Facebook Libra Risks to Financial Stability Demand ‘Highest’ Regulatory Standards, Says G7
The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation......»»
US Treasury to Monitor Libra Over Possible Financial Risks
The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress......»»
Central Banks to Question Facebook-Led Libra Over Financial Risks
The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project......»»
Global Central Banks to Question Facebook-Led Libra Over Financial Risks
The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project......»»
Facebook"s cryptocurrency Libra needs ‘highest regulatory standards," Fed Chair Powell says
Fed Chair Jerome Powell says Facebook's new cryptocurrency project has a "burden of proof to carry.".....»»
G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins
National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says......»»
Bank of England’s Stablecoin Ruling Targets Financial Stability, Exec Says
Financial stability was a key factor in the Bank of England's decision to hold stablecoin payment systems to the same regulatory standards as existing payment chains......»»
Spooked by Libra, EU pledges to regulate digital currencies
The European Union's finance commissioner pledged on Tuesday to propose new rules to regulate virtual currencies, in a reaction to Facebook's plans to introduce Libra, which the EU considers a risk to financial stability......»»
Brussels questions Facebook over Libra risks, FT reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability
The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens financial stability......»»
Facebook Libra, Other Cryptos Must Comply With US Rules: Treasury Official
Facebook's Libra and other cryptocurrencies operating in the U.S. must meet regulatory requirements to tackle financial crimes, the official said......»»
EU looking to see if Facebook"s Libra currency poses competition risks
EU regulators are examining Facebook's proposed Libra cryptocurrency to see if it harms competition, Europe's antitrust regulator said on Wednesday, the latest watchdog to voice concerns about the social network's move into financial services......»»
Early backers of Facebook"s Libra "spooked" by regulatory flap, FT says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Facebook to address regulatory concerns before Libra launch, Reuters reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
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......»»
Libra cryptocurrency will increase financial inclusion
The Libra Association, created in part by Facebook to launch a digital currency, is not in tension with regulatory oversight.....»»
Key Words: Citing ‘massive risks,’ House Democrats ask Facebook to halt its cryptocurrency plans
“The scant information provided about the intent, roles, potential use, and security of the Libra and Calibra exposes the massive scale of the risks and the lack of clear regulatory protections,†the letter read......»»
Bank of England Governor Says Facebook’s Libra Crypto Will Be Scrutinized
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney......»»
Facebook’s Libra Could Meet ‘Highest Standards’ in Regulation: BoE Governor
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney......»»
Facebook slips as analyst moves to sidelines on strategy pivot, regulatory risks
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Needham downgrades Facebook to Hold on strategy pivot, regulatory risks
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»