Plans at Meta to introduce virtual coins and lending services to its apps portfolio, despite cryptocurrency project collapse
News libra
Facebook To Close Down Diem Crypto Venture – Report
End of the road for Diem (formerly Libra) digital currency, with sale reported of Diem Association to financial institution
Meta To Pilot Crypto Payments Via Novi Wallet In WhatsApp
Meta's cryptocurrency wallet, Novi, will be integrated into WhatsApp in a pilot, so US users can make crypto payments via the messaging app
Facebook Cryptocurrency Executive David Marcus To Leave
Executive in charge of Meta's cryptocurrency efforts, confirms he is leaving after seven years at the social networking giant
Bank of England Head Warns Cryptocurrencies Are Dangerous
The Governor of the Bank of England continues to express serious concerns about cryptocurrencies, telling MPs they are dangerous
Facebook’s Libra To Launch In January – Report
Libra to launch as early as January, but the Facebook backed cryptocurrency will be scaled back even further after regulatory and political concerns
Facebook Libra Hires Former HSBC Executive
Libra cryptocurrency project still progressing after it confirms it has hired former HSBC executive as chief financial officer
EU Plans To Bring In Crypto-Asset Rules By 2024
Proposed EU rules to be published this month aim to bring crypto-assets into line with existing regulatory framework, but risk stifling innovation
WhatsApp Launches Digital Payments Service
Chat-based payments system, offered first in Brazil, allows users to send money or pay merchants without leaving chat service
Facebook Rethinks Libra Digital Currency Plans – Report
Resistance from regulators around the world prompts Facebook to 'rethink' its plan for its Libra digital currency, it is reported
Swiss President Says Facebook’s Libra Has ‘Failed’...
Facebook's Libra cryptocurrency cannot be approved without changes, says president of Switzerland, where Libra Association has headquarters
Securities Coordinator Recommends Cautious Approach To...
Libra and other globally recognised stablecoins pose 'serious' risks but the right regulatory approach could allow their benefits to be realised, says IOSCO
Facebook’s Mark Zuckerberg Faces Intense Scrutiny From Congress
Zuckerberg goes to Congress to answer questions about Libra, but is tackled about privacy, free speech and political ads
Facebook Considers Alternative Approaches To Libra
Project could use multiple coins pegged to national currencies rather than a single synthetic cryptocurrency, Facebook says, as regulatory pressure mounts
Facebook Announces Libra Board, Amid Departures
Dead man walking? Libra announces board, despite being rocked by pull out by five major payments providers
Financial Firms Quit Facebook’s Cryptocurrency Project
As Visa, Mastercard, eBay, Stripe and Mercado Pago exit the project Libra is left without the backing of a major financial company
PayPal Pulls Out Of Facebook’s Crytocurrency Plans
Online payments provider says it wants to focus on its own core business, as Libra cryptocurrency continues to draw fire from regulators and central bankers
Libra Cryptocurrency Launch ‘May Be Delayed’ Over...
Head of Libra Association says group's priority is to make sure regulators are 'fully on board' and emphasises currency's independence from Facebook
Facebook Meets With Global Regulators Over Libra Concerns
Twenty-six central banks to grill Facebook on plans for Libra cryptocurrency as concern mounts over potential threat to monetary stability
Facebook’s Libra Currency To Face Tough Swiss, US Scrutiny
The Switzerland-based Libra digital currency will face tough US and Swiss scrutiny, officials warn
ECB Warns Of ‘Beguiling’ Siren Call Of Facebook’s...
Libra cryptocurrency could undermine European Central Bank's ability to set monetary policy, and public trust in money itself, bank warns
Initial Backers Of Facebook’s Libra ‘Consider Pulling...
At least three of the Libra Association's initial partners said to be looking to distance themselves from the project amidst harsh regulatory response
EU Regulator Asks Questions About Facebook’s Libra Currency...
Facebook's Libra questions from EU regulator concern use of customer data and anti-competitive issues
China Sovereign Digital Currency ‘Essentially Ready’
China is looking to issue a sovereign crypto-coin that could be used as an alternative to cash
UK Data Protection Watchdog Raises Facebook Libra Concern
Facebook's proposed digital currency faces calls for more information about how user data will be protected
Libra Cryptocurrency Scams Found On Facebook, Instagram
Facebook's own platforms found to be used in scams related to Libra cryptocurrency, adding to regulatory pressure over the controversial plans
France To Approve First Cryptocurrency Firms Under New Rules
France is looking to attract initial coin offerings and other cryptocurrency-related organisations amidst controversy over Facebook's Libra
Facebook Promises Congress It Will Address Libra Cryptocurrency...
Company's comments follow criticism of Libra by US Treasury Secretary and Chairman of Federal Reserve amidst broader scepticism and hostility
Fed Boss Calls On Facebook To Halt Libra Digital Currency
Not so fast Mark. Chief of US Federal Reserve calls on Facebook to halt its Libra digital currency plans
Banks Stay Away From Facebook’s Libra Over Regulatory Risk
Banks also cite their own competing payment projects and past failed digital wallets as reasons to be sceptical of Libra