Bank of England wants to explore use cases for digital currency
The U.K. central bank has teamed up with five other central banks to research CBDC use cases.
Latest stablecoin News
Facebook Libra faces fresh opposition in Australia, Switzerland
Facebook’s troubled Libra stablecoin is no closer to launching, after running into fresh opposition from regulators worldwide.
Facebook Libra has ‘failed,’ says Swiss ex-president
Ueli Maurer said Facebook’s Libra project has failed to win the support of central banks.
Facebook Libra board member slams lack of ‘solid strategy’ for launch
Patrick Ellis of the Libra Association saying there was a lack of strategy around how and where the cryptocurrency will launch.
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.
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.