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France to Block Facebook’s Libra in Europe

September 12, 2019

French Finance Minister Bruno Le Maire on Thursday attacked Facebook’s Libra saying that the country would block the development of the digital currency in Europe. The ministry is concerned about Libra’s imp...

FINMA to Strictly Scrutinize Libra for Payment System License

September 12, 2019

Facebook’s crypto initiative is now facing a setback in Switzerland as the Swiss market regulator on Wednesday warned that Libra would face strict scrutiny for its approval, Reuters reported. This came after...

Facebook Seeking FINMA’s Payment System License to Regulate Libra

September 11, 2019

In an attempt to regulate the upcoming digital currency, the Libra Association is planning to receive a payment system license from the Swiss Financial Market Supervisory Authority (FINMA), Reuters reported o...

Facebook to Back Libra with Major Fiats, Might Exclude Chinese Yuan

September 10, 2019

Facebook and it’s Libra Association partners are planning to initially back Libra with fiats including the US dollar, euro, yen, British pound, and the Singapore dollar, Bloomberg reported on Tuesday. The so...

Facebook Strengthens Libra’s Lobby Army with 2 More Hires

September 6, 2019

As Facebook is facing resistance from lawmakers to launch Libra, it has hired two more lobbyists to push for its cryptocurrency in Washington. Citing a lobby disclosure filing, Bloomberg yesterday reported t...

Facebook Hires FS Vector to Lobby for Libra in Washington

August 27, 2019

Social media giant Facebook has hired another lobbying company to pave its way to launch Libra by influencing US lawmakers. According to an O’Dwyer report on Monday, the California-headquartered company reta...

Concerns over Libra Remain After US Lawmakers’ Swiss Rendezvous

August 26, 2019

Congresswoman Maxine Waters (D-CA), chairwoman of the US House of Congress’ Financial Services Committee, announced on Sunday that her concerns over Facebook’s plans to create its Libra cryptocurrency and cor...

Multiple Partners of Libra Association Considering to Back Out

August 23, 2019

Facebook’s cryptocurrency project is facing another roadblock as some of its Libra Association partners are considering to end their alliance amid growing regulatory tension. According to a Financial Times r...

Facebook Hires Former Aide to US Senator to Lobby on Libra

August 6, 2019

Social media giant Facebook has hired Susan Zook, a former aide to US Senator Mike Crapo (R-Idaho), to lobby for its ambitious cryptocurrency project Libra. According to Politico, Zook, founder of Mason Stre...

Monex to Join Facebook’s Libra Association

July 26, 2019

Tokyo-based financial services company Monex Group has applied to join Facebook’s Libra project, Reuters Japan reported on Friday. The announcement was made at the company’s Q2 results meeting by its preside...