Facebook’s Libra Association adds crypto prime broker Tagomi

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Shopify joins Facebook’s cryptocurrency Libra Association

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US regulators need to catch up with Europe on fintech innovation 

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No Libra-style digital currencies without rules, say EU finance ministers

European Union finance ministers have agreed to a de facto ban on the launch in the region of so-called global “stablecoins” such as Facebook’s planned Libra digital currency until the bloc has a common approach to regulation that can mitigate the risks posed by the technology. In a joint statement, the European Council and Commission […]

Facebook’s Libra code chugs along ignoring regulatory deadlock

“5 months and growing strong” the Libra Association announced today in a post about its technical infrastructure that completely omits the fierce regulatory backlash to its cryptocurrency. Forty wallets, tools and block explorers plus 1,700 GitHub commits have how now been built on its blockchain testnet that’s seen 51,000 mock transactions in the past two […]

Libra’s critics are missing the forest for the trees

But Facebook is probably not the right actor to spearhead this initiative Nik Milanovic 8 hours Nik Milanovic Contributor Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. More posts by this contributor What money should be The Third Age of credit […]

Lowlights from Zuckerberg’s Libra testimony in Congress

‘I don’t control Libra” was the central theme of Facebook’s CEO’s testimony today in Congress. The House Of Representatives unleashed critiques of his approach to cryptocurrency, privacy, encryption, and running a giant corporation during almost five hours of hearings. Zuckerberg tried to assuage their fears while stoking concerns that if Facebook doesn’t build Libra, then […]

Libra claims 180 potential replacements for 7 mutineers

Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed interest in joining the Libra project — 180 of those meet eligibility requirements to become members, which could replace the seven companies that dropped out of the Association this month, including […]

Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into their Libra […]

Pegging Libra to just the $ could soothe regulators, a16z says

What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook -led cryptocurrency Libra has caused major partners — including Visa, Mastercard, PayPal and eBay — to pull out of the Libra Association. But one of the remaining members has floated a major change to the […]