibraChina’s proposed new digital currency would be better than Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank official said. дальше »
2019-9-6 13:58 | |
China’s National Crypto Similar to Libra, Central Bank Official Says
The central bank believes the digital currency will help protect China’s foreign exchange sovereignty
дальше »2019-9-6 11:05 | |
Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO
The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have […] The post Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO appeared first on AMBCrypto. дальше »
2019-9-4 17:30 | |
Facebook’s Libra Slammed by European Central Bank Executive
According to news published on Bloomberg on Septemeber 2, Yves Mersch, an executive board member at the European Central Bank (ECB), stated that Facebook’s proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy. дальше »
2019-9-3 09:00 | |
ECB Board Member is “Extremely” Concerned about Facebook’s Libra’s High Centralization, Shills Fiat Money
Facebook’s proposed cryptocurrency called Libra — scheduled for release in the first half of 2020 — according to European Central Bank’s board member Yves Mersch undermines ECB’s ability to set monetary policy. дальше »
2019-9-3 01:10 | |
ECB Exec Rips 'Cartel-Like' Facebook Libra in Blistering Takedown
A member of the European Central Bank's executive board sounded the alarm on the "treacherous, cartel-like" Facebook Libra cryptocurrency. Yves Mersch issued a damning warning to not be fooled by Facebook's hollow promises of a decentralized ecosystem. дальше »
2019-9-3 23:45 | |
European Central Bank bigwig outlines why Facebook’s Libra isn’t real cryptocurrency
A representative of the European Central Bank (ECB) has slammed Facebook‘s quasi-cryptocurrency Libra, referring to its proposed ecosystem as a “siren call. ” Yves Mersch, Luxemborgian lawyer and ECB executive board member, even told attendees of the European System of Central Banks’ legal conference the Libra ecosystem will be “cartel-like. дальше »
2019-9-2 15:36 | |
Libra’s launch could weaken ECB’s ability to set financial policies, says ECB Board Member
Facebook’s Libra continues to face resistance from institutions across the globe. Yves Mersch, ECB Board Member, was the new entrant to join the list of Libra’s critics. Yves Mersch, who is a former Governor of Luxembourg Central Bank, believed that the proposed virtual asset’s launch could weaken European Bank’s ability to introduce monetary policies and […] The post Libra’s launch could weaken ECB’s ability to set financial policies, says ECB Board Member appeared first on AMBCrypto. дальше »
2019-9-2 15:13 | |
Switzerland Central Bank Discusses Libra Cryptocurrency with Regulators
Switzerland National Bank’s (SNB) Vice Chairman, Fritz Zurbruegg has revealed that the apex bank is currently holding serious talks with relevant authorities across the globe concerning Facebook’s global cryptocurrency project, Libra, according to a Reuters report on August 27, 2019. дальше »
2019-8-28 19:00 | |
Swiss Central Bank In Close Contact With Facebook’s Libra, Affirms Documents Are Very Vague
The Swiss National Bank, known the central bank of the country, has recently contacted the responsible people for Facebook’s Libra project in order to know more about the project. Fritz Zurbruegg, the vice-chairman of the bank, has talked about the contact so far and claimed that the documents that back the project are very vague. […] дальше »
2019-8-28 05:06 | |
Global Central Bank Digital Currency as a Catalyst for the Demise of the U.S. Dollar
Earlier this week, Mark Carney, the governor of the Bank of England, brought up the idea of a central bank operated digital currency akin to Libra to bring an end to the dominance of the U. S. dollar as the global standard for trade and international hedges. дальше »
2019-8-27 17:00 | |
BoE Governor Mark Carney Proposes Global Cryptocurrency
Governor of the Bank of England Mark Carney put forward the idea of replacing the U. S. dollar with a central bank-issued cryptocurrency like Facebook’s Libra. Carney Proposes The Synthetic Hegemonic Currency On August 23, 2019, while addressing the Federal Reserve Symposium in Jackson Hole, Wyoming, Carney described how Brexit uncertainties, persistent world trade tensions, and overall weaker business activity are deteriorating the global economy. дальше »
2019-8-25 21:34 | |
China Planning to Launch its Government-Backed Digital Currency Before Facebook’s Libra
The central bank digital currency (CBDC) of China may come out sooner than expected as the “time is almost ripe,” reported China Daily on Tuesday. Last week, we reported Mu Changchun, deputy director of the People's Bank of China’s payments department saying that the government-backed digital currency is ready to be launched after five years […] дальше »
2019-8-20 19:12 | |
Facebook’s Libra may be the death knell for Weaker Economies
60 percent of the world’s population could shift to Facebook’s Libra. The world is at a turning point. Financial crisis seems to be rearing its ugly head, trade wars are heating up, and currency crashes are a regular occurrence. дальше »
