Libra

The US Securities and Exchange Commission (SEC) is studying the structure of the Libra digital currency project and intends to determine whether it has the characteristics of a stock exchange traded fund (ETF). It is reported by The Wall Street Journal, citing sources familiar with the situation. In the event that the Commission recognizes Libra as an ETF, Facebook will be forced to get permission from the department […]

Former chairman of the People’s Bank of China (PBoC), Zhou Xiaochuan, believes that the concept of a global digital currency that can be exchanged for Fiat, which was introduced by Facebook, threatens existing cross-border payment systems and may weaken the position of national currencies. He stated this at an event in Beijing, reports the South China Morning Post. In his opinion, the Chinese authorities need to strengthen the national currency […]

US President Donald Trump, who prefers to communicate his thoughts daily via Twitter, spoke for the first time about Bitcoin and Libra's digital currency from Facebook. According to him, their cost is extremely volatile and in general is not supported by anything. I’m not a fan of bitcoin and other cryptocurrencies, it’s highly volatile […]

The founders of Winklevoss Capital and the Gemini Bitcoin Exchange, the Winklevoss brothers, are considering joining the Libra Association consortium. They stated this in a conversation with CoinDesk. “We are definitely looking at this [Facebook initiative] with all seriousness, and we are delighted with the project,” said Cameron Winklevoss. The brothers are confident that the launch of digital tokens by other large companies is only […]

Jerome Powell, chairman of the United States Federal Reserve System (FRS), believes that the Libra Facebook project to create its own digital currency cannot be launched until the world's largest social network answers the “questions of concern to everyone”. Reported by Reuters. Speaking on Wednesday to the US House of Representatives Financial Services Committee, Powell specifically stated: “Libra […]

The head of the blockchain division of Facebook, David Marcus, in his letter to the House of Representatives Financial Services Committee assured the congressmen that the company would make every effort to ensure the security of personal data of users preparing to launch the Libra project. It is reported by The Hill. In particular, Marcus declared his readiness to provide personal guarantees that “in order to do […]