2019-10-17 14:05 |
In what may be the biggest blow yet to Facebook's Libra, payment giants Mastercard, Visa, eBay, and Stripe have abandoned the troubled cryptocurrency project. origin »
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Bank of England Governor Mark Carney has thrown his weight behind Facebook’s global cryptocurrency project dubbed Libra. The has opined that blockchain-based virtual currencies have the power tix the challenges associated with traditional payments systems, reports The Star on October 15, 2019.
2019-10-17 01:00 | |
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Facebook’s proposed digital currency, Libra, appears to have forced the US Federal Reserve to reconsider the idea of issuing its own purely digital means of payment. The issue is expected to be a hot topic at meetings of the International Monetary Fund and World Bank this week.
2019-10-16 03:18 | |
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To say that regulators have offered Facebook’s Libra project an icy reception would be an understatement. Cold stares greet Mark Zuckerberg wherever he travels, it seems: and the effect could be to freeze progress on his pet financial boondoggle.
2019-10-16 22:39 | |
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The Libra charter has been signed by 21 organizations, just days after several high-profile payment processing and e-commerce companies withdrew from the controversial stablecoin project led Facebook. The Libra Association named its board of directors...
2019-10-15 10:01 | |
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Following last week’s news that PayPal was backing out of the Libra Association, almost all of the payment firms initially linked to the project have now announced their departure. Over the weekend, news emerged that Stripe, Visa, Mastercard, Mercado Pago, and eBay have all abandoned Facebook’s beleaguered cryptocurrency, striking a blow to Mark Zuckerberg’s plans […] The post As Payment Firms Abandon the Libra Association, Who’s Next to Go? appeared first on Crypto Briefing.
2019-10-14 17:52 | |
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Good morning forkers, it’s that time of the week again. It’s Hard Fork’s wrap-up of the weekend’s cryptocurrency and blockchain headlines you shouldn’t miss. Let’s get to it. 1. Facebook‘s “cryptocurrency” Libra is facing yet more challenges as Mastercard, Visa, eBay, payment system provider Stripe, and South American partner Mercado Pago have pulled out of the troubled project, The Financial Times reports.
2019-10-14 11:40 | |
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Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies.
2019-10-13 18:05 | |
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Facebook’s Libra faced a ‘combo-attack’ as multiple payment processors and companies decided to break up with it. The Libra project seems to be unraveling even before its launch.
2019-10-12 18:00 | |
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Two US Senators have taken it upon themselves to write letters directly to the heads of three payment companies that were, until yesterday, a part of the Libra Association. In these letters, Senators Brian Schatz (D-HI) and Sherrod Brown (D-OH), have threatened: “If you take this on, you can expect a high level of scrutiny from […] The post US Senator Threats Likely Factored in to Visa, Mastercard, Stripe Leaving Libra appeared first on BeInCrypto.
2019-10-12 08:18 | |
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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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Senators Brian Schatz and Sherrod Brown have called on Visa, Stripe, and MasterCard to reconsider their membership of the Libra Association.
2019-10-9 14:30 | |
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Facebook’s Libra cryptocurrency project has been put on notice by the Bank of England, with the central bank declaring that the global payments platform will be subject to rigorous scrutiny in the UK.
2019-10-9 13:17 | |
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Following the deep price drops which closed out the month of September, October started with a quiet, middling week of trading activity. In the wider ecosystem, the Bitfinex/Tether group appears to be readying themselves for major lawsuits around claims of market manipulation, while payment processing giant Paypal says it will leave the Libra blockchain consortium.
2019-10-8 14:00 | |
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Welcome, it’s time for Moonday Mornings. If you don’t know what it is, where have you been? It’s Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. Take a look.
2019-10-7 11:52 | |
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As Libra Association looked forward to the first Libra Council meeting in 10 days, the association revealed 1,500 entities to have “indicated enthusiastic interest to participate”. Libra posted, “Building a modern, low-friction, high-security payment network that can empower billions of financially underserved people is a journey, not a destination.
2019-10-5 10:21 | |
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Facebook’s nascent crypto-project Libra has been at the receiving end of regulators and financial authorities’ fury, ever since its official announcement on 18 June. The social media giant’s project has in fact, managed to ruffle quite a lot of feathers, with a few regulators going as far as to call for a complete ban on […] The post Libra would make traditional payment institutions redundant, claims FCA’s Christopher Woolard appeared first on AMBCrypto.
2019-10-5 19:30 | |
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Coinspeaker PayPal Absent From Libra Association Meeting, Might Abandon Facebook’s Project EntirelyPayPal was the only company noticeably absent at the recently held Libra Association meeting.
2019-10-4 14:22 | |
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According to the Wall Street Journal, Visa and MasterCard are getting cold feet about helping build payment infrastructure for Facebook’s Libra project. The Wall Street Journal said that a number of financial partners were starting to back away from Libra because of regulatory concerns.
2019-10-3 18:00 | |
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The signing of the Libra Association Charter is fast approaching on October 14 amidst the global payment providers doubts on the project. According to sources familiar with the matter, four global payment giants in the Libra Association – PayPal, Visa, MasterCard and Stripe – are having doubts on the success of Libra, Facebook’s cryptocurrency. Visa, […]
2019-10-2 17:12 | |
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Coinspeaker Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking SystemThe bankers have explicitly stated that Facebook's Libra will pose huge threat to the consumer demand for deposit accounts, payment volumes, and business models built on privacy.