2019-8-15 18:00 | |
China Ready to Roll out State-Backed Digital Currency
According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. дальше »
2019-8-12 21:42 | |
China’s Central Bank Focuses on Development of Its Own Virtual Currency
Coinspeaker China’s Central Bank Focuses on Development of Its Own Virtual CurrencyChina’s Central Bank now wants to develop a virtual currency to compete with the recently unveiled Facebook’s Libra aiming to gain the lead in the development of the cryptocurrency and blockchain technologies. дальше »
2019-8-5 15:04 | |
Regulatory Pressure Could Prevent Facebook’s Libra from Launching
The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U. дальше »
2019-7-31 13:29 | |
Kenya Should Pursue Cryptocurrency Adoption, Says National Blockchain Task Force
A crypto and blockchain think tank in Kenya is advising authorities to focus on ensuring cryptocurrency adoption in the country, reports CGTN Africa, July 25, 2019. Meanwhile, there hasn’t been much progress regarding the issuance of standardized regulations for digital assets in Kenya but the central bank says the Facebook Libra project poses a systemicRead MoreRead More. дальше »
2019-7-26 01:00 | |
German Central Bank Tells Why Governments Should Take A Neutral Position On Facebook’s Crypto Project
The central bank of Germany, the Bundesbank, released a bulletin in which they say that Libra’s benefits should be allowed despite regulatory uncertainty. The bulletin was titled Crypto tokens in payment transactions and in securities settlement and it was published on July 22nd, according to Cointelegraph. дальше »
2019-7-23 18:54 | |
Kenyan Central Bank Governor Believes Facebook’s Libra is too Risky
The Central Bank of Kenya (CBK) has given its take on Facebook’s Libra cryptocurrency project. The apex bank has said that Libra comes with phenomenal risks that need to be properly understood, reports local news source, Telecompaper on July 22, 2019. дальше »
2019-7-23 05:00 | |
German Central Bank President Sees Hope For Libra
During the G7 meeting in France last week, Jens Weidmann, president of Bundesbank, Germany's central bank, came out in favor of Facebook's Libra project, noting that regulators should not work to suppress innovation before clarifying details can be provided. дальше »
2019-7-23 19:13 | |
Steve Mnuchin Claims G7 Finance Ministers and Central Bankers Concerned About Libra
The Treasury Secretary of the United States of America, Steve Mnuchin, told CNBC in an exclusive interview that G7 financial heads were not comfortable with Libra and expressed their doubts over the ability of the payment consortium to adhere to anti-money laundering (AML) and money transmission regulations. дальше »
2019-7-21 23:00 | |
Libra Is An “Innovative Concept” And Should Not Be Suppressed: Germany’s Central Bank Head
Jens Weidmann, the President of Germany’s Central Bank Bundesbank, stated that global regulators should not suppress Facebook’s Libra project in its early stages. The statement appeared in an email newsletter shared by Mati Greenspan, a senior marketing analyst at eToro. дальше »
2019-7-20 20:40 | |
Bank of Thailand’s Governor claims appointment of special task force to weigh pros and cons of Libra
Facebook’s Libra has been at the center of scrutiny and skepticism among policymakers from around the globe. Many have even gone on to ask for a complete halt of the project, including many lawmakers during the two-day Congressional hearing. дальше »
2019-7-20 03:30 | |
G7: Stablecoins offer economic prosperity
The G7 Finance Ministers and Central Bank Governors (FMCBG) met in Chantilly in northern France on July 17 and 18. In fact, Europe directly perceived the signal from the hearings in the US Senate on Libra and showed great obedience, as always. дальше »
2019-7-20 13:42 | |
German Central Bank Chief Snubs Bitcoin Skeptic Trump, Supports Libra
According to Mati Greenspan, Libra has garnered some support at long last, and from an unlikely figure no less. Citing a recent article, which he translated via Google, the eToro analyst noted that the President of the Bundesbank, the central bank of Germany, lauded the Facebook-backed crypto project. дальше »
2019-7-19 13:30 | |
Libra: Japan Creates Group Ahead of the G7 Summit with Nation’s Central Bank, FSA and Ministry of Finance
Asian giant Japan has set up a committee to look into the potential of the new Facebook’ s cryptocurrency project, called Libra, especially in the area of banking, finances and its ability to cripple a struggling economy if not properly tackled. дальше »
2019-7-15 20:55 | |
ФРС США и Трамп не пустят Libra от Facebook. Американские власти нашли консенсус
Джером Пауэлл, председатель правления ФРС США, жестко «прошелся» по теме криптовалют. The Chairman of United States central bank when asked about Bitcoin: "They use it as a store of value…like Gold…. дальше »
2019-7-13 13:25 | |
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U. K. , and the U. S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. дальше »
2019-7-11 08:30 | |