Bank of Japan governor says ‘no public demand’ for central bank crypto
Governor Haruhiko Kuroda said there was no reason to issue a central bank digital currency in the current climate.
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Facebook Libra a ‘security’ under US bill, increasing regulatory scrutiny
Known as the Managed Stablecoins are Securities Act of 2019, the bill would mean Libra was subject to the structures of U.S. securities law.
Facebook Libra, like other digital currencies, must comply with rules: Bank of Japan
Speaking about Facebook Libra specifically, Bank of Japan Deputy Governor Masayoshi Amamiya said it was important to bear in mind “the potential global user-base could be enormous.”
Tether attempts to get ‘frivolous’ class-action lawsuit thrown out
Tether doesn’t believe there’s any merit to the accusation that it helped create the “largest bubble in history” and rejects claims that it has manipulated the cryptocurrency market in any way.
Facebook Libra meets fresh challenge from Australian regulators
The Libra Association may have to submit further details about how the asset will operate before Australian regulators will permit a rollout in the country.
Facebook Libra could be responsible for creation of digital euro
The Finnish government also emphasizes in its paper that an EU-wide framework for crypto should be adopted by financial regulators in order to ensure all countries are on the same page.
Facebook Libra gets pounded amid attempts to boost support
Facebook executives are more determined than ever to see the Libra stablecoin participate in a global economic system.
Mark Zuckerberg has tough time proving Libra viable on Capitol Hill
In the House Financial Services Committee hearing, the Facebook founder provided positive accolades for the Libra project in an attempt to win them over, but things ultimately didn’t go as well as he had planned.
Facebook Libra is walking a tightrope—what else is new?
Occupying the majority of regulators’ time in countries around the world, Facebook’s Libra stablecoin doesn’t appear to be getting any closer to finding a viable solution.
Facebook Libra poses money laundering issue as FATF calls stablecoins ‘global risk’
Facebook offering a stablecoin like Libra has really caused regulators to shudder and become fearful that stablecoins could lead to a rise in money-laundering activity.
Keeping up with Facebook and its Libra stablecoin
This week saw Libra bounce back after having lost supporters like Visa, MasterCard, Stripe and more.
Facebook Libra remains positive with boost from Taiwan
This past Monday saw 21 companies, down from the original 28 after several walked away, sign the charter to be founder members of Facebook’s Libra stablecoin project.