libra network

Zuckerberg Ready to Wait for ‘However Long It Takes’ to Get Libra Regulators Onboard
July 26th, 2019

Mark Zuckerberg has made it clear that Facebook will not launch its Libra crypto until all the regulators have been brought on board and every regulatory issue resolved satisfactorily.

Huawei’s Founder Joins PBOC in Supporting ‘Chinese Libra’ Creation
July 26th, 2019

The way Libra is designed makes it hard for governments to see who’s paying whom, or to limit cross-border payments. Thus the People’s Bank of China (PBOC) has vowed to create a currency it can manage- likely one that will be linked to real identities.

Will Switzerland Stand Before USA as a Libra Regulator?
July 22nd, 2019

Facebook thinks that Switzerland’s data protection commissioner should oversee Libra’s stated commitment not to monetize users’ data in the way that Facebook makes profit from selling personal information to advertisers.

Facebook’s Libra Already More of a Brand Than Ethereum or XRP: eToro Research
July 22nd, 2019

eToro’s research showed that 16% of people surveyed knew what Libra was, eclipsing awareness of Ethereum (12%) and other cryptos such as Litecoin and XRP which were found to be known by even fewer people.

Meltem Demerors: Facebook’s Libra Is Not a Cryptocurrency
July 18th, 2019

Even though Congress tried to inflict damage on Big Tech in hearings related to user data, antitrust concerns and Facebook’s Libra, it seems it has failed. That leaves Silicon Valley with little incentive to change.

Maxine Waters Now Calls for Zuckerberg to Testify About Libra
July 18th, 2019

Rep. Maxine Waters said she’s planning to call in Facebook CEO Mark Zuckerberg to testify about his company’s new digital currency project Libra. She added that her staff has not made the formal request with Facebook yet, but they plan to do so.

David Marcus: Libra Doesn’t Want to Conquer Dollar, It is Not Investment
July 17th, 2019

Today’s the second day of Libra hearing. Amid questions of safety, compliance and consumer protection, Marcus kept stressing that Libra project would seek proper approval and registrations with the relevant authorities.

‘Keep Big Tech Out of Finance’ Says the Congress
July 14th, 2019

It seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress’s Bill pass – they could face with paying $1K penalties per day. Even though it’s not likely for bill to pass, it presents another obstacle for Facebook’s Libra.

FED Chairman: Facebook’s Libra Cannot Go Forward!
July 11th, 2019

Federal Reserve Chairman Jerome Powell said that Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability, adding that the project “cannot go forward” until Facebook’s answers to regulators’ questions.

China’s National Digital Currency Threatened By Facebook’s Libra Coin: PBoC Official
July 9th, 2019

When the U.S. sneezes the rest of the world catches a cold, and this time around the cold has caught up with China. The technology powerhouse is shivering over the threat that Facebook’s Libra could pose on her national cryptocurrency.