Facebook Libra
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Big Banks vs. Big Tech: Are internet giants poised to take over the financial system?The IMF report outlines three potential scenarios for the relationship between big tech and commercial banks; coexistence, complimentary and takeover.EconomyJul 22, 2019
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World finance leaders raise ‘serious regulatory’ concerns over Facebook’s LibraOfficials agree that cryptocurrencies pegged to real currencies will have to meet "the highest standards" of financial regulation.ConsumerJul 18, 2019
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Trump says cryptocurrencies must face banking regulations, ‘not a fan’ of them"If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International," Trump said on Twitter.WorldJul 11, 2019
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Facebook’s digital currency could gain traction in developing worldThe currency, Libra, provides a universal, stable currency that is easily transferrable between persons or businesses without involving setting up an entire payment infrastructure.TechJun 28, 2019
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Facebook unveils cryptocurrency plans for 2 billion users worldwideThe social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use.WorldJun 18, 2019
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