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Mark Zuckerberg has another answer to Bitcoin

Commentary / World Dec 25, 2020

Mark Zuckerberg has another answer to Bitcoin

by Lionel Laurent

As German Finance Minister Olaf Scholz put it, referring to Libra’s name change, "a wolf in sheep’s clothing is still a wolf.”

Facebook weighs Libra revamp to win over reluctant regulators

Business Mar 4, 2020

Facebook weighs Libra revamp to win over reluctant regulators

by Joe Light, Ben Bain and Olga Kharif

Facebook Inc. and its partners are considering re-designing the Libra cryptocurrency project so that the network accepts multiple coins, including those issued by central banks, in an effort to woo reluctant global regulators and rebuild momentum for the plan. When Facebook unveiled Libra, it said ...

The digital money revolution

Commentary / World Nov 17, 2019

The digital money revolution

by Huw Van Steenis

The choice for governments and central banks is whether to stand in front of a train that is gaining steam, or get on board and reap the benefits.

Facebook's Libra digital currency loses its first member: PayPal

Business / Tech Oct 5, 2019

Facebook's Libra digital currency loses its first member: PayPal

U.S. payments processor PayPal said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and ...

Business | FOCUS Jul 19, 2019

Japan to step up study of stable coin regulations following G7 concern over Facebook's Libra project

by Ko Hirano

With the Group of Seven (G7) reaching agreement to push for the highest standards of regulation on Facebook Inc.'s proposed Libra digital currency, Japan plans to step up discussions on how to regulate and oversee the project that could offer faster and cheaper remittances. A ...

Fear of Facebook's Libra cryptocurrency initiative dominates discussion at tense G7 meeting in France

Business Jul 18, 2019

Fear of Facebook's Libra cryptocurrency initiative dominates discussion at tense G7 meeting in France

Fear of Facebook Inc.'s Libra initiative proved to be common ground for global finance chiefs as they met to discuss more contentious issues, from digital taxation to the economic outlook, on Wednesday. "Libra is on everyone's mind," German Finance Minister Olaf Scholz told reporters at ...

Guardians of money bristle at Mark Zuckerberg's new financial order

Business / Financial Markets Jun 24, 2019

Guardians of money bristle at Mark Zuckerberg's new financial order

Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister Bruno Le Maire was already broadcasting his discontent. 'It's out of the question" that the social-media giant's digital money compete with sovereign currencies, Le Maire ...

Editorials Jun 21, 2019

Facebook challenges the global economy

Japan should be concerned about Libra, Facebook's upcoming digital currency.

Facebook reveals plans for Libra cryptocurrency, targeting first half of 2020 for launch

Business Jun 18, 2019

Facebook reveals plans for Libra cryptocurrency, targeting first half of 2020 for launch

Facebook Inc. revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments. Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which ...

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