Libra


Markets

PayPal Might Withdraw From Libra Association: Report

PayPal might pull out of the Facebook-led Libra project, according to a Financial Times report.

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

Markets

American Banking Giants Sound Off Against Libra as Monetary Threat

Execs from some of the biggest U.S. banks reportedly told the Federal Reserve that Facebook’s Libra would pose a threat to monetary policies.

Facebok libra coins

Markets

European Competition Watchdog Fears Libra's 'Closed Economy'

The European Commissioner for Competition, Margrethe Vestager, is asking tough questions of Libra over its potential closed economy.

The European Commission's headquarters in Brussels.

Markets

Mark Zuckerberg Addresses Libra Regulation, KYC in Leaked Transcript

In leaked comments from a July meeting, Facebook CEO Mark Zuckerberg discussed internal issues for the firm's crypto network, Libra.

mark-at-f8

Markets

Institutional Libra Backers Are Getting Cold Feet

Major Libra backers are backing out of the Facebook-led cryptocurrency effort, according to a WSJ report.

Facebook Libra

Markets

Swiss Regulator FINMA Won't Impede Libra's Development

"We are not here to make such projects impossible," Mark Branson, CEO of the Swiss Financial Market Supervisory Authority, said of Libra.

FINMA

Markets

ING's Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years

Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies, and soon.

Credit: Shutterstock

Markets

Facebook-Led Libra Could Be Boon to UN, Says Crypto Project's Chief

The head of the Libra Association has argued that the Facebook-led cryptocurrency could help the U.N. achieve its sustainable development goals.

UN headquarters Geneva

Markets

'No Argument' for Replacing Dollar's Global Role With Crypto: Ex-Fed Official

The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets.

Simon Potter ex-NY Fed official

Markets

Facebook's Zuckerberg Appears to Put Libra Launch Date in Doubt

In an interview, Mark Zuckerberg suggested that it might be a while before the Libra cryptocurrency actually gets its launch.

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