Stay informed with Blockchain Today. Enable desktop notifications.

Libra Association News and Articles



Libra becomes Diem

Facebook's Libra Currency Changed its Name to Diem

by

Before the suggested launch of its dollar-pegged stablecoin, the Libra Association has changed its name to the Diem Association. According to Reuters, the remodeling can be beneficial while getting regulatory verifications for the expected Diem stablecoin as it highlights the self-sufficiency of...

Libra coin

Facebook denies reports about refusing from Libra coin

by

Facebook does not plan to refuse to launch the stablecoin Libra in favor of a more traditional payment system. The press service of the organization denied a statement circulated by the media. Facebook representatives once again emphasized their commitment to the project: “Libra has not changed...

Libra Association

Facebook plans to modify the Libra to win over regulators

by

Libra Association partners are weighing reorganizing the project to soften the position of governors. For this, the project's model may be revised in favor of the inclusion of several coins in the network, including those created by central banks. Libra is projected to become a payment network that...

Tagomi cooperation with Libra

Libra Association has a new member - prime broker Tagomi

by

Tagomi, an American cryptocurrency broker, has joined the Libra Association, the institution responsible for generating the Libra digital currency project from Facebook's largest social network. “We're happy to become a member of Libra and share a common mission to expand financial inclusion. We...

Vodafone left Libra

Vodafone left Facebook-founded Libra Association

by

British telecom Vodafone has become the eight corporation to quit the Libra Association. Both Libra Association and Vodafone affirmed the news on 21 Jan. Vodafone plans to give support earlier proposed for Libra to its well-organized and thriving digital payment service M-Pesa, which the...

David Marcus

David Marcus vows to move forward with Libra and add members

by

David Marcus, who is a chief executive of Libra currency, said he doesn’t think that companies, which have left the project, have a fault. He is optimistic that various other corporations are going to join the project despite the enormous opposition from regulating institutions that are fearing...

Mastercard and Visa

MasterCard and Visa are leaving Facebook’s Libra project

by

They heard senators' voices. Facebook loses some chief partners, like eBay, Stripe, Visa and MasterCard. Regulators and lawmakers criticised the Libra project, which brought to thought will the project even persist? Before the opening meeting of Libra Association in Geneva, which is planned to be...

Visa MasterCard Stripe

Senators warn Visa, Mastercard, Stripe on Libra membership

by

Two Senate Democrats are warning three payment corporations to review their membership in the Libra Association and involvement with the crypto project of the Facebook. Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii are sure that Libra is a threat not only to the worldwide economy...

Libra coin

Sceptics can now bet on Facebook’s Libra launch delays

by

After Facebook announced its plans about launching a cryptocurrency, it faced overwhelming scorn. And now everyone is sceptically tuned that the launch will be at the time Facebook has targeted. A crypto-futures exchange CoinFLEX is now offering derivatives that payout based on the likelihood will...

The Libra Association

Facebook Libra payment partners hesitate on cryptocurrency

by

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...

Obstacles of Facebook grow rapidly. Germany is against Libra

Obstacles of Facebook grow rapidly. Germany is against Libra

by

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...

Facebook is sure: Central banks have nothing to fear from

Facebook is sure: Central banks have nothing to fear from

by

Facebook is trying to defend Libra again. After several authorities announced about their concerns amid Libra currency, Facebook started to make things change. 1/ About monetary sovereignty of Nations vs. Libra:— David Marcus (@davidmarcus) September 16, 2019 The leader of the Libra project,...

Facebook will be questioned by regulators about Libra again

Facebook will be questioned by regulators about Libra again

by

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...

France is against Libra. It needs a public digital currency

France is against Libra. It needs a public digital currency

by

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...

Swiss regulators say Libra needs to get a license

Swiss regulators say Libra needs to get a license

by

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,...

Libra is going to be under US money-laundering scrutiny

Libra is going to be under US money-laundering scrutiny

by

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...

Libra will be tied to USD, EUR, JPY, but probably not CNY

Libra will be tied to USD, EUR, JPY, but probably not CNY

by

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...

JPMorgan worries that cryptos like Libra may face ‘Gridlock’

JPMorgan worries that cryptos like Libra may face ‘Gridlock’

by

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...

See all cryptocurrency and blockchain news and articles on "Libra Association"