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Libra is a Red Herring. Facebook's Main Game is Calibra


Calibra has little to do with the ideals behind blockchain. The digital wallet is more like a traditional bank account. www.shutterstock.com Amid the hype around Facebook’s plan to launch its own digital token, Libra, there’s one big question. How is the company going to profit...

China Might Permit WeChat To Come Up With Cryptocurrency


The impending launch of Facebook’s Libra cryptocurrency is seemingly having many implications on both economic and political fronts around the globe. Especially this development is seen with utmost interest among the business circles in China and the strained relationship with the US and...

Libra Can Teach China One Thing, Suggests Ex-Central Banker


Zhou Xiaochuan. Source: a video screenshot, Youtube, Bloomberg Markets and Finance The Chinese government may be about to rethink its strategy towards “digital currencies,” a recent speech by the country’s former central bank governor, Zhou Xiaochuan, suggests. Zhou, who served as the governor...

How 10 Countries Respond to Facebook’s Libra Cryptocurrency


A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank...

Facebook Defends Libra in the U.S. Senate, Has No Plans for India


Social media giant Facebook is working to ease concerns by lawmakers in Washington, D.C. about its new cryptocurrency project Libra, co-launched with 27 partners. Also, the company confirmed it has no plans for India for now. In a letter to the Committee on Banking, Housing, and Urban Affairs...

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