A Chinese digital currency is the real threat, not Facebook’s Libra | Kenneth Rogoff

Western governments need to start thinking about their response to currencies they cannot controlThe Facebook chief executive, Mark Zuckerberg, was at least half right when he recently told Congress that there was no US monopoly on regulation of next-g…

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How the wheels came off Facebook’s Libra project

Support for Mark Zuckerberg mission to reshape global finance is slipping away slowly but surely When Facebook announced plans to launch a digital currency earlier this summer, it added a full-blown revolution in global finance to its typically-vaultin…

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Libra: will Facebook’s new currency be stopped in its tracks?

Visa, Mastercard, PayPal and eBay have withdrawn as sponsors – and it may face regulatory problemsPlans for Facebook’s proposed “stablecoin,” Libra, appear to be unravelling with the withdrawal of PayPal, Visa, Mastercard, Stripe, eBay and Mercado Pago…

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Facebook Libra must meet strict standards, warns Bank of England

Digital currency must be subject to measures such as stress tests to gain approval The Bank of England has hardened its stance on Facebook’s Libra digital currency, telling the social media company it must meet its highest standards to get the green li…

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France to block Facebook’s Libra cryptocurrency in Europe

Finance minister says governments’ monetary sovereignty could be at riskFrance has said it will block the development of Facebook’s Libra in Europe, dealing the cryptocurrency a fresh blow. The French finance minister, Bruno Le Maire, said plans for Li…

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