Facebook must meet "a very high standard" before it moves ahead with its planned digital currency Libra, US Treasury Secretary Steven Mnuchin said Monday.
Business
Jul 15, 2019
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Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as well.
Internet
Jul 14, 2019
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The US Federal Reserve has created a "working group" that is coordinating with government agencies and other central banks to consider the implications of Facebook's planned virtual currency Libra, chairman Jerome Powell ...
Business
Jul 10, 2019
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Facebook's new cryptocurrency, libra, is being heralded as the moment that cryptocurrencies and blockchain, the technology that supports them, become truly mainstream. A notable rise in the price of bitcoin and many other ...
Business
Jul 2, 2019
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Europeans and Americans have their Visa and Mastercards. For everyone else, here comes ... Libra?
Business
Jun 28, 2019
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When Facebook unveiled its new digital currency libra, it explicitly said the initiative was intended to address the problems faced by the world's unbanked: the 1.7 billion people without a bank account. As well as facing ...
Business
Jun 28, 2019
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Cryptocurrencies have become a global phenomenon in the past few years. Now Facebook is launching it's own cryptocurrency, in association with Visa, MasterCard, Uber and others. The stated aim of Libra is to "enable a simple ...
Internet
Jun 27, 2019
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Facebook's recent announcement of plans to launch a new digital currency called Libra was met with a skeptical or even alarmed response from lawmakers, regulators and leaders of foreign governments concerned about the impact ...
Consumer & Gadgets
Jun 27, 2019
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Heading in to the G20 summit, Facebook is on notice from powerful regulators including the Fed chief that its plans for a global cryptocurrency face piercing scrutiny.
Business
Jun 26, 2019
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The UN recognises 180 currencies worldwide as legal tender, all of them issued by nation states. It does not recognise cryptocurrencies like bitcoin in this way, even if communities of enthusiasts have been treating them ...
Business
Jun 26, 2019
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