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Facebook’s Libra Pushed World to Reconsider USD as Global Reserve Currency: WEF

News Major global economists credit Facebook’s Libra with pushing the world to start reconsidering the United States dollar as anchor currency. At a Jan. 23 panel at the annual World Economic Forum (WEF) in Davos, officials and financial experts discussed one of the most important mechanisms in th..

Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”

News At the World Economic Forum panel discussing digital currencies, the conversation topics included Central Bank Digital Currencies (CBDCs). Calibra’s David Marcus highlighted that regardless of the nature of digital currency, these discussions are key to innovate cross-border payments and solv..

Crypto Intiative Libra Loses Yet Another Partner in Telecom Giant Vodafone

In the first half of 2019, Facebook’s digital currency initiative Libra was all anyone could talk about. Even though the details of the venture were not unveiled until June, rumors about the international cryptocurrency quickly spread across the industry, with some even going as far as to suggest t..

Japanese Ex-Central Banker: Libra Spurred Us to Take CBDCs Seriously

News The former head of payments and settlements at the Bank of Japan (BOJ) says Facebook’s Libra galvanized central banks globally to look seriously into digital currency issuance. A Jan. 22 Reuters report cited remarks by Hiromi Yamaoka, who reportedly oversaw the BOJ’s research into digital cur..

Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet

News The Australian Prudential Regulation Authority (APRA) is seeking to oversee stablecoin projects like Facebook's controversial stablecoin Libra. In an official proposal to the Senate published on Jan. 20, APRA submitted a possible regulatory framework dedicated to fintech and regulatory t..

Libra Association Forms Steering Committee to Guide Technical Development

News The Libra Association — the government body of the eponymous stablecoin introduced by Facebook in late 2019 — has formed a new committee to guide the network’s technical development. According to an announcement on Jan. 16, the Libra Association has voted to establish the five-member Technic..

More Bitcoin Scam Ads With Martin Lewis on Instagram — Can We Get a...

Follow up Suspected crypto con artists are once again using the likeness of British financial expert Martin Lewis to defraud unsuspecting victims. In 2019, Lewis settled a defamation suit against Facebook for similar Bitcoin (BTC) scam adverts. Instagram says deceptive advertisements have no place..

US Congress Looks at Role of Crypto and Internet in Funding Hate Crimes

News The House Financial Services Committee has raised concerns over the use of cryptocurrencies to fund domestic terrorism in the United States. In a Jan. 15 hearing, the FSC Subcommittee on National Security, International Development and Monetary Policy has examined how U.S. financial instituti..

Facebook’s Zuckerberg Calls for Digital Community Self-Governance

News Facebook CEO Mark Zuckerberg said the digital world needs oversight, mentioning government regulation as a potential solution but calling community self-governance “another and perhaps even better way.” “One of the big questions for the next decade is: how should we govern the large new digit..

Blockchain Social Media Startup Voice Hires Ex Forbes Exec as CEO

News Ahead of its upcoming public beta launch, decentralized social media platform Voice announced that it hired former Forbes chief digital officer, Salah Zalatimo, as its new CEO, according to a press release, Jan. 9. Zalatimo joined Forbes in 2015 and led a successful digital transformation, re..

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