Tag: Libra

Facebook’s David Marcus: Libra could use currency-pegged stablecoins

Facebook’s David Marcus says Libra could use “a series of stablecoins” pegged to currencies like the dollar, the euro and sterling.
— Read on www.cnbc.com/2019/10/21/facebooks-david-marcus-libra-could-use-currency-pegged-stablecoins.html

Why Central Bankers Got Serious About Digital Cash: QuickTake – Bloomberg

What central banks once sneered at, they’re now scrambling to master. Back when Bitcoin, the world’s first cryptocurrency, was seen as the province of anarchists and drug dealers, it was easy for the world’s central bankers to keep their distance. That’s changed in a hurry because of Facebook Inc.’s proposal to create its own digital currency, Libra, which is seen by many regulators as a threat to existing monetary regimes. The central banks of China, Sweden, the Bahamas and others have been exp
— Read on www.bloomberg.com/news/articles/2019-10-20/why-central-bankers-got-serious-about-digital-cash-quicktake

Facebook Sees Libra Tied to Dollar, Euro, Yen But Maybe Not Yuan

(Bloomberg) — Facebook Inc. told U.S. senators that the initial basket of currencies that will back its Libra cryptocurrency will likely include the U.S. dollar, euro, yen, British pound and Singapore dollar.The list responds to concerns from Virginia Democratic Senator Mark Warner that China may push
— Read on ca.finance.yahoo.com/news/facebook-sees-libra-tied-dollar-213339030.html

Carney Urges Libra-Like Reserve Currency to End Dollar Dominance – Bloomberg

Mark Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a Libra-like virtual one.
— Read on www.bloomberg.com/news/articles/2019-08-23/carney-urges-libra-like-reserve-currency-to-end-dollar-dominance

Facebook’s Libra coin likely to run a regulatory gauntlet – Reuters

Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.
— Read on www.reuters.com/article/us-facebook-crypto-regulation/facebooks-libra-coin-likely-to-run-a-regulatory-gauntlet-idUSKCN1TT30A

Bank of England to mull access for likes of Facebook’s Libra

The Bank of England is open to letting new payment services such as Facebook’s upcoming Libra hold funds overnight with the central bank, something historically limited to commercial banks. Being part of the plumbing of the financial system could be a benefit to upstarts like Libra.
— Read on ca.finance.yahoo.com/news/bank-england-mull-access-likes-173151364.html