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German Finance Minister: Facebook Shouldn't Be Allowed to Compete With the Euro

“The issuance of a currency does not belong in the hands of a private company," according to Germany's finance minister.

(Bartolomiej Pietrzyk/Shutterstock)

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WATCH: Breaking Down the Libra Hearings

CoinDesk LIVE presents opinions and commentary on Libra's hard road ahead. Join six experts and our own editors for a detailed discussion of the future of Mark Zuckerberg's cryptocurrency.

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Markets

Facebook's Marcus Says He'd Accept 100% of His Pay in Libra

Facebook blockchain exec David Marcus told lawmakers he would be willing to accept 100 percent of his salary in Libra.

Facebook's David Marcus at a Senate banking hearing in July, 2019

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Watch the Facebook Libra Hearing Live

Facebook's hearing in front of the U.S. Senate is live online and we will be running commentary all day.

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Facebook's Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Former CFTC Chairman Gary Gensler believes Facebook's Libra looks – and should be regulated like – a security.

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Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech

U.S. House minority leader Kevin McCarthy has argued for the use of blockchain networks in protecting users' data from "exploitation."

Kevin McCarthy via his FB

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US Treasury Secretary Mnuchin Is 'Not Comfortable' With Facebook's Libra

In a press conference Monday, Mnuchin voiced the Trump administration's concerns with Facebook's Libra and cryptocurrencies like bitcoin.

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What to Expect When Congress Grills Facebook on Cryptocurrency

The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions.

David Marcus is the co-creator of the Facebook-backed libra stablecoin. (CoinDesk archives)

Markets

Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting

Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

Japan finance ministry

Markets

US May Bar Large Tech Firms From Issuing Cryptocurrencies

Lawmakers in the U.S. are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies.

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