Indian Authorities Express Concerns Over Facebook’s Libra

Indian authorities expressed concerns over Facebook’s long-awaited stablecoin Libra. India’s authorities have expressed concern over Facebook’s forthcoming stablecoin Libra, Bloomberg reported on July 8. Subhash Garg, Economic Affairs Secretary at India’s Ministry of Finance, told Bloomberg that the “design of the Facebook currency has not been fully explained. But whatever it is, it would be […]

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Singapore Central Bank: Concerns Over Facebook’s Libra ‘Not Trivial’

Singapore’s central bank has said libra could help make payments cheaper, but warned Facebook needs to provide more information about how it will work. Singapore’s central bank has held discussions with Facebook about its upcoming libra cryptocurrency, Bloomberg reported on June 27. Ravi Menon, the managing director of the Monetary Authority of Singapore, reportedly acknowledged libra’s potential benefits […]

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Report: Facebook’s Calibra Digital Wallet Will Not Be Available in Its Largest Markets

A spokesperson for Calibra, Facebook’s new digital wallet, says it will not be available in U.S.-sanctioned countries, or those that have banned cryptocurrencies. Facebook’s Calibra digital wallet will not be available in some of the social network’s largest markets, including India, according to a TechCrunch report on June 19. A spokesperson told the website: “The libra blockchain will be […]

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