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Facebook"s Libra seeks Swiss payment system license

Facebook's Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight......»»

Category: topSource: reutersSep 11th, 2019

As Regulators Stonewall Libra, Facebook Rolls Out New Payment System

As Regulators Stonewall Libra, Facebook Rolls Out New Payment System Authored by Joeri Cant via CoinTelegraph.com, As the Libra stablecoin project continues to face a hostile audience of regulato.....»»

Category: blogSource: zerohedgeNov 13th, 2019

Facebook Faces Real Political Risk From Libra Cryptocurrency

The digital payment system has potential, but it may cause trouble for the social media giantRelated Stocks: FB,.....»»

Category: blogSource: gurufocusSep 30th, 2019

Facebook Libra Is Seeking to Register as a Payment System in Switzerland

The company set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland......»»

Category: forexSource: coindeskSep 11th, 2019

Why Facebook’s Libra Cryptocurrency Launch May Never Happen

Facebook excited the cryptocurrency market last month by announcing plans to launch Libra, its own blockchain-based payment system. Since then, numerous concerns .....»»

Category: blogSource: valuewalkJul 31st, 2019

Will Facebook"s Libra Become the Go-To Payment System Where Banks Fall Short?

Will Facebook"s Libra Become the Go-To Payment System Where Banks Fall Short?.....»»

Category: topSource: moneycentralJun 28th, 2019

Central banks will want oversight of Facebook"s Libra: Bank of England"s Carney

Major central banks and regulators will want oversight of Facebook's proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Bank of England Governor Mark Carney said......»»

Category: topSource: reutersJun 21st, 2019

Swiss president: Facebook"s Libra has "failed" in current form, 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.....»»

Category: blogSource: theflyonthewallDec 30th, 2019

Facebook"s Libra has failed in current form: Swiss president

Facebook's Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent......»»

Category: topSource: reutersDec 27th, 2019

Facebook is launching a pay system across Facebook, Messenger, Instagram, WhatsApp

Facebook Inc. just dove into payment systems with a service across Facebook, Messenger, Instagram, and WhatsAp.....»»

Category: topSource: marketwatchNov 12th, 2019

FTC Commissioner Cites Libra in Support of Fed’s Real-Time Payment System

FTC Commissioner Rohit Chopra cited Libra concerns in his letter supporting the Fed's potential FedNow real-time payments service......»»

Category: forexSource: coindeskNov 8th, 2019

FTC Commissioner Cites Libra In Support of Fed’s Real-Time Payment System

FTC Commissioner Rohit Chopra cited Libra concerns in his letter supporting the Fed's potential FedNow real-time payments service......»»

Category: forexSource: coindeskNov 8th, 2019

Cryptos: Zuckerberg is getting grilled in Washington as bitcoin is getting grilled on Wall Street

Bitcoin prices have quietly been in meltdown mode in recent trade and that trend has accelerated amid testimony on Wednesday from Facebook CEO Inc. Mark Zuckerberg as he attempts to make a case for digital-currency payment platform Libra......»»

Category: topSource: marketwatchOct 23rd, 2019

Zuckerberg to Tell Congress: Libra Can Fix ‘Failing’ Financial System

Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives......»»

Category: forexSource: coindeskOct 22nd, 2019

Factbox: Facebook"s Libra in trouble as firms jump ship

A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans......»»

Category: topSource: reutersOct 14th, 2019

Facebook"s Libra faces support test after payment giants jump ship

Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit......»»

Category: topSource: reutersOct 14th, 2019

Facebook CEO Mark Zuckerberg agrees to testify before Congress on Libra

Lawmakers are scrutinizing Facebook’s planned cryptocurrency and its possible effects on the global financial system.....»»

Category: topSource: washpostOct 9th, 2019

Undeterred, Facebook to press on with Libra launch next year: executive

Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans......»»

Category: topSource: reutersSep 20th, 2019

Facebook’s Mark Zuckerberg seeks to reassure wary lawmakers about Libra, elections in rare D.C. trip

Facebook chief executive Mark Zuckerberg pledged in a private meeting with lawmakers that the company would not launch its controversial digital currency, called Libra, anywhere in the world until it receives approval from regulators in the United States......»»

Category: topSource: washpostSep 19th, 2019

Facebook’s Mark Zuckerberg seeks to reassure wary lawmakers in rare D.C. trip

Facebook chief executive Mark Zuckerberg pledged in a private meeting with lawmakers that the company would not launch its controversial digital currency, called Libra, anywhere in the world until it receives approval from regulators in the United States......»»

Category: topSource: washpostSep 19th, 2019

Facebook Libra Brings ‘Risks and Opportunities’: Swiss Watchdog Chief

FINMA's director has spoken out about the risks of working with a major project like Facebook's Libra, and said there are also potential benefits......»»

Category: forexSource: coindeskSep 12th, 2019