Facebook Financial will handle management and strategy for all payments and money services across the Silicon Valley company’s platform.
11 Aug 2020 8:36 PM
The open source software, Mojaloop, first established by Gates Foundation in 2017, is being tweaked for use by disadvantaged communities.
07 May 2020 2:03 PM
Central bank officials and others have expressed concern about a blow to their sovereignty from Libra coins pegged to a basket of currencies
16 Apr 2020 9:06 PM
Central bank officials and others have expressed concern about a blow to their sovereignty from Libra coins pegged to a basket of currencies
16 Apr 2020 9:06 PM
Central banks worldwide are looking into the possibility of issuing digital money to prevent the loss of state control over money.
27 Jan 2020 7:24 AM
They could also weaken the effects of capital controls and lead to volatile asset prices.
24 Dec 2019 2:00 PM
The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.
05 Dec 2019 5:48 PM
The watchdog said an assessment of stablecoins found they can potentially offer benefits as well as pose risks.
05 Nov 2019 7:57 AM
Marcus said he was not suggesting currency-pegged stablecoins were the group’s new preferred option.
22 Oct 2019 9:14 AM
Lawmakers had previously considered regulation of cryptocurrencies a marginal issue, until the emergence of talks about launching Libra.
09 Oct 2019 12:24 PM
Since the US tech company unveiled its plans in June, its proposed cryptocurrency has met with regulatory and political scepticism.
21 Sep 2019 12:19 PM
Facebook announced plans to create the Libra 'stablecoin' by 2020, scaring global regulators who now scramble to come up with regulation.
18 Sep 2019 9:43 AM
The statement also asks for assurances that only the minimum required data will be collected.
06 Aug 2019 9:48 AM
Facebook in mid-June announced plans to launch Libra next year as it expands to e-commerce and digital payments.
24 Jul 2019 1:35 PM
David Marcus, the company’s top executive overseeing the planned Libra project, answered questions from the Senate Banking Committee.
17 Jul 2019 2:23 PM
The company is a “long way away from” securing approval from US regulators or launching the cryptocurrency in the United States.
16 Jul 2019 9:35 AM
US Federal Reserve Chairman Jerome Powell says that Facebook’s plan to build a digital currency called Libra “cannot go forward”.
11 Jul 2019 2:17 PM
Libra is very very far from a proper Crypto currency structure.
07 Jul 2019 8:31 AM
The coin would mark the social media giant’s entry into one of the least-regulated areas of finance.
03 Jul 2019 12:21 PM
Facebook’s plan to expand into payments and launch its own Libra cryptocurrency were not mentioned in the BIS statement.
01 Jul 2019 7:52 AM