• Shopify helps Facebook’s Libra frontman David Marcus
    Facebook’s Libra frontman, Calibra wallet head David Marcus, finally has something to smile about. (Photo: Wikimedia Commons)
    Alt coins,  Regulation

    Shopify joins Libra, providing badly needed win

    The Libra Association’s long losing streak came to an end today as the global e-commerce firm Shopify announced its membership in the stablecoin project

    February 21, 2020 /

    After a long, painful string of defections, the Libra Association finally has some good news to announce. A new member, retail e-commerce site Shopify, made the $25 million commitment to join on Feb. 21.

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  • Mastercard CEO Ajay Banga Facebook Libra
    There are worse things you can say about a group that wants in to the financial industry than they don't care about anti-money laundering rules. But not many (Photo: Mastercard)
    Alt coins,  Politics,  Regulation

    Mastercard’s chief tosses Facebook’s Libra under the bus

    The credit card firm’s CEO, Ajay Banga, said compliance concerns were the reason he pulled out of Facebook’s stablecoin project

    February 3, 2020 /

    Mastercard CEO Ajay Banga told the Financial Times on Monday that important members of the Libra Association wouldn’t give a firm commitment to follow local laws in all circumstances, including know your client (KYC) and anti-money laundering (AML) regulations.

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  • Martine Paris interviewing Facebook's Kevin Weil at SF Blockchain Week (via @GCODigital).
    Martine Paris interviewing Facebook's Kevin Weil at SF Blockchain Week (via @GCODigital).
    Libra

    Full speed ahead for Calibra, says Facebook’s Kevin Weil | Interview

    Libra’s co-creator on scaling blockchain for financial inclusion

    November 1, 2019 /

    It’s been a pretty intense month for the Libra Association, whose stablecoin has come under intense scrutiny from the U.S. Congress and the G7 over fears of destabilizing the global financial system when it launches next year.

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  • Facebook's chief seems to be losing, for once. (Anthony Quintano via Wikimedia Commons)
    Facebook's chief seems to be losing, for once. (Anthony Quintano via Wikimedia Commons)
    Libra

    Despite being called ‘global threat’, Libra Association launches

    A signing ceremony by the cryptocurrency’s members was overshadowed by dropouts and a report calling stablecoins a threat to the global economy

    October 15, 2019 /

    Facebook’s wounded Libra Association formally voted itself into existence on October 14, electing a board and choosing officers. The ceremony was overshadowed by the loss of seven original members including Mastercard and Visa.

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