Facebook - News, Articles & Research

Company announcement/devops

Facebook's Libra establishes technical steering committee

On December 16, 2019, the council of the Libra Association voted to establish a Technical Steering Committee (TSC) for the Libra project and elected five members that each contribute a unique perspective and bring valuable domain expertise to the project.

17 January 2020

News

Fed Governor challenges Facebook's Libra project

The Federal Reserve's Lael Brainard has warned Facebook that it will be expected to meet a high threshold of legal and regulatory safeguards before launching its Libra cryptocurrency.

18 December 2019

News/crypto

EU fires Libra warning

In the latest shot across the bow of Facebook's Libra project, European authorities are warning that no global stablecoin systems will be allowed to operate in the EU until legal, regulatory and oversight issues have been addressed.

06 December 2019

News

EToro: Facebook should give up on the idea of launching its own cryptocurrency

If Facebook is to stand any chance of getting its cryptocurrency business off the ground it needs to forget about launching its own virtual coinage and instead use stablecoins issued by regulated third parties, according to a position paper by online brokerage eToro.

28 November 2019

News/payments

Facebook Pay consolidates payments across apps

Facebook is taking on Venmo, Apple Pay and others with a consolidated payments service that works across its main app, Messenger, Instagram and WhatsApp.

12 November 2019

News/inclusion

Zuckerberg to Congress: Libra is needed but Facebook not 'ideal messenger'

Mark Zuckerberg says that a global payments system like Libra "needs to get built" and that the US risks ceding financial leadership to China if it does not take the initiative. However, the Facebook CEO admits that his company is "not the ideal messenger right now".

23 October 2019

News/regulation

Fed governor warns of 'core' regulatory challenges facing Libra

Facebook's Libra project will need to address core legal and regulatory challenges before it can facilitate a single payment, US Federal Reserve governor Lael Brainard has warned.

17 October 2019

Company announcement/payments

Libra Association: moving to a formal governance structure

Today, the 21 initial members of the Libra Association formally signed onto the Libra Association charter, formalized the Libra Association council, elected the Board of Directors, and appointed members of the Libra Association executive team.

16 October 2019

News

Facebook's Libra project stumbles as more members quit

EBay, Stripe, Visa, Mastercard and Mercado Pago have followed PayPal in quitting Facebook's Libra cryptocurrency association, as the pushback from politicians and regulators gathers pace.

14 October 2019

News/regulation

PayPal quits Facebook's Libra project, Visa and Mastercard could follow

Update: Facebook's Libra plans continue to stumble as PayPal quits the digital currency project, with Visa and Mastercard also reconsidering their involvement.

04 October 2019

News

Central banks grill Facebook over cryptocurrency

Facebook has faced a grilling from 26 central banks over the scope and design of its proposed cryptocurrency Libra, amid mounting concern over the threat posed to financial stability and monetary sovereignty.

16 September 2019

News

Finma updates stable coin guidance as Facebook's Libra hovers into view

Facebook's Libra cryptocurrency has applied for guidance on obtaining a payment licence from Swiss regulator Finma, prompting the financial watchdog to update its rulebook on the treatment of stable coin projects.

11 September 2019