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Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting

Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

Japan finance ministry

Markets

US May Bar Large Tech Firms From Issuing Cryptocurrencies

Lawmakers in the U.S. are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies.

Facebook Libra

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US President Donald Trump Says He's 'Not a Fan' of Bitcoin

US President Donald Trump tweeted about bitcoin and Facebook's Libra on Thursday. He's not a fan.

President Donald Trump (Shutterstock)

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Fed Chair Says Libra 'Cannot Go Forward' Until Facebook Addresses Concerns

Fed Chairman Jerome Powell said Facebook should not be allowed to launch its Libra cryptocurrency until the company details how it will handle a number of regulatory concerns.

Fed Chair Jerome Powell (House Financial Services Committee)

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Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project

The Winklevoss twins might mend fences with Mark Zuckerberg through the Libra cryptocurrency project.

winklevoss twins

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Facebook Says It Won't Launch Crypto in India Due to Regulatory Issues

Facebook reportedly said that current regulatory restrictions mean it has "no plans" to launch its digital wallet service and crypto in India.

Facebook

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Facebook to Senators: Libra Crypto Will Respect Privacy

Facebook's David Marcus told lawmakers its new libra cryptocurrency will not store or share personal financial information – with a few caveats.

David Marcus is the co-creator of the Facebook-backed libra stablecoin. (CoinDesk archives)

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Facebook Libra Threat Could Spur Work on China's National Digital Currency: PBoC Official

China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.

Credit: Shutterstock

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Korean Watchdog Warns of Financial Stability Risk From Facebook's Libra

Facebook's Libra cryptocurrency project threatens the stability of financial systems, according to South Korea's Financial Services Commission.

Facebook Libra

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Facebook's Libra Is a 'Wake-Up Call' for Regulators, Says ECB Policymaker

Benoit Coeure of the European Central Bank has said projects like Facebook's Libra require faster action from regulators.

ECB building