2020-7-9 19:22 |
The Libra Association's head of policy said ongoing dialogues with central bankers had not dented their original ambition.
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At the height of the crypto hype bubble, Facebook, Google, and other tech giants made an effort to block cryptocurrency-related advertisements and promotions from their platforms. While Facebook claims to have loosened their policy against crypto the firm continues to limit cryptocurrency ads from reaching customers on its social media platform – even despite attempting to launch a cryptocurrency of its own.
2020-6-11 18:00 | |
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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.
2020-6-10 13:00 | |
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Facebook's cryptocurrency Libra shows no signs of launching this year and there have been plenty of speculations regarding its fate, ever since the start of 2020. However, discussions around the laThe post CBDCs, while enhancing transmission of monetary policy, are potentially risky appeared first on AMBCrypto.
2020-2-16 20:30 | |
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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.
2020-2-15 21:30 | |
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Recently, Mark Zuckerberg, Facebook CEO, faced Congress on all matters concerning its privacy policy, political advertisements, and the launch of its crypto-project, Libra. One of his remarks that stoThe post Ethereum's Lubin: Stablecoins are 'extremely valuable' to emerging digital economy appeared first on AMBCrypto.
2019-11-10 18:00 | |
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The recently concluded G20 Finance meeting highlighted regulation of stablecoins as an area that needs to be addressed soon. This follows the rise in popularity of digital assets with Facebook’s Libra being the most discussed.
2019-10-19 22:20 | |
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The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra.
2019-10-17 13:44 | |
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“It is a correction; it’s not a setback,” said Dante Disparte, newly appointed Head of Policy and Communications at the Libra Association after the council lost another backer. This time it was Booking Holding, the company behind Booking.
2019-10-15 08:39 | |
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United Kingdom’s central bank, Bank of England, has announced a raft of rules that Facebook’s Libra crypto must adhere to if it wishes to launch in UK. In its October Financial Policy and Summary released by the bank’s Financial Policy Committee, BoE stated that it discussed innovative explorations within the financial and payment sector. As […]
2019-10-10 23:09 | |
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The Bank of England‘s (BoE) Financial Policy Committee (FPC) has laid down a set of rules that Facebook‘s Libra and other cryptocurrencies must follow if they are to be launched in Britain. While some question if Facebook’s ‘cryptocurrency’ Libra will ever launch, the BoE‘s FPC did recognize its potential to becoming an “important payment system,” City AM reports.
2019-10-9 15:12 | |
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European NGOs have launched a petition against Facebook’s recently-detailed crypto asset-like digital currency, Libra. The effort seeks to make EU policy makers aware of apparent public resistance to the plans.
2019-10-5 23:00 | |
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Libra association says that Facebook cryptocurrency is not being initiated to replace the already established currencies. The Managing Director Bertrand Perez, who was speaking at UN headquarters in Switzerland at a blockchain conference, stated that they are not implementing a monetary policy with Libra.
2019-9-28 17:44 | |
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The outgoing president of the European Central Bank (ECB) believes that so far crypto assets have had few implications for existing monetary policy. However, Mario Draghi believes that this could change in the future.
2019-9-28 23:00 | |
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Can Zuckerberg’s personal appeals win favor in Washington? “Personal visits absolutely help enhance policies and regulatory decisions,” says Chamber of Digital Commerce policy chief
2019-9-28 16:23 | |
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The Libra Association really wants us to know that Facebook cryptocurrency is not being created to replace existing currencies. Manager Director Bertrand Perez, speaking at a blockchain conference hosted at the United Nation headquarters in Geneva today, said: “We are not in the area of implementing any monetary policy with the (Libra) Reserve.
2019-9-27 14:06 | |
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Germany's cabinet has passed a national strategy for exploring blockchain tech, while limiting the threat of stablecoins like Facebook's Libra.
2019-9-19 17:27 | |
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Stablecoins like Libra threaten the monetary policy of European countries, believes the European Central Bank board member.
2019-9-18 10:42 | |
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Benoit Coeure of the European Central Bank says that stablecoins like Libra pose serious risks to public policy priorities
2019-9-17 20:19 | |
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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.
2019-9-7 20:17 | |
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After hiring advisory firm FS Vector, along with John Collins (former Head of Policy, Coinbase), social media giant Facebook has appointed two more Libra lobbyists on its payroll to help steer the initiative through the stormy reception the project has received from regulators and legislators.
2019-9-6 15:00 | |
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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.
2019-9-6 15:00 | |
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While the whole work is looking at Facebook’s new project Libra, Facebook is looking at Sub-Saharan Africa. According to a recent job opening, the company is looking for a policy expert in Africa that could ensure that payments are made in the countries of the continent using WhatsApp. While the job posting does not mention […]
2019-9-6 22:54 | |
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WhatsApp is looking to hire a blockchain policy expert in Africa as parent company Facebook's Libra project meets regulatory resistance worldwide.
2019-9-6 20:10 | |
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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.
2019-9-3 09:00 | |
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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.
2019-9-3 01:10 | |
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Another ECB board member has spoken of the danger of digital assets to create pressures on official monetary policy.
2019-9-2 15:18 | |
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Yves Mersch has warned of the threat posed by Facebook's Libra to monetary policy and consumers in the EU.
