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Finance

Libra Wanted a Currency, All We Need Are DeFi's Open Payment Rails

Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin.

Via ConsenSys Codefi

Markets

Libra Plus? A New Global Digital Currency Strategy for Facebook

India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra.

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Policy

Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might

Fed Chairman Powell has given financial privacy advocates a glimmer of hope – and hinted at how the U.S. might competitively position a digitized dollar.

Jerome Powell image via Federal Reserve

Policy

FinCEN: Social Media Companies That Tokenize Must Follow the Law

Social networks with crypto aspirations must guard their systems against criminal exploitation, said FinCEN's deputy chief.

Image: Shutterstock

Tech

Libra Vice Chair Not Worried About the Leavers

Libra Vice Chair Dante A. Disparte said some departing Libra partners left the door wide open for an eventual return. They will be welcomed back when they're ready.

Dante Disparte image via CoinDesk video

Policy

Switzerland Softens Tone on Libra After Ex-President Says Project 'Failed'

Switzerland's now-departed president said the project had "failed" in its current form.

Swiss parliament building (Shutterstock)

Markets

ANALYSIS: The Global Game of Coins Heats Up

A new paper from the PBoC says the “top-level” design of its digital currency is complete while AMLD5 in Europe is causing crypto companies to flee.

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Markets

Facebook's Zuckerberg Highlights Digital Commerce, but Not Libra, in 2030 Vision

Mark Zuckerberg said Facebook wants to build commerce tools for small businesses which use the social media giant's apps, but noticeably avoided mentioning the Libra stablecoin project in his 2030 vision.

Mark Zuckerberg image via Shutterstock

Markets

Unlike Libra, Digital Yuan Will Not Need Currency Reserves to Support Value: PBOC Official

PBOC wants to distinguish its own digital currency from rival private initiatives.

pboc

Policy

Facebook's Social Media Platforms May Give Libra Unfair Advantage, Says ECB's Lagarde

Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.

Credit: Shutterstock