Tag Archives: Facebook’s

France to Test Its Central Bank Digital Currency in Q1 2020: Official The central bank of plans to

France to Test Its Central Bank Digital Currency in Q1 2020: Official 
The central bank of  plans to

France to Test Its Central Bank Digital Currency in Q1 2020: Official The central bank of #France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the […]

New Bill Would Put Facebook’s Libra Stablecoin Under US Securities Law American lawmakers have repo

New Bill Would Put Facebook’s Libra Stablecoin Under US Securities Law American lawmakers have reportedly introduced a bill aiming to put Facebook’s #Libra under the jurisdiction of the Securities and Exchange Commission (SEC). Two Texas representatives, Sylvia Garcia and Lance Gooden, have proposed legislation that would put even more regulatory scrutiny on #Facebook’s not-yet-launched Libra […]

Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official A senior United States federa

Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official A senior United States federal official has argued that Facebook’s #Libra highlights the need for the Federal Reserve (Fed) to act urgently and launch its own real-time payments system. In a letter addressed to the Federal Reserve’s Board of Governors on Nov. 7, Rohit […]

Facebook’s Calibra Exec: Libra Is More Like Email Than PayPal Facebook’s project Libra will be mor

Facebook’s Calibra Exec: Libra Is More Like Email Than PayPal Facebook’s #crypto project Libra will be more similar to email tech than payment services such as PayPal, vice president of product at Calibra said. Speaking at the Web Summit in Lisbon on Nov. 5, Kevin Weil, vice president of product at #Facebook’s Calibra digital wallet […]

French Finance Minister Warns He ‘Cannot Countenance’ Facebook’s Libra France’s economy and finance

French Finance Minister Warns He ‘Cannot Countenance’ Facebook’s Libra  France’s economy and finance

French Finance Minister Warns He ‘Cannot Countenance’ Facebook’s Libra France’s economy and finance minister has repeated his criticism of #Facebook’s digital currency #Libra, saying he cannot allow its existence. Le Maire: #France has “clear position” on Libra In an opinion piece for the Financial Times on Oct. 17, Bruno Le Maire claimed Libra would take […]

Bitcoin is Totally Different to Libra: Calibra Head David Marcus ⁠David Marcus, the head of forthco

Bitcoin is Totally Different to Libra: Calibra Head David Marcus ⁠David Marcus, the head of  forthco

Bitcoin is Totally Different to Libra: Calibra Head David Marcus ⁠David Marcus, the head of #Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of #Bitcoin (BTC) but it is totally different to the proposed #Libra stablecoin. Bitcoin is digital gold, Marcus says In a Squawk Box interview on Oct. 16, Marcus stated […]

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin Bank of England Governor Mark C

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin 
Bank of England Governor Mark C

Bank of England Governor Carney Defends Facebook’s Libra Stablecoin Bank of England Governor Mark Carney has defended Facebook’s choice to create a new currency. Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial system. Because of the inefficiency of the payments, Carey thinks […]

OpenLibra Plans to Launch Permissionless Fork of Facebook’s Stablecoin Lucas Geiger, co-founder of

OpenLibra Plans to Launch Permissionless Fork of Facebook’s Stablecoin 
Lucas Geiger, co-founder of

OpenLibra Plans to Launch Permissionless Fork of Facebook’s Stablecoin Lucas Geiger, co-founder of #blockchain infrastructure startup Wireline, has announced OpenLibra — a permissionless fork of #Facebook’s planned stablecoin. Ethereum developer Lane Rettig tweeted on Oct. 8 that OpenLibra was announced by Geiger at the Ethereum developer conference Devcon 5, adding: “Seeing #openlibra publicly announced for […]

Ripple CEO: Facebook’s Libra Will Not Launch Before 2023 Brad Garlinghouse, the CEO of blockchain p

Ripple CEO: Facebook’s Libra Will Not Launch Before 2023 
Brad Garlinghouse, the CEO of blockchain p

Ripple CEO: Facebook’s Libra Will Not Launch Before 2023 Brad Garlinghouse, the CEO of blockchain payments network #Ripple, thinks that Facebook will fail to launch its #Libra digital currency before 2023. Garlinghouse bets on a 3-year Libra delay Speaking in an interview with Fortune on Oct. 7, Brad Garlinghouse argued that regulatory pushback would continue […]

‘Very, Very Skeptical:’ German Finance Minister Opposes Facebook’s Libra Germany’s finance minister

‘Very, Very Skeptical:’ German Finance Minister Opposes Facebook’s Libra 
Germany’s finance minister

‘Very, Very Skeptical:’ German Finance Minister Opposes Facebook’s Libra Germany’s finance minister Olaf Scholz sees uses for an electronic version of the euro but believes #Facebook should stay away from money issuance. Scholz: Germany wants E-euros, not #Libra Speaking to local financial news outlet WirtschaftsWoche on Oct. 3, Scholz revealed that he would be keen […]