Stablecoin

Libra

Facebook’s Libra taps ex-HSBC exec as CFO of payments unit

Another former HSBC executive is heading into the Facebook-backed Libra cryptocurrency project, joining as chief financial officer of a unit tasked with handling the projected digi...

Libra

G7 vows to fight ransomware attacks; say stablecoin needs regulation

Fiscal leaders of this world’s seven biggest economies on Tuesday pledged to fight rising ransomware strikes amid the COVID-19 pandemic, also said no stablecoin surgery shoul...

Libra

G7 draft: Facebook’s Libra must not start until properly regulated

Financial leaders of this world’s seven largest economies will state on Tuesday that they oppose the launch of Facebook’s Libra stablecoin before it’s properly re...

Libra

EU nations call for cryptocurrency curbs to protect consumers

Germany, France, Italy, Spain and the Netherlands called on the European Commission to draw up regulation for asset-backed cryptocurrencies to protect consumers and maintain state ...

Crypto

Bank of England says regulators must stay ahead of stablecoins

Financial regulators need to avoid playing catch up with electronic payment methods such as stablecoins and crypto-assets, the Bank of England’s new Governor Andrew Bailey ha...

Libra

Facebook’s Libra cryptocurrency gets revamp in response to backlash

Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory...

Libra

G20 sets ground rules ahead of Facebook’s Libra stablecoin

The world’s leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook’s planned Libra stablecoin from undermining financial stabi...

Libra

Global financial watchdogs take aim at Big Tech’s data dominance

LONDON (Reuters) – Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technolog...

Libra

European Union agrees tough line on digital currencies

BRUSSELS (Reuters) – Private digital currencies like Facebook’s Libra should not be allowed in the European Union until the risks they could pose are clearly addressed,...

Crypto

Crypto backed by crypto: Dai seeks to change ‘stablecoin’ game

LONDON (Reuters) – Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset – it’s backed by another cryp...