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Global watchdogs agree rules for stablecoins like Facebook’s Libra

Existing national rules do not fully cover stablecoins the Financial Stability Board (FSB) said in a statement

EU agrees tough line on digital currencies

In a document presented to finance ministers, the ECB said a public digital currency could be necessary if payments within Europe remained too expensive

WATCH: Zuckerberg reassures US Congress on Facebook’s digital currency plans

Appearing in a suit and tie before the U.S. House of Representatives Financial Services Committee, Zuckerberg said Facebook would not back any move by Libra

Facebook’s Libra won’t be controlled by a single company

Facebook executive David Marcus on Sunday tried to calm the fears of officials threatening to block its proposed digital currency

Facebook’s Libra faces support test

Mastercard and Visa abandoned the Geneva-based Libra Association on Friday, as did eBay, fintech startup Stripe and payments company Mercado Pago

Facebook’s efforts to establish Libra currency suffers severe setback

Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday

Visa, Mastercard reconsider backing Facebook’s Libra

Visa, Mastercard and other key financial partners may reconsider their involvement in Facebook's cryptocurrency, Libra

Launch of Facebook’s Libra could be delayed

'The Libra Association is clearly an association and not a subsidiary of Facebook'

Global regulators to question Facebook’s Libra amid EU concerns

Officials from 26 central banks, including the U.S. Federal Reserve and the Bank of England, will meet with representatives of Libra in Basel on Monday, the FT said, citing officials.

PayPal cautious about future of Libra cryptocurrency

PayPal is cautious about the future of Facebook-backed cryptocurrency Libra, which is slated to debut with the pioneering digital payments firm

Facebook’s Libra seeks Swiss payment system licence

Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday

China says new digital currency will be similar to Facebook’s Libra

China’s proposed new digital currency would bear some similarities to Facebook’s Libra coin and would be able to be used across major payment platforms

Could cryptocurrency dethrone the dollar?

Bank of England governor Mark Carney has suggested that a virtual currency, modeled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market.

Watchdog warns of perils of unregulated cryptocurrencies

ritain’s markets watchdog said on Wednesday that bitcoin and other cryptocurrencies have no intrinsic value and offer consumers few protections

G7 urges tough Libra regulation, agrees to tax digital giants

“We cannot accept private companies issuing their own currencies without democratic control,” Le Maire said.

G7 finance ministers look to rein in tech giants

G7 governments are concerned that decades-old international tax rules have been pushed to the limit by the emergence of Facebook and Apple,

US Senate to grill Facebook over plans for Libra cryptocurrency

Facebook allocated a small fraction of its vast workforce to work on the project, Kevin Weil, who runs product for the Libra initiative, told Reuters

Trump blasts Bitcoin, Facebook’s Libra, demands banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to “become a bank.”

Bank of England Governor speaks up about Facebook’s Libra

Facebook’s proposed Libra digital coin must show it is “rock solid” before it can be allowed to launch, Bank of England Governor Mark Carney said

Bitcoin near two-week highs, fueled by hopes for Facebook’s Libra

Bitcoin touched $12,833 overnight on the Bitstamp exchange BTC=BTSP, its highest since June 27, before pulling back. It was last up 2.2% at $12,560

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