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No Libra style digital currencies without rules, say EU finance ministers

No Libra style digital currencies without rules, say EU finance ministers European Union finance ministers have agreed a defacto ban on the launch in the region of so-called global ‘stablecoins’ such as Facebook’s planned Libra digital currency until the bloc has a common approach to regulation that can mitigate the risks posed […]

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Libra’s critics are missing the forest for the trees

Libra’s critics are missing the forest for the trees Nik Milanovic Contributor Share on Twitter Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. More posts by this contributor Libra’s critics are missing the forest for the trees What […]

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Libra claims 180 potential replacements for 7 mutineers

Libra claims 180 potential replacements for 7 mutineers Attempting to signal its popularity despite high-profile defections from Visa, Stripe, and more, the Facebook-led cryptocurrency Libra Assocation announced that 1,500 organizations have expressed interest in joining the Libra project. 180 of those meet eligibility requirements to become members, which could replace the 7 […]

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Why each Libra member’s mutiny hurts Facebook

Why each Libra member’s mutiny hurts Facebook There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the […]

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Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale

Cryptocurrency’s bad day continues as the SEC blocks Telegram’s .7 billion planned token sale Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s blockchain. […]

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PayPal is the first company to drop out of the Facebook-led Libra Association

PayPal is the first company to drop out of the Facebook-led Libra Association PayPal is the first company to walk away from Facebook’s Libra cryptocurrency. PayPal’s decision to take its ball and go home was first reported by The Wall Street Journal . “PayPal has made the decision to forgo further participation […]

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Facebook has acquired Servicefriend, which builds ‘hybrid’ chatbots, for Calibra customer service

Facebook has acquired Servicefriend, which builds ‘hybrid’ chatbots, for Calibra customer service As Facebook prepares to launch its new cryptocurrency Libra in 2020, it’s putting the pieces in place to help it run. In one of the latest developments, it has acquired Servicefriend, a startup that built bots — chat clients for […]

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Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn

Libra, Facebook’s global digital currency plan, is fuzzy on privacy, watchdogs warn Privacy commissioners from the Americas, Europe, Africa and Australasia have put their names to a joint statement raising concerns about a lack of clarity from Facebook over how data protection safeguards will be baked into its planned cryptocurrency project, Libra. […]

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Facebook’s regulation dodge: Let us, or China will

Facebook’s regulation dodge: Let us, or China will Facebook is leaning on fears of China exporting its authoritarian social values to counter arguments that it should be broken up or slowed down. Its top executives have each claimed that if the U.S. limits its size, blocks its acquisitions, or bans its cryptocurrency, […]

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Daily Crunch: Facebook and Libra go to Washington

Daily Crunch: Facebook and Libra go to Washington The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Highlights from Facebook’s Libra Senate hearing David Marcus, the head […]

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