Libra


Policy

US Lawmaker Calls Libra's Revamp Insufficient

Rep. Sylvia Garcia's comments suggest libra's roots as a Facebook initiative remain a political liability despite the consortium's steps to sate critics.

LIBRA WHO? "There are simply too many questions left unanswered regarding why Facebook is even developing a cryptocurrency," says Rep. Sylvia Garcia. (Credit: Wikimedia Commons)

Markets

Libra vs. DCEP? The Battle for the Future of Money Heats Up

NLW breaks down libra’s new fiat-pegged model, DCEP’s trial app and China’s Blockchain Service Network

Libra vs. DCEP

Finance

Libra Scales Back Global Currency Ambitions in Concession to Regulators

The Facebook-spawned Libra Association has scaled back its original vision of a global digital currency backed by a basket of fiat currencies.

CAPITULATION? U.S. lawmakers grilled Libra board member David Marcus last year. The consortium has overhauled its plans. (Credit: House Financial Services Committee)

Policy

G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins

National regulators need to be prepared for the unique risks posed by global stablecoins, the Financial Stability Board says.

(Shutterstock)

Policy

Private Companies Could Play Role in Digital Currency Issuance, Bank of England Says

Analysts from the U.K.'s central bank said private currencies could work alongside any future CBDC initiative if they offered real utility.

bank of england

Policy

Global Stablecoins May Be Subject to Securities Regulation, Says IOSCO

Global stablecoins may be subject to securities laws, says IOSCO, in a new report that could complicate such projects’ embrace of decentralization.

Credit: Shutterstock

Finance

Libra Wanted a Currency, All We Need Are DeFi's Open Payment Rails

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.

Via ConsenSys Codefi

Markets

Libra Plus? A New Global Digital Currency Strategy for Facebook

India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra.

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Policy

BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies

Researchers at the Bank for International Settlements say the future of payments may be peer to peer, but a number of considerations must be satisfied before distributed ledger-based systems can go mainstream.

“The most transformative option for improving payments is a peer-to-peer arrangement that links payers and payees directly and minimizes the number of intermediaries,” said BIS chief Agustin Carstens (center). (Image: Wikimedia)