Facebook"s Libra seeks Swiss payment system license

Swiss supervisor FINMA has received cryptocurrency project Libra's application for a payment system licence, it said on Thursday, after the Geneva-based association announced a major revamp of its planned payments system and oversight by global watchdogs......»»

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.....»»

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

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

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

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

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......»»

Portland Covid-19 General Strike/Facebook An Oregon man said his property manager used the IRS "Get My Payment" website to track whether he had received his stimulus.....»»

Tapestry Charter School in Buffalo filed a lawsuit Friday that seeks $782,439 from the city’s school system. Executive Director Eric Klapper contends that money – most recently a $195,000 payment – was withheld following a February decision by t.....»»

Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin......»»

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 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......»»

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

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

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

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......»»

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

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......»»

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......»»

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