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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Mark Zuckerberg gets Waters-boarded at House hearing on Facebook’s Libra
While drawing praise and condemnation for the stablecoin project, the social media giant’s CEO waved the flag and attacked China
Mark Zuckerberg is a proud American. And Facebook, despite being used by 2.7 billion people around the globe, is first and foremost an American company with American values.
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Think your Thanksgiving family dinners are awkward? This is a "family photo" taken at the G20 summit earlier this year in Japan (via G20.org).With stablecoin ban, G20 deals Facebook’s Libra ambitions another blow
Unanimous decision effectively halts the social media giant’s goal of creating an international digital currency by 2020
The G20 dealt Facebook’s Libra cryptocurrency ambitions another blow on October 18, agreeing to a ban stablecoins until global regulations are in place.
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Overwrought vs. overhyped: From France and America, dueling views of digital currencies
Whether issued privately by Facebook’s or publicly by a central bank, digital currencies bring strong opinions and flights of rhetoric
Flights of rhetoric surrounding Facebook’s Libra stablecoin and other digital currencies has reached impressive heights at times. But former U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo took it beyond the stratosphere in an October 15 editorial, comparing the launch of an American central bank-backed digital currency to the Apollo 11 mission.
