Libra lost another member as the owner of Priceline, Kayak, and Booking.com, has withdrawn from the association, reported Reuters on 14 October.
Facebook’s Libra lost global payments allies Mastercard and…
PayPal Withdraw from Libra
PayPal has withdrawn from the Libra Association and as a result, other founding members are beginning to show signs of hesitation when it comes to signing on…
BitcoinExchangeGuide reported that European Central Bank president Mario Draghi said cryptocurrency and stablecoins cannot replace fiat money. As for Libra, he said the digital currency has the potential to be…
Financial regulators around the world expressed their concerns that Facebook would use Libra in unlawful activities and transactions.
As a result, the launch date of Facebook Libra is likely to…
Reuters shared a comment made by Bank of Japan Governor Haruhiko Kuroda saying that cooperation among global regulators to set the highest level of a regulatory framework for stablecoins. This…
Jason Kelley, General Manager of blockchain services at IBM, said the global tech giant is ready to work with Facebook on Libra.
The IBM executive told CNBC that the company is…
Facebook’s Libra poses risks to the current global financial ecosystem, said Ravi Menon, head of the Monetary Authority of Singapore (MAS). He suggested that the risks are at a global…
By Nicola Fioravanti on Unsplash
Amidst all the criticisms about Facebook from financial institutions worldwide, a report from Reuters reveals that Facebook did seek regulatory counsel and had discussions with British…
Libra representatives met on September 16 with officials from the European Central Bank (ECB) and other 25 global central banks to discuss and assess the financial stability of Facebook’s ambitious…
Facebook’s Libra has been dealing with an onslaught of criticism lately especially from regulators in the EU. France's Minister of Finance, Bruno Le Maire, recently called on the European Union…