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Facebook Set on 2020 Launch for Libra, Despite Regulators’ Pushback

News David Marcus, the head of Calibra at Facebook, has said that a 2020 launch for Libra remains the company’s goal, despite regulators’ intense hostility toward the project. In an interview with Swiss newspaper NZZ on Sept. 20, he said that in the intervening time, the team behind Libra would ne..

US Congress Schedules Sept. 24 Hearing With SEC With Crypto on Agenda

News The United States House of Representatives Committee on Financial Services has scheduled a hearing with Securities and Exchange Commision (SEC) Chairman Jay Clayton and four other SEC commissioners to discuss, among other topics, crypto. In a memorandum from Sept. 19, the Committee on Financi..

Zuckerberg Continues Tour of DC With Unproductive Meeting With Senator

News Facebook CEO Mark Zuckerberg is continuing to meet policymakers in Washington, D.C. to discuss “future internet regulations” — most recently with Senator Josh Hawley. “A frank conversation”On the afternoon of Sept. 19, Sen. Hawley wrote on Twitter: “Just finished meeting with CEO Mark Zuckerb..

Zuckerberg Dines With US Democrats Concerned Over Facebook’s Libra

News Facebook’s Mark Zuckerberg had dinner with a handful of United States lawmakers, where he was met with intense scrutiny of Facebook’s proposed Libra stablecoin project. Zuckerberg grilled by Democratic lawmakersAccording to an article by the Washington Post, on Sept. 19, the Democratic Senato..

Libra Seen as Threat to National Currency Sovereignty, Pleads With G-7

Analysis Public authorities across the globe continue to press the developers of Libra, Facebook’s proposed stablecoin-like digital asset. On Sept. 16, Libra representatives met with the Committee on Payments and Market Infrastructure (CPMI), a part of the Bank for International Settlements (BIS)..

As Libra Battles Critics, Zuckerberg Aims to Win Over US Policymakers

News Facebook’s Mark Zuckerberg is in Washington for meetings with policymakers to discuss internet regulatory matters such as privacy, competition and its handling of political content. As noted in Bloomberg’s Sept. 19 report, the meetings come after a summer of intense scrutiny of Facebook’s pro..

Reuters: Facebook Met British Authorities Prior to Libra’s Official Announcement

News Facebook reportedly met British authorities and regulatory officials three times prior to publicly announcing plans for the Libra stablecoin project. As Reuters reported on Sept. 18, this spring Facebook had several appointments with officials at Britain’s finance ministry, the Financial Cond..

German Gov’t Approves New Plan to Block Private ‘Parallel Currencies’

News Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty. Reuters reported on Sept. 18 that Chancellor Angela Merkel’s cabinet passed the strategy earlier today, in an apparent bid to mitiga..

German Finance Minister Says Gov’t Must Reject Facebook’s Libra Coin

News German Finance Minister Olaf Scholz stated that policymakers cannot accept parallel currencies such as Facebook's proposed Libra stablecoin. Prevent stablecoins from becoming alternative currenciesAs reported by Reuters, on Sept. 17, German Vice Chancellor and Finance Minister Olaf Schol..

PayPal Casts Doubt On Libra: Claims Facebook Crypto Still Needs Work

Many in the crypto community were shocked in June when Facebook unveiled the firms backing Libra — Visa, Mastercard, PayPal, Uber, Spotify, Coinbase, Xapo, and countless other pro-innovation companies and investors. While the marketing material — which showed the Libra emblem enclosed by the logos ..

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