Libra

US Congress seeks to regulate stablecoins with new STABLE Act
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7 December, 2020

US Congress seeks to regulate stablecoins with new STABLE Act

The STABLE Act seeks to treat stablecoin issuers as banks, requiring them to obtain a banking charter and abide by...
Facebook’s Libra launching in 2021 and Libra Association changes its name
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1 December, 2020

Facebook’s Libra launching in 2021 and Libra Association changes its name

According to three individuals involved in the initiative, Facebook’s digital currency project Libra will launch in 2021–but it will be

Facebook Libra taps ex-OCC exec as lead counsel
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30 November, 2020

Facebook Libra taps ex-OCC exec as lead counsel

The Libra Association has announced Saumya Bhavsar as the general counsel for its payment subsidiary, Libra Networks.
BIS: Regulation could be embedded in stablecoins
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30 November, 2020

BIS: Regulation could be embedded in stablecoins

The Bank for International Settlements (BIS) has said regulation could be embedded into private global stablecoins, such as Facebook’s Libra.
G7: Facebook’s Libra must not launch until it’s properly regulated
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15 October, 2020

G7: Facebook’s Libra must not launch until it’s properly regulated

Financial regulators in the world’s seven biggest economies will continue to oppose the launch of Facebook’s digital currency Libra until...
Libra replaces general counsel with ex-Homeland Security chief
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30 August, 2020

Libra replaces general counsel with ex-Homeland Security chief

Stevan E. Bunnell, former general counsel for the U.S. Department of Homeland Security, has taken up post as Facebook Libra’s...
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