Tag: libra

Cryptocurrency

Regulatory pressure forced Facebook to change plans for Libra crypto project

By Walter Blackmore Mar 04, 2020

Facebook is changing its plans for the Libra cryptocurrency project after months of tough regulatory and political pressure. The social …

Cryptocurrency

Shopify joins Facebook cryptocurrency project

By Billie Heaton Feb 23, 2020

Shopify, a Canadian company, joined the Libra association, created to launch the cryptocurrency of the same name. On 21st of …

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In the US, they proposed to recognize Facebook cryptocurrency as a security

By John Martin Nov 22, 2019

Members of the American House of Representatives have prepared a bill designed to protect users of “managed stablecoins”. Members of …

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Libra poses a serious threat to WeChat and Alipay

By Anthony Roper Oct 25, 2019

Representatives of Tencent said that Libra could be a serious threat to Alipay and WeChat from the Alibaba Group. If …

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Facebook may be blocked in Russia due to “uncontrolled” cryptocurrency

By Doris Stephens Oct 19, 2019

This was stated by Dmitry Peskov the special representative of the Russian President for information technology. The Russian President’s Special …

Cryptocurrency

EU plans to ban Facebook cryptocurrency

By Mellisa Moore Oct 19, 2019

France, Italy and Germany are preparing measures to block Facebook’s Libra cryptocurrency. This was announced by French Minister of Economy …

Cryptocurrency

Visa and MasterCard will not participate in the launch of Facebook cryptocurrency

By Corinne Scott Oct 12, 2019

eBay Stripe and Mercado Pago also left the project. The international payment systems Visa and MasterCard refused to participate in …

Cryptocurrency

Bank of England named the conditions on which Libra will be accepted

By Anthony Roper Oct 09, 2019

The Bank of England’s Financial Policy Committee has published a report describing the conditions that a Facebook cryptocurrency project must …

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European Commission sends questionnaire to Facebook and Libra Association

By Rachal Coburn Oct 08, 2019

The European Commission sent a questionnaire regarding the Libra cryptocurrency to Facebook and the Libra Association – European authorities asked …

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PayPal on the verge of exiting the Libra cryptocurrency project

By Edward Metz Oct 04, 2019

PayPal is on the verge of quitting the Facebook Libra cryptocurrency launch project. On Thursday, representatives of the payment service …

Cryptocurrency

Visa and Mastercard opt out of Facebook cryptocurrency development funding

By Doris Gould Oct 02, 2019

The reason why Visa and Mastercard may refuse to invest in Libra cryptocurrency, presumably, was a sharp criticism of these …

Cryptocurrency

Facebook is trying to persuade European regulators to allow digital currency Libra

By Amanda Thomas Sep 27, 2019

France and Germany have already promised that they will not let cryptocurrency Libra into Europe. The Libra Association, which is …

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The head of the Japan’s Central Bank called for careful regulation when implementing the cryptocurrency Libra

By Joyce Radtke Sep 25, 2019

Haruhiko Kuroda, head of the Japan’s Central Bank, believes that introducing a virtual currency like Libra, which Facebook creates, will …

Cryptocurrency

Facebook Libra cryptocurrency will be backed by real money

By Doris Stephens Sep 23, 2019

The Libra cryptocurrency will be backed by real money, Facebook representatives said. Information about this was published by Der Spiegel …

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Facebook buys Servicefriend – the chatbots developer

By Jesus Hicks Sep 22, 2019

Facebook acquired Israeli chatbot developer Servicefriend. The company plans to use the technologies of the project for its electronic wallet …

Cryptocurrency

Facebook has not abandoned plans to launch cryptocurrency in 2020

By Iluminada Richey Sep 21, 2019

The American company Facebook will not postpone the launch of the Libra cryptocurrency, despite pressure from several governments, said project …