News Articles on {?keyword?} | ABS-CBN News

Global watchdogs agree rules for stablecoins like Facebook's Libra

Huw Jones, Reuters
Posted at Oct 13 08:55 AM

Central banks set out to regulate cross-border stablecoins like Facebook's planned Libra with a common approach on Tuesday, saying more rules may later be needed to ensure stability. Read more »

Facebook creates unit devoted to financial services

Agence France-Presse
Posted at Aug 11 10:35 AM

Facebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform. Read more »

US central bank unveils alternative to Facebook's Libra

Agence France-Presse
Posted at Aug 07 09:19 AM

Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserve on Thursday revealed details of its own instant payments system. Read more »

Google, Gates Foundation join digital payments initiative

Agence France-Presse
Posted at May 07 06:43 AM

A new nonprofit charity unveiled plans Wednesday to promote digital payments for people outside the financial system, with support from Google and the Bill & Melinda Gates Foundation. Read more »

Zuckerberg calls Libra coin a key for American leadership

Rob Lever, Agence France-Presse
Posted at Oct 23 07:42 AM

Facebook's proposed digital coin Libra would "extend America's financial leadership" while helping cash-strapped people around the world, chief executive Mark Zuckerberg said in remarks prepared for delivery to lawmakers released Tuesday.   Read more »

G20 kicks off debate to regulate 'stablecoins' in hit to Facebook's Libra

Leika Kihara, Reuters
Posted at Oct 19 10:43 AM

Group of 20 finance leaders on Friday agreed to set strict regulations on cryptocurrencies such as Facebook's Libra, warning that issuance of such "stablecoins" should not be allowed until various global risks they pose have been addressed. Read more »

G7 countries seeking common stance on Facebook's Libra

Antonio Rodriguez, Agence France-Presse
Posted at Oct 18 07:44 AM

Facebook's controversial plans for a new digital currency will again come under scrutiny of finance officials from Group of Seven economies Thursday, who worry it undermines their hold over the global financial system. Read more »

More companies back away from Facebook's Libra coin

Glenn Chapman, Agence France-Presse
Posted at Oct 12 09:12 AM

Credit card giants Visa and Mastercard, online marketplace eBay and digital payments firm Stripe each announced they had changed their minds about being founding members of the Libra Association assembled to promote the digital currency. Read more »

Libra partners reconsider as governments grumble: report

Agence France-Presse
Posted at Oct 02 09:16 AM

Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts as regulators unleash ire on the project, according to a report Tuesday. Read more »

Telegram plans to offer ‘Gram’ crypto coin

Nathaniel Popper, The New York Times
Posted at Aug 28 08:52 AM

Telegram has told investors that it is planning to send out the first batches of its coin, the Gram, within the next two months, according to three investors who have spoken with Telegram recently. Read more »

Facebook's Libra currency under fire

Kevin Trublet, Agence France-Presse
Posted at Jul 14 10:59 AM

Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces skepticism among the wider cryptocurrency community as well. Read more »

US Fed calls for Facebook to halt Libra project until concerns addressed

Pete Schroeder and Trevor Hunnicutt, Reuters
Updated as of Jul 11 08:04 AM

WASHINGTON - US Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed, comments that pressured the project and dented the price of the original cryptocurrency bitcoin.   Read more »

Bitcoin seen to sustain rally as Facebook unveils own cryptocurrency

ABS-CBN News
Posted at Jun 26 04:00 PM

Bitcoin is set for a big rally after Facebook's announcement that it would launch its own cryptocurrency, a local fintech startup said on Wednesday.  Read more »