Facebook Libra

Libra Association’s Crypto Members Remain Unfazed by Regulatory Backlash

Since first being announced in June, Facebook’s proposed Libra cryptocurrency has drawn the ire of lawmakers and regulators worldwide. But, according to sources close the Libra Association, that was to be expected. “We always knew this was something that was going to be hard,” one such source told CoinDesk.

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The Future of Facebook’s Cryptocurrency and Negative Interest Rates

With tons of regulatory uncertainty and reports that some key partners are having second thoughts, will Facebook (NASDAQ: FB) still move forward with its Libra cryptocurrency? And negative interest rates are more prevalent than you might think around the world, but what would happen if they came to the U.S.

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Some of Facebook’s Libra Backers Are Discussing How to Distance Themselves From the Project

In brief: Facebook’s Libra hasn’t even launched and some backers are discussing whether it would be in their best interest to jump ship before they attract unnecessary attention from regulators, who are probing every aspect of the social giant’s business.

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Facebook Might Delay or Cancel Libra Cryptocurrency Launch

Share Facebook’s drive to create its own worldwide cryptocurrency might have hit a brick wall. The company said that Libra’s planned 2020 launch might be delayed – or it might not ever happen at all.

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Facebook’s Audacious Pitch for a Global Cryptocurrency

If you wanted to make a lot of money, quickly, you could not have done much better than to have bought bitcoin in September, 2017. At the time, the cryptocurrency was trading at just under four thousand dollars; three months later, it topped out at more than nineteen thousand dollars.

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For Libra, Regulators Can Learn From the Forex Industry

It’s been barely two months since Libra was first announced but the cryptosphere and much of the wider world has been in near-meltdown ever since. A google search for the cryptocurrency brings up close to 60,000,000 results and, at the time of my writing this piece, 5 articles have been published in last hour covering […]

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The U.S. Needs to Counter Libra With Government Backed Crypto

Never did the expression “beat them at their own game” have more importance than with the Congressional hearings regarding cryptocurrencies. Now is the time for the U.S. government to act by issuing a government-backed cryptocurrency regulated by the Federal Reserve Bank.

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Facebook Libra Update: Regulation Takes Center Stage

Regulators the world over are gearing up to create a framework that could monitor, direct and control the way cryptocurrencies like bitcoin and Facebook’s (FB – Free Report) Libra operate. Cryptocurrencies have been around for a while, but Facebook’s June 18 announcement that Libra would hit markets in 2020 has created the urgency.

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11 Most Interesting Things About Facebook’s Libra Cryptocurrency

Ive blogged a few times about Facebook planning to launch a currency Will Facebook become the worlds central bank? If Facebook launch a cryptocurrency, will US government shut it down? and the fact that most regulators wont like it. In fact, there are already questions being asked in US Gov about their plans, and calls […]

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Bitcoin vs Libra: Here Are the Key Differences Between the Two Cryptocurrencies

(MENAFN – FxPro) Facebook has made headlines of late with its plans to create a cryptocurrency. The social media company has been forced to defend the project on Capitol Hill, amid regulatory concerns around data privacy and potential illegal usage, while the G-7 has warned it poses ‘serious’ legal risks.

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Facebook to Senators: Libra Crypto Will Respect Consumer Privacy

Facebook blockchain lead David Marcus told U.S. lawmakers that the social media giant plagued by privacy scandals won’t have access to personal financial information with its new cryptocurrency.

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US Lawmakers Ask Facebook to Cease Libra Cryptocurrency Development

Sovereign digital currencies could be one likely outcome of super-sovereign creations like Libra. We write to request that Facebook and its partners immediately agree to a moratorium on any movement forward on Libra-its proposed cryptocurrency and Calibra-its proposed digital wallet.

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