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Libra

Meta pulls the plug on Novi, the last standing piece of Zuckerberg’s stablecoin dream
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7 July, 2022

Meta pulls the plug on Novi, the last standing piece of Zuckerberg’s stablecoin dream

Novi users will lose all access to the wallet in September as Meta urges them to withdraw their funds, ending...
Diem not impressing Washington even with rebranding efforts: report
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14 September, 2021

Diem not impressing Washington even with rebranding efforts: report

Facebook has faced an uphill task bringing regulators onboard with its Diem payment system, even after pouring millions into lobbying...
David Gerard: The birth pangs of Facebook’s crypto project
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14 January, 2021

David Gerard: The birth pangs of Facebook’s crypto project

A staunch critic of Silicon Valley, writer and journalist David Gerard offers a stinging critique of Facebook’s cryptocurrency project.
US Congress seeks to regulate stablecoins with new STABLE Act
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7 December, 2020

US Congress seeks to regulate stablecoins with new STABLE Act

The STABLE Act seeks to treat stablecoin issuers as banks, requiring them to obtain a banking charter and abide by...
Facebook’s Libra launching in 2021 and Libra Association changes its name
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1 December, 2020

Facebook’s Libra launching in 2021 and Libra Association changes its name

According to three individuals involved in the initiative, Facebook’s digital currency project Libra will launch in 2021–but it will be

Facebook Libra taps ex-OCC exec as lead counsel
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30 November, 2020

Facebook Libra taps ex-OCC exec as lead counsel

The Libra Association has announced Saumya Bhavsar as the general counsel for its payment subsidiary, Libra Networks.
BIS: Regulation could be embedded in stablecoins
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30 November, 2020

BIS: Regulation could be embedded in stablecoins

The Bank for International Settlements (BIS) has said regulation could be embedded into private global stablecoins, such as Facebook’s Libra.
G7: Facebook’s Libra must not launch until it’s properly regulated
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15 October, 2020

G7: Facebook’s Libra must not launch until it’s properly regulated

Financial regulators in the world’s seven biggest economies will continue to oppose the launch of Facebook’s digital currency Libra until...
Libra replaces general counsel with ex-Homeland Security chief
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30 August, 2020

Libra replaces general counsel with ex-Homeland Security chief

Stevan E. Bunnell, former general counsel for the U.S. Department of Homeland Security, has taken up post as Facebook Libra’s...
Libra co-founder spearheads Facebook’s ‘all things payments’ group
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12 August, 2020

Libra co-founder spearheads Facebook’s ‘all things payments’ group

Facebook Financial—to be known internally as F2—aims at making the social media giant a big player in the payments industry.
Facebook Libra announces new name—Novi
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28 May, 2020

Facebook Libra announces new name—Novi

Rebranding Calibra to Novi is Facebook’s latest move in its restructuring of Libra.
Fake Libra scams pose new challenge for Facebook
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15 May, 2020

Fake Libra scams pose new challenge for Facebook

Almost a year after Facebook’s Libra was first announced, the outlook for the stablecoin looks starkly different.