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Facebook Is Inviting Washington to Regulate Libra — Good Luck With That
By not being classified as a bank, Facebook is able to avoid some of the rules that other banks have to follow.
- Categories
- Finance, Technology
- Region
- North America
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Facebook’s Digital Money Plan Raises Stakes For China’s Cryptocurrency Ambitions
Facebook hopes to roll out Libra in the first half of 2020, presenting the most significant competition to China's cryptocurrency ambitions.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Ripple Takes Fright at Congressional Pushback on Digital Currencies
In the face of a Congressional onslaught against Facebook and its putative digital currency Libra, Ripple chiefs Brad Garlinghouse and Chris Larsen have penned an open letter to lawmakers urging them not to paint all fiat alternatives with the same brush.
- Categories
- Finance, Technology
- Region
- North America
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Facebook’s Libra May Target Latin America First
“Latin America is going to be on of the easiest markets for Facebook to test Libra,” said Anouk Pinchetti, a digital currency consultant, adding that Facebook may choose a Latin American country as its first expansion market. “Western Union is viewed as too costly for remittances and there is great proximity to the U.S. and Silicon Valley.”
- Categories
- Finance
- Region
- Latin America
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Does Facebook Need A Humanitarian Partner For Its New Digital Currency?
Libra, according to its website, wants to "reinvent" money by making a financial transaction as cheap and simple as "sending a text message or sharing a photo."
- Categories
- Finance, Technology
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G7 Urges Tough Libra Regulation, Agrees to Tax Digital Giants
In a summary of the informal G7 talks in Chantilly, north of Paris, the French presidency said the ministers and governors had agreed that “stablecoins and other various new products currently being developed, including projects with global and potentially systemic footprint such as Libra, raise serious regulatory and systemic concerns”.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
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Zimbabwe Banned the US Dollar From Being Used so Local Bitcoin Demand Is Soaring Again
Bitcoin is back on the radar in Zimbabwe as the country’s economy continues to struggle.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency
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What Facebucks Can Do for the Global Poor
Global, open, instant, and low cost: It sounds undeniably great. The status quo, while global, is hardly open, instant, or low cost. Still, Libra faces major challenges in becoming a preeminent financial tool of the global poor.
- Categories
- Finance, Technology
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