• The Bank of International Settlements (BIS) building in Basel Switzerland sure doesn't look like a dreary place to work every day, right? (Photo by Mario Botta via Wiki commons).
    Libra,  Regulation

    Libra Association and major banks grilled on stablecoins

    Stablecoin creator JPMorgan and a consortium of major financial institutions aiming to launch its own payment coin face the Bank for International Settlements

    Facebook once again defended its Libra cryptocurrency, this time in front of a group of central bankers at a conference on the regulation of stablecoins held in Switzerland on September 16.

  • The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    Libra

    Facebook stands firm on 2020 Libra cryptocurrency launch

    Despite heavy resistance, the head of the Libra Association said the group is ‘firmly maintaining’ plans to take its stablecoin live as early as June

    Facebook’s cryptocurrency will launch as early as June 2020, Libra Association head Bertrand Perez told a French newspaper on September 13.

  • French Finance Minister Bruno Le Maire (via the government of France's website).
    Europe,  Libra,  Technology

    Vive the digital euro?

    French Finance Minister Bruno Le Maire and ECB board member Benoît Coeure call for the EU to create its own digital currency

    Shortly after calling for a ban on Facebook’s Libra cryptocurrency, French Finance Minister Bruno Le Maire suggested the European Union should create its own digital currency.