Tag Archives: digital


Libra

No plans to ban Facebook’s Libra: ECB’s Coeure says

10 October, 2019 9:31 pm 9:31 pm

FRANKFURT (Reuters) – Global financial regulators have no plan to ban Facebook’s Libra or other stablecoins, but these digital tokens backed by official currencies will have to meet the highest regulatory standards, European Central Bank director Benoit Coeure said in an interview published on Thursday. His comments provide a rare ray of light for Facebook’s … Read More


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Facebook’s Libra currency abandoned by major financial companies

10 October, 2019 9:00 am 9:00 am

CALIFORNIA (Reuters) – Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks as major payment companies including Mastercard and Visa Inc quit the group behind the project. The two companies announced they would leave the association Friday afternoon, as did EBay Inc, Stripe Inc. and Latin American payments company … Read More


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PayPal becomes first member to exit Facebook’s Libra Association

10 October, 2019 9:43 am 9:43 am

WASHINGTON (Reuters) – US payments processor PayPal Holdings Inc said it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and would instead focus on its own core … Read More