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Facebook Libra Is Seeking to Register as a Payment System in Switzerland

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

Category: forexSource: coindeskSep 11th, 2019

Facebook"s Libra seeks Swiss payment system license

Facebook's Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight......»»

Category: topSource: reutersSep 11th, 2019

Switzerland warns Facebook"s Libra it will face extra scrutiny

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......»»

Category: topSource: reutersSep 11th, 2019

Why Facebook’s Libra Cryptocurrency Launch May Never Happen

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

Category: blogSource: valuewalkJul 31st, 2019

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

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

Category: topSource: moneycentralJun 28th, 2019

Central banks will want oversight of Facebook"s Libra: Bank of England"s Carney

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......»»

Category: topSource: reutersJun 21st, 2019

Switzerland Meetings Didn’t Clear US Lawmaker’s Doubts on Facebook’s Libra

A U.S. lawmaker said her concerns with Facebook's Libra crypto project remain after meeting regulators in Switzerland......»»

Category: forexSource: coindeskAug 26th, 2019

Market Extra: Facebook already faces ‘the first real competitor’ to crypto Libra

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

Category: topSource: marketwatchAug 20th, 2019

Ex-CFTC Advisor: Facebook’s Libra Could Be Both Security and Commodity

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

Category: forexSource: coindeskJul 17th, 2019

It’s Not Up to Facebook to Decide What Libra Is, Ex-CFTC Advisor Says

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

Category: forexSource: coindeskJul 17th, 2019

Facebook Is Seeking an Economics Researcher for Its Calibra Wallet

Facebook is continuing to grow the team for its Libra cryptocurrency project with the hiring of a new economics researcher......»»

Category: forexSource: coindeskJul 12th, 2019

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

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.....»»

Category: europeSource: fortuneJun 28th, 2019

Project Syndicate: Facebook’s cryptocurrency would be too big to bail out

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......»»

Category: topSource: marketwatchJun 24th, 2019

Beat the System: Facebook will soon have millions of customers at the Bank of Zuck

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

Category: topSource: marketwatchJun 22nd, 2019

Project Syndicate: Facebook’s cryptocurrency must be stopped

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......»»

Category: topSource: marketwatchJun 20th, 2019

Swiss regulator says in contact with initiators of Facebook"s Libra

Switzerland's financial regulator FINMA said on Tuesday that it is in contact with the "initiators" of Libra, Facebook's planned cyrptocurrency......»»

Category: topSource: reutersJun 18th, 2019

Facebook Registers New Fintech Firm In Switzerland

Authored by Max Boddy via CoinTelegraph.com, Social media giant Facebook has apparently formed a new financial tech firm, Libra Networks L.....»»

Category: blogSource: zerohedgeMay 20th, 2019

Facebook Registers Secretive ‘Libra’ Cryptocurrency Firm in Switzerland

More details emerge about Facebook's secretive crypto firm, Libra......»»

Category: forexSource: coindeskMay 17th, 2019

WSJ: Facebook Looking To Make Cryptocurrency Push

Facebook, Inc. (NASDAQ: FB) has ambitious plans to build out a cryptocurrency-supported payment system and is reaching out to dozens of financial firms and merchants, The Wall Street Journal reported. read more.....»»

Category: blogSource: benzingaMay 3rd, 2019

Swiss watchdog investigates banks over alleged payments system boycott

Switzerland's competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS , to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay ......»»

Category: topSource: reutersNov 15th, 2018

Global Central Banks to Question Facebook-Led Libra Over Financial Risks

The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project......»»

Category: forexSource: coindesk3 hr. 29 min. ago