Libra


Markets

Libra Association Names HSBC Chief Legal Officer as First CEO

The Libra Association named HSBC Chief Legal Officer and former U.S. Under Secretary of the Treasury Stuart Levey as its new CEO. Levey will take the reins later this year.

Stuart Levey (left) formerly served as the Under Secretary for Terrorism and Financial Intelligence. (Credit: U.S. State Department)

Markets

Cross-Border Payment Portal Checkout.com Is Latest to Join Libra Association

Checkout.com, a digital payment processor that focuses on cross-border transactions, has become the 24th member of the Libra Association.

Checkout.com was founded in 2009, and focuses on cross-border payments. (Credit: Shutterstock)

Markets

Libra Has a Flawed Crisis Model, Says Ex-IMF Economist

Libra's revised whitepaper resembles clearinghouse certificates that the U.S. used to prevent bank runs before the Federal Reserve was created, a former IMF economist says.

Credit: Shutterstock

Markets

Facebook's 'Scaled Back' Libra Proposal Is More Dangerous Than You Think

With stablecoin announcements from China and Libra in the same week, the war over the future of money is reaching a new height, says our columnist.

Facebook libra china flag

Markets

Heifer International Joins Libra Association to 'Support Financial Inclusion'

Heifer International has joined the Libra Association, just days after the group modified its stablecoin vision to focus on a series of single-currency tokens rather than one basket-backed version.

Heifer International becomes the 23rd member of the Libra Association after joining on Monday. (Credit: Shutterstock)

Finance

Facebook Affirms Libra Commitment With 50 New Job Openings in Ireland

Libra may have been scaled back but Facebook is significantly expanding the team working to support the stablecoin project.

Facebook's Dublin Office. (Credit: Derick Hudson / Shutterstock)

Policy

US Lawmaker Calls Libra's Revamp Insufficient

Rep. Sylvia Garcia's comments suggest libra's roots as a Facebook initiative remain a political liability despite the consortium's steps to sate critics.

LIBRA WHO? "There are simply too many questions left unanswered regarding why Facebook is even developing a cryptocurrency," says Rep. Sylvia Garcia. (Credit: Wikimedia Commons)

Markets

Libra vs. DCEP? The Battle for the Future of Money Heats Up

NLW breaks down libra’s new fiat-pegged model, DCEP’s trial app and China’s Blockchain Service Network

Libra vs. DCEP

Finance

Libra Scales Back Global Currency Ambitions in Concession to Regulators

The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies.

CAPITULATION? U.S. lawmakers grilled Libra board member David Marcus last year. The consortium has overhauled its plans. (Credit: House Financial Services Committee)

Policy

G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins

National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says.

(Shutterstock)