Libra

Libra

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Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO

While Facebook's Libra project was said to have 28 founding partners when unveiled, that isn't quite the case, says Visa CEO Alfred F. Kelly.

(Shutterstock)

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Facebook Libra Hasn't Responded to Information Request: Swiss Watchdog

Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva.

Facebook

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Congress Drew a Fine Line Between Libra and Crypto – That's a First

Lawmakers at last week’s hearings took pains to distinguish Facebook’s Libra from the broader crypto space, showing a new maturity in their approach.

facebook, bitcoin

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UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud

A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users.

UK parliament

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US Treasury Secretary Mnuchin Says G7 in Agreement on Libra, Cryptocurrencies

“There was a clear agreement ... that Libra, in particular, raises some very significant concerns, and cryptocurrencies more broadly," said Mnuchin.

Treasury Secretary Steven Mnuchin

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WATCH: 'Mother of Blockchains' Defends Facebook's Choice of Controversial Swiss Foundation

Joshua Ashley Klayman Kuzar sees Libra as a turning point in the march to mass adoption. "Facebook didn't come to congress," she said. "Congress came to Facebook."

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Consumer Advocates Urge Libra Members to Quit Facebook Crypto

A coalition of consumer advocacy groups urged the Libra Association's 28 member firms to quit the Facebook-led project.

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WATCH: Former CFTC Advisor Sees 'Mistrust' as Libra's Fatal Flaw

Scandal after scandal hasn't done Facebook any favors, says former CTFC advisor Jeff Bandman.

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WATCH: A FinTech Lawyer Breaks Down Libra's Legality

Joel Telpner, chair of the Fintech and Blockchain Practice Group at Sullivan & Worcester LLP, sees Libra's creation as setting a fascinating - and treacherous - precedent.

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WATCH: Lukka CEO Believes in a Future Full of Corporate Tokens

Lukka CEO and investor Jake Benson sees Libra's real value as a guinea pig that will allow regulators to test the limits of crypto.

Lukka CEO Jake Benson image via CoinDesk archives