Libra


Markets

Facebook's Marcus Says China Wins With Digital Renminbi if US Nixes Libra

David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Markets

Libra Could Drop 'Basket' and Issue Individual Fiat Stablecoins

Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.

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

Markets

It's Too Soon to Write Libra's Crypto Obituary

The recent spate of bad news for Libra isn't necessarily a death knell for the project, writes Mike J. Casey.

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Markets

Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7

A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.

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Markets

Facebook’s Libra Just Got Its First Major Supporter in Congress

Bucking a trend, Sen. Mike Rounds (R-S.D.) wrote a letter praising Libra as a technological advance that he feels is needed.

Mike Rounds

Finance

Libra Shows Central Banks' Failure on Cross-Border Payments: Riksbank

A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP.

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Markets

France's Le Maire Attacks Facebook's 'Political' Ambitions With Libra

The French finance minister has said Libra is an "unacceptable" challenge to state sovereignty and suggested political motives behind the project.

Bruno Le Maire French Finance Minister

Markets

Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound

Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.

(Getty Images)

Markets

Libra Plays Down Troubles, Anticipates 100 Members by Launch

The Libra Association has said the project is undeterred by recent setbacks and expects to sign up 100 partners before it goes live.

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