Libra - updates

Rappler's latest stories on Libra


France will block development of Facebook Libra cryptocurrency

Sep 12, 2019 - 8:14 PM

France wants to block the development of Libra because it says it threatens the 'monetary sovereignty' of governments

Facebook's Libra currency could undermine European Central Bank – official

Sep 02, 2019 - 8:59 PM

Yves Mersch, a board member at the Frankfurt institution, hopes Europeans don't leave traditional payment solutions for the 'beguiling but treacherous promises of Facebook's siren call'

Privacy watchdogs warn Facebook over Libra currency

Aug 06, 2019 - 12:27 PM

The letter from multiple countries' watchdog agencies asks Facebook to respond to concerns over how it will handle sensitive personal information of Libra users

Swiss privacy watchdog seeks details on Facebook Libra cryptocurrency

Jul 24, 2019 - 3:50 PM

Switzerland's financial watchdog FINMA plans to conduct oversight of the Geneva-based Libra Association

Libra: What consumers need to know about Facebook’s new cryptocurrency

Jul 20, 2019 - 8:00 AM

One concern is that Libra may herald a shift away from traditional government taxes and banking fees to a new international monetary system controlled by corporate entities like Facebook and Uber

Shutterstock photo

Facebook's Libra prospects dim, but cryptocurrencies roll on

Jul 18, 2019 - 12:06 PM

The US government wants the dollar to be the global reserve currency, and will oppose any 'threat to that,' says one analyst

U.S. senators warn of 'trust' gap over Facebook digital currency

Jul 17, 2019 - 9:40 AM

Several senators question whether Facebook can be trusted after a series of missteps on privacy and data protection

Facebook's Libra currency under fire

Jul 15, 2019 - 5:49 AM

Libra, which is widely regarded as a challenger to dominant global player Bitcoin, is expected to launch in the first half of 2020

Trump says cryptocurrency is 'not money'

Jul 12, 2019 - 2:29 PM

'I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,' Trump tweets

U.S. Fed to look 'carefully' at Facebook virtual coin Libra

Jun 26, 2019 - 1:15 PM

Federal Reserve chairman Jerome Powell becomes the latest official to voice concern over the global virtual currency unveiled last week by Facebook

Swiss watchdog 'in contact' with Facebook cryptocurrency backers

Jun 20, 2019 - 7:07 PM

Given Facebook's international reach, global regulators are unlikely to leave supervision of the Libra cryptocurrency entirely to the Swiss

With 'Libra,' Facebook takes on the world of cryptocurrency

Jun 18, 2019 - 5:22 PM

Libra, described as 'a new global currency' set to roll out next year, is being backed by about 25 partners, including nonprofits and firms in financial services and online commerce

The flow in our stars: Yoga for the Libra season

Oct 13, 2018 - 10:30 AM

Libra’s fundamental focus is on partnerships and relationships