Libra

Libra (cryptocurrency) Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook. ... The currency and network do not yet exist, and only rudimentary experimental code has been released. The launch is planned to be in 2020.

Source: en.wikipedia.org

Libra Could Hurt Facebook’s Financing
Libra Could Hurt Facebook’s Financing
October 22, 2019  |  Cryptocurrency

Facebook’s relationship with financial institutions could be threatened if it launches its cryptocurrency Libra without fully addressing concerns over money laundering, The Financial Times (FT)...

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FinCEN Head: FinTech Firms Must Follow AML Laws
FinCEN Head: FinTech Firms Must Follow AML Laws
October 22, 2019  |  AML

The head of the Financial Crimes Enforcement Network (FinCEN) has warned FinTech firms that they must abide by anti-money laundering (AML) laws. “The expectation is...

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Facebook Continues Libra Push Despite Major Setbacks
Facebook Continues Libra Push Despite Major Setbacks
October 21, 2019  |  Cryptocurrency

Libra, Facebook’s cryptocurrency plan, is moving forward despite being “mocked” by regulators and losing key investors like Visa and Mastercard, The New York Times reported on...

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What’s Next In Libra’s Serial Cliffhanger?
What’s Next In Libra’s Serial Cliffhanger?
October 21, 2019  |  Facebook

Fresh off a wave of defections, the Libra Association has claimed an initial 21 members. That’s a start. But the crypto initiative is still missing key...

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Marcus Says Libra Could Be Based On Real Currencies
Marcus Says Libra Could Be Based On Real Currencies
October 20, 2019  |  Cryptocurrency

David Marcus, CEO of Facebook’s wallet service Calibra, said that Libra could use national currency-pegged stablecoins like a dollar stablecoin, rather than the synthetic one...

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JPMC’s Dimon Calls Libra A ‘Neat Idea’ That Will ‘Never Materialize’
JPMC’s Dimon Calls Libra A ‘Neat Idea’ That Will ‘Never Materialize’
October 18, 2019  |  Cryptocurrency

Jamie Dimon, CEO of JPMorgan Chase & Co, said that Facebook’s proposed cryptocurrency, Libra, is “ … a neat idea that’ll never happen,” according to...

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WeWork Woes, AI Views And Gig Economy Pay Top Week’s News
WeWork Woes, AI Views And Gig Economy Pay Top Week’s News
October 18, 2019  |  News

Happy weekend! You might have missed some vital payments and commerce news this busy week, but the PYMNTS Weekender has you covered. We have deep...

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FATF Warns Crypto Could Hamper AML Efforts
FATF Warns Crypto Could Hamper AML Efforts
October 18, 2019  |  Cryptocurrency

The Financial Action Task Force (FATF) said it is worried about “stablecoins,” like Facebook’s Libra, and how they could be used for illicit purposes. The...

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German Finance Minister Says Libra Should Be Stopped
German Finance Minister Says Libra Should Be Stopped
October 18, 2019  |  Cryptocurrency

Olaf Scholz, Germany’s finance minister, reiterated his opposition to Facebook on Friday (Oct. 18), and said that the release of the cryptocurrency should be prevented....

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