Group behind Facebook's Libra coin announces 21 founding members

The slow march to death for Libra, Facebook’s forthcoming cryptocurrency, continues. Yesterday, a Group of Seven nations task force threw up another hurdle in a report, stating global stablecoins like Libra could potentially wreck the global monetary system and upend financial stability.Read more...

Group behind Facebook's Libra coin announces 21 founding members

The Libra Association, created by Facebook to launch its new cryptocurrency, has announced its 21 founding members after defections by previous supporters including Visa and Mastercard.

Tue 15 Oct 19 from TechXplore

Group behind Facebook's Libra coin push meet in Geneva

The Libra Association, created by Facebook to launch its new cryptocurrency, kicked off its first council meeting in Geneva on Monday, despite defections by previous supporters like Visa and ...

Mon 14 Oct 19 from TechXplore

G20 kicks off debate to regulate 'stablecoins' in hit to Facebook's Libra

Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various ...

Fri 18 Oct 19 from Reuters Technology

G20 agrees stablecoins give rise to 'serious' risks: press release

Group of 20 finance leaders agreed that global stablecoins give rise to a set of "serious" public policy and regulatory risks, a press release from Japan, the group's chair, showed on Friday. ...

Fri 18 Oct 19 from Reuters Technology

Facebook's Libra cryptocurrency should be prevented: German finance minister

German Finance Minister Olaf Scholz on Friday redoubled his criticism of Facebook's plans to launch its Libra cryptocurrency, and said creation of a new world currency should be prevented. ...

Fri 18 Oct 19 from Reuters Technology

'Stablecoins' could hinder efforts to stamp out money laundering: global watchdog

The spread of cryptocurrencies such as Facebook's Libra could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing, a global watchdog ...

Fri 18 Oct 19 from Reuters Technology

Facebook's Libra cryptocurrency faces new hurdle from G7 nations

Facebook's plans to launch its Libra cryptocurrency faced a new hurdle on Thursday when the Group of Seven wealthy nations said such "stablecoins" should not be allowed to launch until the profound ...

Thu 17 Oct 19 from Reuters Technology

No plans to ban Facebook's Libra: ECB's Coeure says

Global financial regulators have no plan to ban Facebook's Libra or other stablecoins, but these digital tokens backed by official currencies will have to meet the highest regulatory standards, ...

Thu 17 Oct 19 from Reuters Technology

Facebook's digital currency dealt another blow

Leaders of the G7 group of the world's biggest economies issue warning about digital coins like Libra.

Sun 13 Oct 19 from BBC Technology

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