EU: Stablecoins Can Only Enter the Market If All Risks Are Resolved
While stable coins are not outright banned, nor are people restricted from using them for payments or investments, they will not be legally represented in...
EU Confirms Its Willingness to Block Libra
Facebook does not have it easy with its Libra project. In a recent statement, the European Union confirmed that it is more than willing to...
FED Pressured to Launch Its FedNow Service Before Libra
Rohit Chopra, a commissioner of the United States Federal Trade Commission, wrote to the Federal Reserve’s Board of Governors stating that the nation’s central banking...
G7 Report: Global Stablecoins Threaten Financial Stability
A G7 report titled ‘To G20 Finance Ministers and Central Bank Governors’ reveals that even if the Libra Association were to comply with all enforced...
Brad Garlinghouse: Libra Will Not Launch Before 2023
As heavy regulatory pressure piles up on Facebook’s Libra cryptocurrency, the future of the project is more uncertain than ever. Last Friday, PayPal sent a...
Twitter Cryptocurrency like Libra Not on the Drawing Board
Renowned Bitcoin maximalist and crypto supporter Jack Dorsey announced that Twitter will not create a Twitter cryptocurrency as Facebook did with Libra. While the successful...
Facebook Cryptocurrency Libra Will Launch as Expected
With the ongoing meetings between the Libra Association and policymakers, combined with hostile statements from nations such as France, the launch of the Facebook cryptocurrency...
ING Crypto Report: Cash Still Viewed as More Trustworthy than Crypto
While market sentiment is equally important for prices, cryptocurrencies also have to be viewed positively by the public. As a financial institution, the Dutch banking...
Facebook Libra Coin Representatives Met with 26 Central Banks
Since announcing its global project, the Facebook coin Libra has been met with unprecedented regulatory scrutiny. Despite some founding members already getting cold feet, the...
Libra Association Looses Support of 3 Founding Members
Facebook falls under heavy pressure as the Libra Association is losing support both externally and internally. Mark Zuckerberg’s futile effort to save the company’s reputation...