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Digital currencies such as Facebooks Libra will disrupt the financial system, either by forcing central banks to innovate or by grabbing a global role that could challenge the dominance of the dollar, ECB board member Benoit Coeure said on Tuesday.

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 IST

Digital currencies such as Facebooks Libra will disrupt the financial system, either by forcing central banks to innovate or by grabbing a global role that could challenge the dominance of the dollar, ECB board member Benoit Coeure said on Tuesday.

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...

9 Oct 2019 12:24 PM IST

Facebook hopes Libra will not only power transactions but offer people without bank accounts access to financial services for the first time.

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.

5 Nov 2019 7:57 AM IST

Facebook hopes Libra will not only power transactions but offer people without bank accounts access to financial services for the first time.

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

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

24 Dec 2019 2:00 PM IST

Union Economic Affairs Secretary Shaktikanta Das (Photo: PTI)

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...

5 Dec 2019 5:48 PM IST

Facebook hopes Libra will not only power transactions but offer people without bank accounts access to financial services for the first time.

Facebook's Libra coin likely to run a regulatory gauntlet

The company's announcement was met with immediate backlash from US lawmakers and regulators across the globe.

30 Jun 2019 10:15 AM IST

Facebook hopes Libra will not only power transactions but offer people without bank accounts access to financial services for the first time.

Facebook's Libra coin likely to run a regulatory gauntlet

Facebook also formed a Geneva-based association to govern the new coin and hold the reserves, alongside several major...

29 Jun 2019 2:10 PM IST

Facebook hopes Libra will not only power transactions but offer people without bank accounts access to financial services for the first time.

Central bankers claim oversight over Facebook's cryptocurrency

Facebook drew worldwide interest this week when it announced plans to introduce a cryptocurrency called Libra.

22 Jun 2019 10:26 AM IST

The IPO comes at a time when the cryptocurrency sector is facing a number of headwinds.

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 July 2019 1:35 PM IST

Evidence suggests that Tether may have been used to manipulate the price of bitcoin.

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...

17 July 2019 2:23 PM IST

Facebook said that it will instead offer the traditional ways of verifying accounts such as a code sent to their phone. (Photo: ANI)

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...

16 July 2019 9:35 AM IST

The IPO comes at a time when the cryptocurrency sector is facing a number of headwinds.

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...

11 July 2019 2:17 PM IST