Articles of Facebook

US legislators consider enacting a bill to classify stable currency as securities

Author: Xiu MU Source: than push More than the news, the US Congress is considering a bill to classify stable currencies whose value is linked to fiat money or other assets. According to the official website of the House Financial Services Committee, Rep. Sylvia Garcia introduced the draft bill to the committee, which plans […]

PayPal can not escape the blockchain "true incense law"

Text / one Source / Muggle Pie (ID: muggle_block) On October 4, 2019, US payment giant PayPal announced its withdrawal from the Libra Association led by Facebook on the grounds that “there is more suspicion about the Libra project or being used for money laundering, and Facebook has not done enough to eliminate these suspicions.” […]

Libra "soft" with the G7

Text: Source of Health : Zero Finance >On October 18th, the Group of Seven ( G7, composed of the United States, Britain, Germany, France, Japan, Italy and Canada ) Stabilization Coin Working Group issued a final report on the global stable currency. The working group that wrote this report is made up of senior officials […]

Taking a step back, Libra is considering launching a series of stable coins.

There are more and more allies in the "going down", and the pressure of supervision is getting bigger and bigger. Libra has to consider changing the way. From the originally proposed plan linked to “a basket of currencies”, and now considering the equivalent of the legal currency equivalent to the US dollar, Libra seems to […]

Libra or a stable currency that anchors a single currency, not a basket of currencies

As Facebook is increasingly questioned by its digital currency project Libra, the company said on Sunday that Libra could use cryptocurrencies based on national currencies such as the US dollar instead of the original basket of currencies. David Marcus, head of the Facebook Libra project, said at a bank seminar recently that the team's main […]

Libra responds to G7 full text: Improving opportunities for cross-border payments

Author: Night Produced: Carbon Chain Value (ID: cc-value) The Libra Association welcomes dialogue with the G7 Working Group and accepts its review. The G7 report highlights a framework that enables Libra to function effectively, an ever-evolving vision. We hope to have the opportunity to continue to participate and expect policymakers to give regulators time and […]

The three social platforms are blocked by the currency: Why is US regulation so strict?

Text / one Source / Muggle On June 5, 2019, the US Securities and Exchange Commission (hereinafter referred to as the SEC) formally sued Kik, a social platform known as "Western WeChat," saying that it illegally issued $100 million of tokens in September 2017; On October 12, the SEC received an emergency restraining order to […]

Viewpoint | Libra on Facebook, why is the voice of support and opposition so strong?

Original title: "Digital currency expert Wang Linwei: Libra on Facebook, why the voices of support and opposition are so strong" China Economic Weekly – Jintai Capital Group reporter Wang Yufei As the wind vane of Silicon Valley, the world's largest social media Facebook (Facebook) has more than 2.3 billion monthly active users. On June 18, […]

Elite club or decentralized organization? A picture reveals the relationship between members of the Libra Association

Compile: Wind Answer Source: Orange Book Editor's Note: The original title is "Zhuangjia Xiaozha" Recently, many founding members of the Libra Association have started to fight against water. Some people say that it may be forced to supervise, but another possibility is that these exiting members are not on the same boat as Facebook. The […]

Libra Association Chief Operating Officer first voiced: Bank members may be added in the future, Libra online time may be adjusted

An executive at the Libra Association, which manages the Facebook cryptocurrency program, said that despite some recent high-profile departures, he "has confidence" that 100 members will join the organization when the Libra digital currency is launched. In a CNBC telephone interview on Tuesday, Bertrand Perez, chief operating officer and interim managing director of the Libra […]