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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

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

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

Undeterred, Facebook to press on with Libra launch next year: executive

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......»»

Category: topSource: reutersSep 20th, 2019

Facebook’s Mark Zuckerberg seeks to reassure wary lawmakers about Libra, elections in rare D.C. trip

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......»»

Category: topSource: washpostSep 19th, 2019

Facebook’s Mark Zuckerberg seeks to reassure wary lawmakers in rare D.C. trip

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......»»

Category: topSource: washpostSep 19th, 2019

Facebook Libra Brings ‘Risks and Opportunities’: Swiss Watchdog Chief

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......»»

Category: forexSource: coindeskSep 12th, 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

Facebook’s WhatsApp Seeks Policy Expert to Champion Blockchain in Africa

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

Category: forexSource: coindeskSep 5th, 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

US Lawmakers to Discuss Facebook Libra on Swiss Visit: Report

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

Category: forexSource: coindeskAug 19th, 2019

Facebook Libra Hasn’t Responded to Information Request: Swiss Watchdog

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......»»

Category: forexSource: coindeskJul 24th, 2019

WATCH: ‘Mother of Blockchains’ Defends Facebook’s Choice of Controversial Swiss Foundation

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.".....»»

Category: forexSource: coindeskJul 18th, 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

Swiss group FDPIC says hasn"t heard from Facebook over Libra, CNBC reports

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.....»»

Category: blogSource: theflyonthewallJul 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

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

Swiss Central Banker ‘Relaxed’ About Facebook’s Libra Crypto

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

Category: forexSource: coindeskJun 25th, 2019

Central bankers weigh up Facebook"s Libra plan

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......»»

Category: topSource: reutersJun 25th, 2019