Libra Association News and Articles


David Marcus

David Marcus vows to move forward with Libra and add members

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David Marcus, who is a chief executive of Libra currency, said he doesn’t think that companies, which have left the project, have a fault. He is optimistic that various other corporations are going to join the project despite the enormous opposition from regulating institutions that are fearing...

Mastercard and Visa

MasterCard and Visa are leaving Facebook’s Libra project

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They heard senators' voices. Facebook loses some chief partners, like eBay, Stripe, Visa and MasterCard. Regulators and lawmakers criticised the Libra project, which brought to thought will the project even persist? Before the opening meeting of Libra Association in Geneva, which is planned to be...

Visa MasterCard Stripe

Senators warn Visa, Mastercard, Stripe on Libra membership

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Two Senate Democrats are warning three payment corporations to review their membership in the Libra Association and involvement with the crypto project of the Facebook. Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii are sure that Libra is a threat not only to the worldwide economy...

Libra coin

Sceptics can now bet on Facebook’s Libra launch delays

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After Facebook announced its plans about launching a cryptocurrency, it faced overwhelming scorn. And now everyone is sceptically tuned that the launch will be at the time Facebook has targeted. A crypto-futures exchange CoinFLEX is now offering derivatives that payout based on the likelihood will...

The Libra Association

Facebook Libra payment partners hesitate on cryptocurrency

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Four payment corporations that have already joined to the Libra Association as originating members are hesitating on officially approving the crypto plan. Mastercard, Paypal, Stripe and Visa are troubled about their further contacts with governors, who have doubts about the Libra. Heads of these...

Obstacles of Facebook grow rapidly. Germany is against Libra

Obstacles of Facebook grow rapidly. Germany is against Libra

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Europe’s resistance to Facebook's proposed cryptocurrency grows, as Germany describes its position. After the cabinet approved the government’s blockchain approach, it announced that this technology has fabulous potential but it doesn’t mean that it must be applied for building new private...

Facebook is sure: Central banks have nothing to fear from

Facebook is sure: Central banks have nothing to fear from

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Facebook is trying to defend Libra again. After several authorities announced about their concerns amid Libra currency, Facebook started to make things change. 1/ About monetary sovereignty of Nations vs. Libra:— David Marcus (@davidmarcus) September 16, 2019 The leader of the Libra project,...

Facebook will be questioned by regulators about Libra again

Facebook will be questioned by regulators about Libra again

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Today on 16 September, Global governors are going to investigate Facebook about its Libra currency again. As it was reported, the hearings are amid worries from EU states over the dangers this digital coin can carry to economic resistance all over the world. Regulators from Bank of England, the US...

France is against Libra. It needs a public digital currency

France is against Libra. It needs a public digital currency

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Bruno Le Maire, French Finance Minister, announced on Thursday that Libra coin is going to be prevented in Europe because the currency is too unsafe and endangers sovereignty. Le Maire mentioned at Organization for Economic Cooperation and Development in Paris that Libra is going to raise concerns...

Swiss regulators say Libra needs to get a license

Swiss regulators say Libra needs to get a license

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Switzerland officials stated that for launching its cryptocurrency Facebook is going to be demanded official permission with a granting license contingent on the perils of reserve management being carried wholly by the association and not by coin holders. Finma, the Swiss economic governor,...

Libra is going to be under US money-laundering scrutiny

Libra is going to be under US money-laundering scrutiny

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A senior US official in charge of combating terrorist financing announced on Tuesday, that even if Libra is based in Switzerland, it must comply with American anti-money-laundering standards for surviving. The undersecretary for terrorism and financial intelligence, Sigal Mandelker mentioned during...

Libra will be tied to USD, EUR, JPY, but probably not CNY

Libra will be tied to USD, EUR, JPY, but probably not CNY

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Facebook announced the primary basket of currencies. The corporation declared to US senators that Libra is going to be pegged to US dollar, euro, Singapore dollar, British pound and yen. Mark Warner, Virginia Democratic Senator is warned that China can drive the Libra Association to add yuan in the...

JPMorgan worries that cryptos like Libra may face ‘Gridlock’

JPMorgan worries that cryptos like Libra may face ‘Gridlock’

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As to JPMorgan Chase & Co. stablecoins which are built to bypass the massive changes of BTC and ETH, could break functioning normally in pressure periods. Joshua Younger said leaning on his analysis that the cumulative cost of all existing stablecoins is not surpassing $5 billion, the...

After struggling with Apple Pay, banks prefer to stay on sidelines for the Facebook coin

After struggling with Apple Pay, banks prefer to stay on sidelines for the Facebook coin

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Banks of the US may prefer to stay onside from Facebook’s cryptocurrency. The Libra Association is making conversations with various lenders all over the world for joining their ranks, but the banks are still staying away from this idea after being a witness to a costumers' reaction to Apple Pay...

Governments already diminish Project Libra

Governments already diminish Project Libra

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Mark Zuckerberg wrote about the start of the Libra project in a Facebook post on June 18. People started congratulating Zuckerberg for this new achievement, while governments started diminishing this extremely unexpected project. Maxine Waters, the chair of the US House Financial Services...

Mark Zuckerberg announced the launch of Libra!

Mark Zuckerberg announced the launch of Libra!

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In his post, Mark said that Facebook is cooperating with 27 organizations and together they are launching a non-profit Libra Association and a currency called Libra. The main mission of the Libra is to create a worldwide financial infrastructure that will empower people all around the world said...

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