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News

Chinese official voices digital coin plans

More details have emerged around China's plans to issue its own digital coin following a lecture given by a senior official at the central bank.

06 September 2019

News

Tensions surface between Facebook and Libra backers over regulatory pushback

The regulatory pushback on Facebook's digital currency project Libra appears to be putting the frighteners on some of its commercial partners, with several companies currently considering their positions, according to the FT.

23 August 2019

News/regulation

Facebook's Libra faces anti-trust review by EU watchdogs

Competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook's digital currency project Libra.

21 August 2019

News

Data protection watchdogs round on Libra

The UK's data protection watchdog has joined with other privacy regulators around the world in calling for more openness about Facebook's proposed Libra digital currency and infrastructure.

05 August 2019

News

Ripple takes fright at Congressional pushback on digital currencies

In the face of a Congressional onslaught against facebook and its putative digital currency Libra, Ripple chiefs Brad Garlinghouse and Chris Larsen have penned an open letter to lawmakers urging them not to paint all fiat alternatives with the same brush.

29 July 2019

News

Facebook seeks to placate lawmakers over Libra but Mnuchin raises "serious concerns"

Facebook's Libra chief is bidding to sooth lawmakers' concerns over the digital currency, promising that it won't be launched until it has received regulatory approvals and that it will not compete with sovereign currencies o enter the monetary policy arena. The charm offensive comes as Treasury Secretary Steve Mnuchin expresses "very serious concerns" that Libra could be misused by terrorists.

15 July 2019

Company announcement/payments

EToro creates portfolio of Libra backers for retail investors

eToro, the multi-asset investment platform, today announces the launch of its latest portfolio, offering investors the opportunity to take a stake in the companies involved in Facebook’s Libra project.

11 July 2019

Company announcement/regulation

MAS replies to Parliamentary question on regulation of Facebook's Libra

Miss Cheryl Chan Wei Ling, MP, Fengshan SMC. Question: To ask the Minister for Finance in light of Facebook's plans to introduce the Libra cryptocurrency, whether the Ministry will consider introducing regulatory changes to manage a potential shake-up in the banking system and to protect the public from the perspectives of market competitiveness and data privacy.

09 July 2019

News/payments

As Facebook's Libra looms, Deutsche Bank analyst hails cash's privacy

With Facebook's Libra project sparking a new feverish round of debate on the pros and cons of digital payments, a Deutsche Bank analyst is making the case for old fashioned cash on the grounds of privacy.

04 July 2019

News

Congress sends cease and desist plea to Facebook over crypto plans

Congressional lawmakers have called on Facebook to cease work on its proposed cryptocurrency, citing the social media giant's recent travails over privacy issues as a glaring threat to the functioning of the world economy.

03 July 2019

News/security

Cybercrooks look to cash in on Facebook's digital currency

Cyber-scammers are scrambling to take advantage of Facebook's upcoming digital currency and wallet, registering domains related to Libra and Calibra in the hope of drawing in unsuspecting victims investigating the projects, say security researchers.

03 July 2019

News

Facebook could move into credit - Calibra wallet chief

Facebook's digital currency and wallet could be just the beginning of a new assault on financial services by the tech giant, a senior exec says.

27 June 2019