Libra cryptocurrency - updates

Rappler's latest stories on Libra cryptocurrency


Group behind Facebook's Libra coin announces 21 founding members

Oct 15, 2019 - 1:24 PM

Libra initially hopes the number of companies backing it would increase from an initial 28 to 'well over 100.' Instead, the list has shrunk following criticism from regulators.

PayPal abandons Facebook-backed Libra cryptocurrency group

Oct 05, 2019 - 1:23 PM

'We remain supportive of Libra's aspirations and look forward to continued dialogue on ways to work together in the future,' PayPal says

PAYPAL. The logo of online payment company PayPal is pictured during LeWeb 2013 event in Saint-Denis near Paris on December 10, 2013. AFP File photo by Eric Piermont/AFP

Facebook-backed Libra group pledges to 'reassure' regulators

Sep 27, 2019 - 12:32 PM

Governments and officials have raised concerns over how the currency would be regulated, specifically on matters concerning laundering and terrorism financing

Silhouettes are seen beneath a sign of Libra, the cryptocurrency project launched by Facebook during a conference at marketing and communication school CREA in Geneva on September 26, 2019. Photo by Fabrice Coffrini/AFP

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'

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

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

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

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