Libra
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Private digital currencies such as Facebook’s Libra should not be allowed in the European Union until the risks they could pose are addressed, according to EU finance ministers.
In a…
Read MoreFacebook tells US Congress Libra won’t launch until it has “fully addressed regulatory concerns”
Facebook’s Calibra chief executive David Marcus will face the US Congress today, answering questions over the social media giant’s proposed cryptocurrency launch.
The US government are expected to delve into…
Read MoreUS government could block big tech firms from offering cryptocurrencies
A draft legislation suggests fining tech companies $1 million a day for violating newly proposed restrictions, according to Reuters.
After US Federal Reserve chairman Jerome Powell last week said “serious…
Read MoreFacebook’s cryptocurrency under fire from the Feds
Facebook’s plans to build a digital currency called Libra may be put on hold after US Federal Reserve chairman Jerome Powell on Wednesday said “serious concerns” would need to be…
Read MoreFacebook reveals its Libra cryptocurrency offering free financial services to its 2.4bn users
Facebook has officially announced its own cryptocurrency is due to launch next year, in a move that could potentially be “truly transformative” for the global finance sector. The social media…
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