Libra

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FATF: Libra and other stablecoins will prevent the fight against money laundering

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The spread of stablecoins like Facebook's Libra can have serious implications for global efforts to stop money laundering and terrorist financing, said FATF President Xiangming Liu. It is reported by Reuters. “If stable coins become widespread, this may lead to new risks associated with money laundering and the financing of terrorism,” said the head of the Group for the Development of Financial Measures […]

Opinion: the launch of Gram and Libra will not significantly affect the growth of fraudulent schemes

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Russian experts do not share the point of view of the Central Bank of the Russian Federation, which expects a surge in fraud after the launch of digital currencies from Telegram and Facebook. Earlier, a similar idea was expressed by the director of the department for counteracting unfair practices of the Central Bank of the Russian Federation Valery Lyakh. He pointed out that young people interested in investment projects could become the most vulnerable to scammers. “Everything suggests that probably in the near future […]

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Poll: almost 75% of Germans do not support Libra from Facebook

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Only 27% of German residents consider using Facebook's Libra digital currency as a means of payment. This is evidenced by a survey conducted by the Toluna Market Research Institute for Creditplus Bank AG and the local publication WirtschaftsWoche. 73% of the 2,000 people surveyed exclude the possibility of using Libra. Almost half of them do not trust Facebook, and 31% are skeptical […]

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G7: Bitcoin failed as a means of payment and savings

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Bitcoin and other cryptocurrencies have not become a “reliable and attractive” means of payment and savings, but stablecoins have potential. This is stated in the report of the “Big Seven” (G7). g7 by ForkLog on Scribd The group, which includes the United States, Japan, Germany, France, Great Britain, Italy and Canada, has published a report on stable coins. The authors of the document recognized that global stablecoins, although […]

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The Fed is exploring the possibility of issuing a digital dollar

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The US Federal Reserve is actively considering the possibility of issuing digital currency, fearing the dollar will lose its leading position in the global financial system. This was stated by President of the Federal Reserve Bank of Dallas Rob Kaplan, reports CoinDesk. In his opinion, if a foreign government or company issues digital money that will be widely recognized, this could lead to the loss of the world's reserve status by the dollar […]

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Head of the Central Bank of Sweden: Libra forced central banks to reconsider their activities

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Facebook's digital currency Libra has pushed central banks to reform their work. This was stated by the head of the Bank of Sweden Stefan Ingves, noting that the regulator is exploring the possibility of issuing its own digital currency. In a conversation with CNBC, he called Libra “an incredibly important catalyst event,” which made central banks think about their activities. “Part of my work is to produce a product / service under […]

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