Facebook: Libra may never launch
Facebook has admitted that Libra might be a big failure, but it puts the blame on the wrong parties.
Facebook has admitted that Libra might be a big failure, but it puts the blame on the wrong parties.
The social media giant says it is willing to wait as long as it takes regulators to determine the viability of the project, but there is a much simpler alternative.
After a tough round of talks with Congress, Libra isn’t looking too good.
Only a matter of weeks since Facebook published its whitepaper, a number of fake accounts and communications around the stablecoin have sprung up.
Several consumer protection groups feel that the members of Libra might have been bullied into joining by Facebook.
Kenya joins several other countries who have serious concerns over Libra’s ambitions.
Marcus faced opposition from both sides of the aisle as everyone is unclear on what Libra can and can’t do.
David Marcus faced the senate on July 16, and they gave him a very hard time over the future of Libra.
U.S. House of Representatives apparently drafted a new law designed to keep a definite separation between the cryptocurrency and technology spaces.
India, although being Facebook’s biggest user base, has not been very receptive to the social media giants plans.
The worlds of Bitcoin/blockchain and fintech were coming together at the Fintech Week conference in London.
The People’s Bank of China (PBOC) is going to introduce its own digital currency due to the perceived risks Libra poses to China’s financial system, according to news outlet.