If the project is to be truly global, Facebook may need “literally hundreds, perhaps thousands, of licenses from hundreds of different regulators,” said Sean Park.
Buried in Facebook’s Libra white paper are two sentences hinting the project's ambitions go even further than minting a global currency.
Facebook is seeking a data professional to work on its crypto wallet Calibra, as well as a policy specialist to help with regulatory hurdles.
The buck stops with Zuck in the looming fight between the world's governments and Facebook over Libra.
By CCN Markets: A key Facebook executive has admitted that its Libra cryptocurrency was announced early, amid pushback from regulators. Sheryl Sandberg, the company’s chief operating officer, indicated to Bloomberg TV Wednesday that talks are und...
Appearing on CNBC Thursday, the chair of the U.S. House Financial Services Committee doubled down on her calls for Facebook to halt Libra development.
By CCN Markets: Litecoin (LTC) entered a positive territory on Wednesday while other top cryptocurrencies trended flat as investors became cautious following the introduction of the Facebook token, Libra. The LTC-to-dollar exchange rate established an ...
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney.
Facebook is still working on its responses to the U.S. Senate Banking Committee's questions about the Libra coin.
By CCN Markets: The whitepaper of Libra, a crypto asset created by a non-profit organization in Libra Association led by Facebook has been formally released, disclosing key details of the digital asset and the blockchain protocol that supports it. As s...