Libra


Markets

It's Too Soon to Write Libra's Crypto Obituary

The recent spate of bad news for Libra isn't necessarily a death knell for the project, writes Mike J. Casey.

eu libra

Markets

Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7

A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.

bitcoin image

Markets

Facebook’s Libra Just Got Its First Major Supporter in Congress

Bucking a trend, Sen. Mike Rounds (R-S.D.) wrote a letter praising Libra as a technological advance that he feels is needed.

Mike Rounds

Finance

Libra Shows Central Banks' Failure on Cross-Border Payments: Riksbank

A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP.

krona-sverige

Markets

France's Le Maire Attacks Facebook's 'Political' Ambitions With Libra

The French finance minister has said Libra is an "unacceptable" challenge to state sovereignty and suggested political motives behind the project.

Bruno Le Maire French Finance Minister

Markets

Fed Governor Brainard Identifies Libra Threat, Says Regulatory Hurdles Abound

Federal Reserve governor Lael Brainard delivered a sharp critique of Libra, which would need to resolve many regulatory hurdles before going live.

(Getty Images)

Markets

Libra Plays Down Troubles, Anticipates 100 Members by Launch

The Libra Association has said the project is undeterred by recent setbacks and expects to sign up 100 partners before it goes live.

Libra 2

Markets

Libra Is 'Catalytic Event' for Central Banks, Says Head of Sweden's Riksbank

Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money.

Stefan Ingves Swedish CB

Markets

Facebook-Led Libra Forms Governing Council After Big-Name Departures

At a charter signing in Geneva on Monday, the Libra Association locked in 21 members of its governing council.

Mark Zuckerberg