Brazil regulator lifts Facebook ban, WhatsApp payments still suspended
A Brazilian regulator has lifted a ban on WhatsApp payments. However, users still can’t process payments on WhatsApp due to outstanding central bank ban.
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Brazil central bank freezes WhatsApp payments
The system was not analyzed by monetary authorities in advance, and posed risks to the wider payment system in Brazil, central bank says.
Facebook Libra announces new name—Novi
Rebranding Calibra to Novi is Facebook’s latest move in its restructuring of Libra.
Fake Libra scams pose new challenge for Facebook
Almost a year after Facebook’s Libra was first announced, the outlook for the stablecoin looks starkly different.
Google bans legit digital currency company but promotes clone
Google has refused to accept ads from CoinCorner exchange for years, but in a cruel twist, it has been promoting an ad for a clone of the British exchange.
Facebook doubles down on Libra with 50 new hires
The new starts will work from Facebook’s Dublin office for its Calibra payments subsidiary.
Facebook tries to invent PayPal again with Libra II
The Libra project is looking to get things off the ground in a different way, applying for a financial license with the Swiss regulator.
Libra changes white paper to win over regulators
Realizing that a basket of fiat currencies would never please anyone, Libra has now shifted to developing several stablecoins.
G20’s Financial Stability Board warns of Libra-like stablecoin risk
The Financial Stability Board published a list of recommendations in a bid to shape a common global response to regulating stablecoins.
Facebook sues developer behind ‘cloaked’ digital currency, COVID-19 scams
A software developer created an app that allowed companies to circumvent Facebook’s controls against deceptive ads.
Qatari billionaire takes Facebook to court for fake crypto ads
The billionaire businessman has sued Facebook in an Irish court for allowing his face to be used by scammers on its platform who published bogus crypto ads.
European Union regulators weighing options on Facebook Libra
Regulators in the European Union are reportedly struggling to decide how best to regulate Facebook Libra and the wider sector.