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German Minister Doubles Down on Statements Against Facebook’s Libra
18.10.2019
German Federal Minister of Finance Olaf Scholz has again stated that policymakers should prevent the issuance of Facebook’s Libra stablecoin
ECB Executive Board Member Says There is a Requirement of ‘Highest Regulatory Standards’ on Stablecoins
18.10.2019
Benoit Coeure, the respectable Executive Board Member of the European Central Bank, has urged a need for a stringent supervisory framework for governing digital currencies and stablecoin projects like Facebook’s Libra, stated a report by Bloomberg on Thursday, i.e., October 17. Mr. Benoit in...
What to Expect from Blockchain in 2020?
18.10.2019
The year 2019 is soon coming to an end. We’re only a few months away from stepping into 2020, and the blockchain landscape is changing quickly. It’s been almost two years since the last bull run, and the whole ecosystem has evolved substantially in this period. New players are stepping in and...
Group of Seven Report Says That Libra Launch Should Be Halted Until Risks Are Addressed Adequately
18.10.2019
The Group of Seven has brought Facebook’s Libra project under the spotlight once again, and to the social media giant’s horror, the news is certainly not welcoming. “Facebook should not launch the global digital currency Libra until proper regulations are in place to handle the potential risks,”...
Facebook Warns that China May ‘Rewire the World’ with the Digital Yuan
18.10.2019
Facebook’s blockchain chief David Marcus has warned Washington that stopping the launch of Libra will open the door for China to steal a key advantage in the world of digital currencies.
Marcus stated, per Bloomberg,
“The future in five years, if we don’t have a good answer, is basically China...
G7 Task Force Releases Full Report on Impact of Global Stablecoins
18.10.2019
Stablecoins could present a significant risk to global financial stability but hold promise for payment systems, says G7 report
Nearly 75% of German Consumers Would Reject Facebook’s Libra: Survey
18.10.2019
According to one recent survey, nearly 75 percent of German consumers completely reject the idea of Facebook’s Libra as currency
Facebook’s Libra Just Got Its First Major Supporter in Congress
17.10.2019
Bucking a trend, Sen. Mike Rounds (R-S.D.) wrote a letter praising Libra as a technological advance that he feels is needed
US Senator Finds Negative Reactions to Facebook’s Libra ‘Puzzling’
17.10.2019
A U.S. Senator expresses support for Libra in a letter to Libra Associate member Anchorage Trust
What Facebook CEO Mark Zuckerberg Said in His Defense of ‘Free Expression’
17.10.2019
No mention of Libra
What Does Skepticism for Libra Say About Bitcoin?
17.10.2019
The potential loss of Libra could be Bitcoin’s gain
French Finance Minister Warns He ‘Cannot Countenance’ Facebook’s Libra
17.10.2019
France: government minister attacks Facebook’s Libra once again
France’s Le Maire Attacks Facebook’s ‘Political’ Ambitions With Libra
17.10.2019
The French finance minister has said Libra is an "unacceptable" challenge to state sovereignty and suggested political motives behind the project
Fed Governor Warns: Facebook’s Libra Users Lack Clear Rights
17.10.2019
The Fed’s Lael Brainard warns that Libra users’ rights with respect to the token’s underlying assets and the system overall remain unclear
Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound
17.10.2019
Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live
Swiss Federal Council Continues to Monitor Stablecoins and Blockchain
16.10.2019
The Swiss Federal Council is keeping close tabs on global stablecoin projects and their possible opportunities and challenges
Bitcoin Is Totally Different Than Libra: Calibra Head David Marcus
16.10.2019
The head of Facebook’s Calibra, David Marcus, says he is a big fan of Bitcoin, but it is totally different than Libra
Calibra Head: Libra ‘Absolutely Not’ in Jeopardy Without PayPal, Visa
16.10.2019
Libra is “absolutely not” in jeopardy after seven firms including PayPal and Visa have dropped out of the project, says the head of Calibra
G20 Informed Stablecoins Could Pose Financial Stability Risk
16.10.2019
The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef...
Libra Could Merge With China’s Crypto in Taiwan, Says Foxconn Founder
16.10.2019
Foxconn’s founder and the richest man of Taiwan, Terry Gou, wants the island nation to embrace the ambitious Libra digital currency project of Facebook. In his latest speech, Gou has said that unlike other governments that have skeptically approached the Libra project, Taiwan could welcome it...