Facebook"s Libra seeks Swiss payment system license

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......»»

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......»»

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......»»

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......»»

Facebook's Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws......»»

WhatsApp is looking to hire a blockchain policy expert in Africa as parent company Facebook's Libra project meets regulatory resistance worldwide......»»

Facebook has been scrambling to get its global cryptocurrency payment network called Libra off the ground, but challengers abound......»»

Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week......»»

Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva......»»

Joshua Ashley Klayman Kuzar sees Libra as a turning point in the march to mass adoption. "Facebook didn't come to congress," she said. "Congress came to Facebook.".....»»

Security? Payment token? Utility token? Defining Facebook's Libra won't be easy, and it's not Facebook's call, says Jeff Bandman......»»

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.....»»

Security? Payment token? Utility token? Defining Facebook's Libra won't be easy, and it's not Facebook's call, says Jeff Bandman......»»

In India and Africa, tens of millions live far from banks or use a currency prone to inflation or volatility. Europeans and Americans have their Visa and Mastercard.....»»

A Swiss central banker has suggested that Facebook's cryptocurrency project, Libra, is not ruffling any feathers with the regulator, Reuters reports. .....»»

A senior member of the Swiss National Bank said he was open-minded about Facebook's cryptocurrency project, while an Italian official looked for more information as central bankers try to get to grips with the initiative......»»

After years of disregarding privacy, exploiting user data, and failing to control its platform, Facebook has now unveiled a cryptocurrency and payment system that could take down the entire global economy......»»

The new Libra digital currency will help the social-media company offer financial services......»»

Facebook reportedly has not filed an application with the RBI, which seeks to ban cryptocurrencies......»»

After years of disregarding privacy, exploiting user data, and failing to control its platform, Facebook has now unveiled a cryptocurrency and payment system that could take down the entire global economy......»»