Libra


Markets

People in US Trust Bitcoin More Than Facebook's Libra: Report

Compared with bitcoin, people in the U.S. don't trust Facebook's anticipated new stablecoin Libra, according to a new survey.

Facebook Libra

Markets

Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO

While Facebook's Libra project was said to have 28 founding partners when unveiled, that isn't quite the case, says Visa CEO Alfred F. Kelly.

(Shutterstock)

Markets

Facebook Libra Hasn't Responded to Information Request: Swiss Watchdog

Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva.

Facebook

Markets

Congress Drew a Fine Line Between Libra and Crypto – That's a First

Lawmakers at last week’s hearings took pains to distinguish Facebook’s Libra from the broader crypto space, showing a new maturity in their approach.

facebook, bitcoin

Markets

UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud

A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users.

UK parliament

Markets

US Treasury Secretary Mnuchin Says G7 in Agreement on Libra, Cryptocurrencies

“There was a clear agreement ... that Libra, in particular, raises some very significant concerns, and cryptocurrencies more broadly," said Mnuchin.

Treasury Secretary Steven Mnuchin

Markets

WATCH: 'Mother of Blockchains' Defends Facebook's Choice of Controversial Swiss Foundation

Joshua Ashley Klayman Kuzar sees Libra as a turning point in the march to mass adoption. "Facebook didn't come to congress," she said. "Congress came to Facebook."

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Markets

Consumer Advocates Urge Libra Members to Quit Facebook Crypto

A coalition of consumer advocacy groups urged the Libra Association's 28 member firms to quit the Facebook-led project.

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Markets

WATCH: Former CFTC Advisor Sees 'Mistrust' as Libra's Fatal Flaw

Scandal after scandal hasn't done Facebook any favors, says former CTFC advisor Jeff Bandman.

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Markets

WATCH: A FinTech Lawyer Breaks Down Libra's Legality

Joel Telpner, chair of the Fintech and Blockchain Practice Group at Sullivan & Worcester LLP, sees Libra's creation as setting a fascinating - and treacherous - precedent.

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