Monday, Nov 29, 2021 | Last Update : 04:34 AM IST

Libra

Facebook carves out a unit focused on its financial payments businesses

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

Google ties up with Gates Foundation on digital payments for the unbanked, rivaling Facebook Libra

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

Facebook-backed Libra returns with new 'stablecoins' linked to single currency like Dollar or Euro

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

Facebook-backed Libra back with new 'stablecoins' linked to single currency like Dollar or Euro

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

Digital currency cannot be private

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

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Global use of Libra, other stable coins could curb currency's internationalisation

They could also weaken the effects of capital controls and lead to volatile asset prices.

24 Dec 2019 2:00 PM

No way privately-issued digital currencies can be allowed: RBI Gov Das

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

Facebook's Libra could come under some existing rules

The watchdog said an assessment of stablecoins found they can potentially offer benefits as well as pose risks.

05 Nov 2019 7:57 AM

Facebook open to currency-pegged stablecoins for Libra project

Marcus said he was not suggesting currency-pegged stablecoins were the group’s new preferred option.

22 Oct 2019 9:14 AM

Spooked by Libra, EU pledges to regulate digital currencies

Lawmakers had previously considered regulation of cryptocurrencies a marginal issue, until the emergence of talks about launching Libra.

09 Oct 2019 12:24 PM

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Undeterred, Facebook to press on with Libra launch next year: executive

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's Libra will be disruptive, says ECB's Coeure

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

UK data watchdog demands more clarity over Facebook’s crypto

The statement also asks for assurances that only the minimum required data will be collected.

06 Aug 2019 9:48 AM

Switzerland awaits details on Facebook’s crypto plan

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

Bitcoin tumbles as US senators grill Facebook on crypto plans

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

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Facebook crypto riding shotgun against money laundering

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

Facebook’s cryptocurrency project ‘Libra’ halted

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

The mystery coin

Libra is very very far from a proper Crypto currency structure.

07 Jul 2019 8:31 AM

Facebook’s crypto needs deep thought and detail before launch

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

World's central banks tackle technology with innovation hub

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

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