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Monday, February 17, 2020

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FACEBOOK LIBRA NEWS

Facebook's Libra project fails to get regulatory consent in Switzerland

December 29, 2019 2:04 pm

The president of Switzerland has said that Facebook's Libra project has failed in its current form and needs reworking to be approved.

Despite defections, Facebook officially launches Libra

October 16, 2019 11:34 am

The Libra Association, the nonprofit that will govern the currency, officially signed on 21 charter members on Monday at the organization's inaugural meeting in Geneva. Originally the Libra Association had 27 potential members, but several companies dropped out in recent days, including Visa, Mastercard and PayPal.

Facebook warns investors that its Libra cryptocurrency might not launch ever

July 30, 2019 3:23 pm

Facebook has acknowledged that Libra, its cyrpto-currency, which it plans to launch by 2020 in partnership with 27 other organisation, might never really see the light of day given the intense regulatory scrutiny

Swiss data watchdog awaits details on Facebook crypto plan

July 24, 2019 7:32 pm

The Swiss data privacy authority said it was expecting Facebook Libra to conduct an impact assessment of data protection risks associated with the cryptocurrency, evaluate risks and propose measures to minimize them.

Facebook's Libra Crypto Coin: 5 things we know, and 5 we don't

June 23, 2019 2:33 pm

Facebook Inc. unveiled plans for a new cryptocurrency called Libra this week. Here are five things we know, and five we don't.

I tried using Facebook’s Libra blockchain. It didn’t work.

June 21, 2019 5:51 pm

Libra’s documentation is a monstrosity, a 12-page white paper accompanied by 96 pages of technical detail. The papers are far from expository.

Facebook cryptocurrency: what it aims to be, why it has led to concern

June 20, 2019 12:12 pm

While this signals Facebook’s plans to expand into the digital currency market, it has also raised privacy concerns.

Facebook's Sandberg says Libra coin is 'long way from launch'

June 20, 2019 11:39 am

Facebook Libra cryptocurrency: “Regulators have concerns,” Sheryl Sandberg acknowledged Wednesday in an interview with Bloomberg TV. “We’re already meeting with them. We know we have a lot of work to do."