Facebook Libra (LIBRA) News

Representatives of the payment company PayPal did not attend a meeting with members of the Libra Association in Washington, where they discussed a strategy for cooperation with regulators amid fierce criticism of the project. According to sources in the Financial Times, only PayPal was not present...

Four payment corporations that have already joined to the Libra Association as originating members are hesitating on officially approving the crypto plan. Mastercard, Paypal, Stripe and Visa are troubled about their further contacts with governors, who have doubts about the Libra. Heads of these...

Facebook negotiates with a key congressional committee for Chief Operating Officer Sheryl Sandberg to testify as soon as next month amid topics about the corporation’s market control and its programs of launching a digital currency Libra. Facebook expects that Sandberg is going to appear at a...

Europe’s resistance to Facebook's proposed cryptocurrency grows, as Germany describes its position. After the cabinet approved the government’s blockchain approach, it announced that this technology has fabulous potential but it doesn’t mean that it must be applied for building new private...

Today on 16 September, Global governors are going to investigate Facebook about its Libra currency again. As it was reported, the hearings are amid worries from EU states over the dangers this digital coin can carry to economic resistance all over the world. Regulators from Bank of England, the US...

Bruno Le Maire, French Finance Minister, announced on Thursday that Libra coin is going to be prevented in Europe because the currency is too unsafe and endangers sovereignty. Le Maire mentioned at Organization for Economic Cooperation and Development in Paris that Libra is going to raise concerns...

Switzerland officials stated that for launching its cryptocurrency Facebook is going to be demanded official permission with a granting license contingent on the perils of reserve management being carried wholly by the association and not by coin holders. Finma, the Swiss economic governor,...

A senior US official in charge of combating terrorist financing announced on Tuesday, that even if Libra is based in Switzerland, it must comply with American anti-money-laundering standards for surviving. The undersecretary for terrorism and financial intelligence, Sigal Mandelker mentioned during...

Facebook announced the primary basket of currencies. The corporation declared to US senators that Libra is going to be pegged to US dollar, euro, Singapore dollar, British pound and yen. Mark Warner, Virginia Democratic Senator is warned that China can drive the Libra Association to add yuan in the...

A couple of extra lobbyists are selected by Facebook to support the corporation win over congressmen warnings to stymie the launch of its crypto coin. Head of Hollier Associates LLC William Hollier started lobbying for the social media giant on issues related to blockchain policy in late August. He...

As to JPMorgan Chase & Co. stablecoins which are built to bypass the massive changes of BTC and ETH, could break functioning normally in pressure periods. Joshua Younger said leaning on his analysis that the cumulative cost of all existing stablecoins is not surpassing $5 billion, the...

EU Competition Commissioner Margrethe Vestager said that Libra digital currency is going to be a centre for antitrust and economic governors soon, affirming an early-level examination into how the modern payment system is going to run. Vestager informed journalists in Copenhagen that from both...

One of the leading crypto exchanges said that the push back of Libra coin taught it a good lesson. And that it will take different strategy as it works on a rival project. Binance platform is ready to engage with all regulators from day one as it plans to roll out its Venus digital currencies. The...

Facebook’s Libra is already in the centre of the study of governors and lawmakers. Other crypto backers are worried and presently are struggling to guarantee the fusillade doesn’t take them down, too. Crypto lobbyists are attempting to persuade lawmakers that efforts to reduce or stop Libra...

The US House Financial Services Committee representative declared on July 25 that Facebook purposes about developing a digital currency are still bothering her even after meeting the officials in Switzerland. Maxine Waters stated that she appreciates the time that administration of Switzerland...

Governor of the Bank of England Mark Carney proposed a modification of the global economic system. He suggested replacing USD with a Libra-like digital currency. During his speech at the Federal Reserve’s yearly symposium, the governor announced that a currency like Facebook’s Libra may replace...

The developers of the non-custodian crypto wallet ZenGo have implemented support for the digital currency Libra test network. At the moment users will be able to send and receive tokens of the Libra test network, however, developers warn that so far these funds have no real value. You can...

Binance, оne of the world's largest crypto exchanges, has announced a new project, which is connected with the blockchain industry. The new project Venus will produce stablecoins tied to local fiat currencies. This was reported by TechCrunch. Binance indicated that Venus's goal is to enable...