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Fed Chair Says Libra 'Cannot Go Forward' Until Facebook Addresses Concerns

Fed Chairman Jerome Powell said Facebook should not be allowed to launch its Libra cryptocurrency until the company details how it will handle a number of regulatory concerns.

Fed Chair Jerome Powell (House Financial Services Committee)

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Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project

The Winklevoss twins might mend fences with Mark Zuckerberg through the Libra cryptocurrency project.

winklevoss twins

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Facebook Says It Won't Launch Crypto in India Due to Regulatory Issues

Facebook reportedly said that current regulatory restrictions mean it has "no plans" to launch its digital wallet service and crypto in India.

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Facebook to Senators: Libra Crypto Will Respect Privacy

Facebook's David Marcus told lawmakers its new libra cryptocurrency will not store or share personal financial information – with a few caveats.

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

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Facebook Libra Threat Could Spur Work on China's National Digital Currency: PBoC Official

China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.

Credit: Shutterstock

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Korean Watchdog Warns of Financial Stability Risk From Facebook's Libra

Facebook's Libra cryptocurrency project threatens the stability of financial systems, according to South Korea's Financial Services Commission.

Facebook Libra

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Facebook's Libra Is a 'Wake-Up Call' for Regulators, Says ECB Policymaker

Benoit Coeure of the European Central Bank has said projects like Facebook's Libra require faster action from regulators.

ECB building

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Facebook's Libra Lacks Foundational Components for Crypto Key Security

After a review of documentation for the Libra protocol and its planned ecosystem, Steven Sprague believes Facebook left out key security components.

keys, security

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Libra Isn't a Cryptocurrency. It's a Glimpse of a New Asset Class

Noelle Acheson argues that Libra is not a cryptocurrency, it’s a security. That in itself is a huge innovation, and perhaps a glimpse of what is yet to come.

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Billion-Dollar Returns: The Upside of Facebook's Libra Cryptocurrency

If Libra achieves even modest adoption, the payoff for Facebook and its partners could be in the billions.

Libra_banknotes_Facebook_Shutterstock