Libra
Facebook carves out a unit focused on its financial payments businesses
Facebook Financial will handle management and strategy for all payments and money services across the Silicon Valley company’s platform.
Google ties up with Gates Foundation on digital payments for the unbanked, rivaling Facebook Libra
The open source software, Mojaloop, first established by Gates Foundation in 2017, is being tweaked for use by disadvantaged communities.
Facebook-backed Libra returns with new 'stablecoins' linked to single currency like Dollar or Euro
Central bank officials and others have expressed concern about a blow to their sovereignty from Libra coins pegged to a basket of currencies
Facebook-backed Libra back with new 'stablecoins' linked to single currency like Dollar or Euro
Central bank officials and others have expressed concern about a blow to their sovereignty from Libra coins pegged to a basket of currencies
Digital currency cannot be private
Central banks worldwide are looking into the possibility of issuing digital money to prevent the loss of state control over money.
Global use of Libra, other stable coins could curb currency's internationalisation
They could also weaken the effects of capital controls and lead to volatile asset prices.
No way privately-issued digital currencies can be allowed: RBI Gov Das
The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.
Facebook's Libra could come under some existing rules
The watchdog said an assessment of stablecoins found they can potentially offer benefits as well as pose risks.
Facebook open to currency-pegged stablecoins for Libra project
Marcus said he was not suggesting currency-pegged stablecoins were the group’s new preferred option.
Spooked by Libra, EU pledges to regulate digital currencies
Lawmakers had previously considered regulation of cryptocurrencies a marginal issue, until the emergence of talks about launching Libra.