David Gerard: The birth pangs of Facebook’s crypto project
A staunch critic of Silicon Valley, writer and journalist David Gerard offers a stinging critique of Facebook’s cryptocurrency project.
A staunch critic of Silicon Valley, writer and journalist David Gerard offers a stinging critique of Facebook’s cryptocurrency project.
The STABLE Act seeks to treat stablecoin issuers as banks, requiring them to obtain a banking charter and abide by all the current baking regulations.
Facebook will be launching the first Libra-issued digital asset in early 2021, it will be a stablecoin backed 1 to 1 with the US dollar
The Libra Association has announced Saumya Bhavsar as the general counsel for its payment subsidiary, Libra Networks.
The Bank for International Settlements (BIS) has said regulation could be embedded into private global stablecoins, such as Facebook’s Libra.
Financial regulators in the world’s seven biggest economies will continue to oppose the launch of Facebook’s digital currency Libra until proper regulations are in place.
Stevan E. Bunnell, former general counsel for the U.S. Department of Homeland Security, has taken up post as Facebook Libra’s chief legal officer.
Facebook Financial—to be known internally as F2—aims at making the social media giant a big player in the payments industry.
Rebranding Calibra to Novi is Facebook’s latest move in its restructuring of Libra.
Almost a year after Facebook’s Libra was first announced, the outlook for the stablecoin looks starkly different.
The new starts will work from Facebook’s Dublin office for its Calibra payments subsidiary.
The Libra project is looking to get things off the ground in a different way, applying for a financial license with the Swiss regulator.