Tag: libra

Reuters: Facebook Met British Authorities Prior to Libra’s Official Announcement

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Facebook reportedly met British authorities and regulatory officials three times prior to publicly announcing the Libra stablecoin project. Facebook reportedly met British authorities and regulatory officials three times prior to publicly announcing plans for the Libra stablecoin project. As Reuters reported on Sept. 18, this spring Facebook had several appointments with officials at Britain’s finance […]

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German Gov’t Approves New Plan to Block Private ‘Parallel Currencies’

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Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty. Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty. Reuters reported on Sept. 18 that Chancellor Angela Merkel’s cabinet passed the strategy earlier today, […]

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German Finance Minister Says Gov’t Must Reject Facebook’s Libra Coin

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German Finance Minister says that policymakers cannot accept “parallel currencies” like Facebook’s proposed Libra and must reject them clearly. German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook’s proposed Libra stablecoin. Prevent stablecoins from becoming alternative currencies As reported by Reuters, on Sept. 17, German Vice Chancellor and Finance […]

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ECB Official: Stablecoins Pose Risks to Public Policy Priorities

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Benoit Coeure of the European Central Bank argued that stablecoins like Facebook’s not-yet-released Libra coin pose risks to public policy priorities. A board member of the European Central Bank (ECB) has argued that stablecoins like Facebook’s long-awaited Libra coin pose risks to public policy priorities. ECB board member Benoit Coeure delivered his comments on stablecoins’ […]

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PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real

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PayPal representatives have said they remain cautious about the future of Facebook’s Libra, yet they continue to strongly believe in its potential. PayPal representatives have said they remain cautious about the future of Facebook’s planned stablecoin Libra, according to a Sept. 14 report from Agence France Press (AFP). PayPal investor relations vice president Gabrielle Rabinovitch […]

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Crypto News From Asia: Sept. 9–15

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From Cointelegraph Japan: This week’s selected cryptocurrency and blockchain news. In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, government and industry officials secured important appointments, while new data shows the popularity of cryptocurrencies and their favored uses in Japan and China.  Expert: Bitcoin is most commonly used for remittances in China On […]

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Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

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Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network. Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN). Two years in operation Launched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform […]

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