2019-10-2 13:30 | |
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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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Libra has been a wake-up call for banks to consider major issues in global payment systems, an ECB board member says
2019-9-26 21:18 | |
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Jack Dorsey’s Square Crypto is on its way to create its “dream team”. The company, which is a crypto-focused subsidiary of Square, a payment app created by Jack Dorsey, who also founded Twitter, just announced that it would hire three new developers.
2019-9-20 22:10 | |
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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.
2019-9-16 18:00 | |
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As Libra continues to remain under the scrutiny of regulatory watchdogs, David Marcus, the Head of Calibra, tried to debunk the popular narrative that Libra could potentially threaten the sovereignty of Nations.
2019-9-16 15:36 | |
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The Libra Association announced that it will pursue a payment system license under the Swiss Financial Market Supervisory Authority’s (FINMA) supervision. The group, which oversees Facebook’s controversial cryptocurrency, chose Switzerland as its main regulator despite scrutiny from U.
2019-9-13 23:45 | |
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While Facebook (FB) is planning to acquire Swiss payment system license for Libra, France is not at all interested in letting its cryptocurrency project — expected to launch in 2020 — get off the ground.
2019-9-12 18:44 | |
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As more and more astronomical objects make their way in the crypto-sphere, Facebook’s Libra is still waiting out to check all the boxes before it hits the market as a ‘global currency’.
2019-9-12 13:00 | |
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Facebook’s Project Libra has applied for a payment system license from the Swiss Financial Market Supervisory Authority (FINMA). FINMA says Libra’s service offerings will, however, require a broader oversight that would include operational risks, liquidity and more, according to a Reuters report on September 11, 2019.
2019-9-12 09:00 | |
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Switzerland’s financial regulator has indicated that Facebook’s cryptocurrency project Libra will be required to meet additional requirements besides getting a payment system license prior to starting operations.
2019-9-12 18:01 | |
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Facebook’s cryptocurrency project Libra is now seeking a Swiss payment license, said financial watchdog FINMA on Wednesday. Social media giant Facebook (FB) first announced its plan to launch a cryptocurrency in June, as an attempt to move into global payments that has drawn intense scrutiny from global financial authorities. The stablecoin Libra, which is planned […]
2019-9-11 17:55 | |
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Earlier today, the Swiss Financial Market Supervisory Authority [FINMA] released guidelines on regulating stable coins. The guideline detailed how the regulatory authority will classify and regulate stablecoins based on its nature.
2019-9-11 17:53 | |
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Coinspeaker Facebook’s Libra Set to Register as Payment System in SwitzerlandFacebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight.
2019-9-11 13:20 | |
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On 2 May 2019, Facebook had registered a new company, Libra Networks, in Geneva, a step that turned out to be the company’s first move into the blockchain space. Recently, The Libra Association, the non-profit organization behind Facebook’s Libra cryptocurrency project, announced that it is pursuing a payment system licence from the Swiss Financial Market […] The post Switzerland’s FINMA clarifies its stand on stablecoins soon after Facebook’s Libra pursues a payment license appeared first on AMBCrypto.
2019-9-11 13:00 | |
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Despite escalating regulatory concerns from the governments of the world, Facebook appears to be pressing on with its global bank ambitions. This week the social media giant made moves to seek a payments license for Libra from Switzerland while the US Treasury warned that it would face tough standards.
2019-9-11 11:31 | |
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The company set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.
2019-9-11 11:30 | |
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The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
2019-9-11 09:47 | |
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The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
2019-9-12 09:47 | |
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The interbank payment system provider SWIFT called cryptocurrencies useless and unstable and compared it with a yoyo toy. According to SWIFT, only Facebook's Libra can pose slight competitive threat.
2019-9-12 22:21 | |
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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 | |
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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.
2019-9-6 13:58 | |
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Social media giant, Facebook’s dramatic entry into the crypto-sector diverted the attention of the world towards the ecosystem. Even as Facebook struggled to receive support from lawmakers, several people from the crypto industry expressed their support toward Libra.
2019-9-1 10:03 | |
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Facebook the highly controversial social media giant developing the Libra global stablecoin, is in talks with Indonesian digital payment platforms and fintech firms to enable it to launch a WhatsApp-based mobile payments service in the region, reports Reuters on August 20, 2019.
2019-8-21 20:00 | |
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The EU antitrust regulators have opened a probe on Facebook’s Libra project, amid concerns the proposed payment system may outcompete rivals.
2019-8-21 14:40 | |
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Crypto payment app Metal adds first non-native cryptocurrencies
2019-8-21 10:00 | |
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China’s leading online payment platforms will face fierce competition from both the PBOC coin and Facebook’s Libra
2019-8-19 09:12 | |
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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.
2019-8-12 21:42 | |
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MasterCard partners with MADE and Fred Segal Sunset collection to place luxury designer clothing on blockchain technology to avoid counterfeit purchases. Following the announcement of joining the launch of Libra cryptocurrency, MasterCard is taking up greater roles in the adoption of blockchain technology and cryptocurrency solutions.
2019-8-6 20:59 | |
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