2019-9-2 13:00 | |
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Facebook is trying to approve its new Libra projects at all costs. Now, the social media giant has started to hire several lobbying firms to influence U. S. lawmakers to approve its newest token Libra.
2019-8-28 23:13 | |
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Facebook‘s “cryptocurrency” Libra is facing an ever growing mountain of regulatory challenges. It seems it needs a helping hand, as it’s hired a specialist firm to lobby Washington directly. According to registration documents filed earlier this week, Facebook will be represented by Washington, DC-based FS Vector LLC, a firm that specializes in regulatory compliance and public policy.
2019-8-27 14:31 | |
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Facebook has hired a lobbying firm led by a former head of policy at Coinbase amid regulatory pushback from U.S. lawmakers over its Libra project.
2019-8-27 12:30 | |
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Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition.
2019-8-21 01:00 | |
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Following reports that Walmart may be interested in developing a cryptocurrency, Jaret Seiberg, senior policy analyst at investment banking corporation Cowen, stated that the company's domestic plans for its own crypto might appeal to US lawmakers more than Facebook's global plan for Libra.
2019-8-7 19:32 | |
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A senior policy analyst thinks Walmart could get its crypto approved by regulators, and the path will be much easier than Libra’s
2019-8-6 00:20 | |
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A former Bank of Japan executive said that Libra could undermine existing monetary policy if it became widespread.
2019-8-14 17:18 | |
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Facebook’s digital currency Libra is looking less and less likely to launch next year as originally planned. Policy expert, Angela Walch from University College London’s Centre for Blockchain Technologies told Quartz: “The odds that Libra receives regulatory approval anytime soon (ie, in the next six-12 months) are quite low.
2019-7-25 15:44 | |
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The proposed Libra digital asset will not aim to encroach on monetary policy or privacy, stated Marcus in Tuesday’s testimony before the US Senate Banking Committee.
2019-7-16 16:13 | |
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The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions.
2019-7-16 19:00 | |
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In an ever-continuing economic war between two of the greatest nations on the planet currently, US and China, maybe in yet another race of supremacy – this time in blockchain technology and cryptocurrencies – the former governor of the People’s Bank of China, Xiaochuan Zhou, states in a recent interview. In the past month, several […]
2019-7-11 18:23 | |
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CEO of Circle, Jeremy Allaire discussed the current activity taking place within the crypto sphere, with news outlet, Bloomberg’s Joe Weisenthal and Romaine Bostick on Friday, July 5, 2019. Some of the topics that the discussion was founded on include Facebook’s endeavor, Libra, how Libra is one of two different types of stablecoins and how […]
2019-7-7 18:58 | |
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According to Democrats, Facebook's Libra is a serious privacy, trading, national security and monetary policy concerns for not only users but for investors. The post Facebook’s Libra Is a Serious Privacy and National Security Concern appeared first on Ethereum World News.
2019-7-4 17:30 | |
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Facebook’s cryptocurrency Libra is a “rival” to US monetary policy and the dollar itself. That’s the view of Congress which has officially urged Mark Zuckerberg to cease development on its crypto project.
2019-7-3 19:11 | |
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As many of our regular readers may already be aware of, Maxine Waters — Chair of the House Financial Services Committee — recently called for a meeting to discuss the development of Libra, Facebook’s much-hyped cryptocurrency offering.
2019-7-3 16:29 | |
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Central bankers and other makers of monetary policy have every reason to fear Facebook’s cryptocurrency Libra, according to a former chief economist of the World Bank. Libra will make it impossible for central banks to control inflation Per Kaushik Basu, who was the World Bank’s chief economist from 2012 to 2016, Libra will render the […] The post Facebook’s Libra Could Castrate Central Banks, Says Ex-World Bank Chief Economist appeared first on CCN Markets
2019-6-29 18:21 | |
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Facebook is advertising job offers for a cryptocurrency wallet data engineer and regulatory policy expert as it moves forward with its plans for the Libra project. Meanwhile, stakeholders across the cryptocurrency and mainstream finance industries, as well as government officials, continue to express concerns about the company’s foray into the world of cryptocurrency payments.
2019-6-25 15:00 | |
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Less than a week ago, Facebook officially announced its own cryptocurrency and released a whitepaper to the effect. The Libra, controlled by Facebook itself and 27 other firms which make up The Libra Association, will be officially launched in 2020.
2019-6-24 20:55 | |
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Jerome Powell said the monetary policy shouldn’t be affected by Cryptocurrencies Libra will be strictly regulated by agencies and governments all around the world The Chairman of the Federal Reserve of the United States Jerome Powell talked with the reporters about Facebook’s recently launched Libra. As reported by The Block, the central bank of the […]
2019-6-20 03:54 | |
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By CCN Markets: Facebook is already under fire from regulators less than a day after officially revealing its cryptocurrency whitepaper. Based on three separate talks, it’s clear top government and bank officials from around the world are preparing to regulate Facebook Libra.
2019-6-19 03:30 | |
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Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors.
2019-6-18 13:52 | |
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Bhavsar joins the Libra Association after 25 years in public- and private-sector banking regulation roles.
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.
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'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.
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.
Tagomi is joining the Libra Association.