U.S. lawmakers challenge Facebook over Libra cryptocurrency plan

Facebook's plan to release its own currency, called Libra, has sparked a range of concerns among lawmakers. WSJ’s Paul Vigna explains. Photo: Andrew Harrer/Bloomberg News.....»»

Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted......»»

The challenge posed by Facebook's Libra cryptocurrency likely prodded major central banks to set up a new group to study the potential for issuing their own digital currencies, a former Bank of Japan executive said on Wednesday......»»

Facebook's Libra project has no solid plan yet for how or where it will be launched next year, a member of the board that will oversee the cryptocurrency told Reuters on Thursday......»»

Facebook's Libra project has no solid strategy yet for how or where it will be introduced next year, a board member of the body overseeing the hotly-anticipated cryptocurrency told Reuters on Thursday......»»

Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals......»»

Facebook’s ambitious plan t.....»»

Getty Facebo.....»»

EBay Inc. , Mastercard Inc. , and Stripe said Friday that they were withdrawing from Facebook Inc.'s Libra cryptocurrency project, joining PayPal Holdings Inc., which announced its plan to leave a week earl.....»»

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

Facebook CEO Mark Zuckerberg will defend Libra before U.S. lawmakers later this month......»»

Two Senate Democrats have reportedly urged Visa, Mastercard and Stripe to reconsider their involvement with Facebook's Libra cryptocurrency.....»»

Thirty blockchain companies and nonprofit organizations plan to fork the Facebook-led Libra cryptocurrency to build an open alternative......»»

House lawmakers are ratcheting up pressure on Facebook in an attempt to force chief executive Mark Zuckerberg to testify in the coming months about his company's plans to launch the Libra cryptocurrency......»»

Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm's cryptocurrency project Libra......»»

Facebook took another beating in Congress on Wednesday as Democratic lawmak.....»»

U.S. lawmakers repeatedly pressed Facebook's top blockchain exec to halt development of the Libra cryptocurrency in Tuesday's hearing......»»

Lawmakers voiced concerns at a Senate hearing on July 16 about Libra, Facebook’s cryptocurrency, stating worries that the company will mishandle user data......»»

Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted......»»

Reuters The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value.  The devaluation comes after US lawmakers grilled Facebook on its pla.....»»