Tag Archives: Libra

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 […]

No Demand for a State Digital Currency in Japan: Central Bank Governor Bank of (BOJ) Governor Haru

No Demand for a State Digital Currency in Japan: Central Bank Governor 
Bank of  (BOJ) Governor Haru

No Demand for a State Digital Currency in Japan: Central Bank Governor Bank of #Japan (BOJ) Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country. During his speech at the symposium for the 35th anniversary of the Center for Financial Industry Information Systems on […]

EToro: Facebook Should Drop Libra and Support Third-Party Stablecoins researchers at online broker

EToro: Facebook Should Drop Libra and Support Third-Party Stablecoins 
 researchers at online broker

EToro: Facebook Should Drop Libra and Support Third-Party Stablecoins #Blockchain researchers at online brokerage eToro have argued that #Facebook should look to support third-party stablecoins, not Libra. According to a Nov. 28 report from Finextra, eToro’s blockchain research unit eToroX Labs believes that while Facebook’s crypto project offers a “trailblazing opportunity” to disrupt financial services […]

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 […]

Stablecoins ‘Pose Risk to Financial Stability’ Warns Federal Reserve could “complement” other paym

Stablecoins ‘Pose Risk to Financial Stability’ Warns Federal Reserve #Stablecoins could “complement” other payment systems and improve conditions for consumers, but need constant checks, says the United States Federal Reserve. In its November 2019 Financial Stability Report released on Nov. 15, the Fed highlights stablecoins and their potential impact on the U.S. and beyond. Fed: […]

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 […]

FATF Raises Money Laundering Concerns Over Libra and Stablecoins Global monetary watchdog, the Fina

FATF Raises Money Laundering Concerns Over Libra and Stablecoins 
Global monetary watchdog, the Fina

FATF Raises Money Laundering Concerns Over Libra and Stablecoins Global monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s #Libra and other stablecoins. Mass adoption of such currencies could hinder efforts to detect and stamp out money laundering and terrorist financing, Reuters reported on […]

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 […]