Former PBoC Governor: Libra Would Be Trusted If Run by IMF
Zhou Xiaochuan — the People’s Bank of China’s longest-serving governor — has proposed Libra would be more easily trusted if it were in the hands of the IMF Go to Source Powered by WPeMatico
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Fed Must Launch FedNow Ahead of Facebook’s Libra, Says Gov’t Official
The Federal Reserve should urgently launch its own real-time payments system ahead of Facebook and Wall Street, says FTC Commissioner Go to Source Powered by WPeMatico
David Marcus Says Calibra Is Considering Audits to Prove Data Protections
David Marcus said that Facebook and Calibra have built strong protections from one another in regard to personal data sharing, and is seeking an auditor to prove it Go to Source Powered by WPeMatico
EU Reaffirms Potential Move to Block Facebook’s Cryptocurrency
The European Union will impede the development of Libra if it judges the project to pose excessive risks Go to Source Powered by WPeMatico
The European Central Bank Moves Closer to Issuing a Digital Currency
The European Central Bank is between a rock and a hard place. Keeping up with the current rate of innovation has been a struggle. Sources close to the matter claim the ECB will accelerate its plans to issue a digital currency. Anyone in the world can create a digital currency. Central banks all over the world … Read more
Facebook’s Calibra Exec: Libra Is More Like Email Than PayPal
Libra is an interoperable protocol like email, not a payment service like PayPal, Calibra’s VP of product says Go to Source Powered by WPeMatico
Int’l Regulator: Stablecoin ‘Structure’ Determines If It’s a Security
Some stablecoin implementations are securities, according to international securities regulator IOSCO Go to Source Powered by WPeMatico
23 Central Banks Divulge Their Digital Currency Requirements
Twenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their greatest concerns about implementing them. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain The First … Read more
Why Libra Isn’t Ready and Congress Not Buying Zuckerberg’s Testimony
Facebook should stop pretending it has no control over the Libra Association, accept it, and move on Go to Source Powered by WPeMatico
Expert: US Should Cut Crypto Firms Some Slack to Compete With China
The United States must catch up with China when it comes to central bank digital currency, say analysts Go to Source Powered by WPeMatico
