Tag: Libra

Mastercard CEO Explains Why His Firm Left Libra
Blockchain

Mastercard CEO Explains Why His Firm Left Libra

On February 3rd, 2020, Mastercard CEO Ajay Banga detailed precisely why Mastercard left Libra. Ultimately, concerns over compliance, revenue generation, and a lack of decentralization led Mastercard to abandon Libra. Why Did Mastercard Drop Out of Libra? Ajay Banga has served as Mastercard’s CEO since 2010. In June of 2019 — the same month Facebook…

Swiss President: Facebook’s Libra has “Failed”
Blockchain

Swiss President: Facebook’s Libra has “Failed”

In a recent interview, Ueli Maurer — the president of Switzerland — expressed his discontent with the developing Facebook-led digital asset, Libra. Maurer says the project, at least in its current form, has failed for a number of reasons. Libra’s ‘Failure’ According to the Swiss President Explained Ueli Maurer is currently the president of the…

Cryptocurrency Act of 2020: Congressional Prep for Libra — or More?
Blockchain, Business

Cryptocurrency Act of 2020: Congressional Prep for Libra — or More?

Members of United States (U.S.) Congress are currently drafting a new bill clarifying digital asset regulation. The Cryptocurrency Act of 2020, if approved, will identify three types of digital assets along with their corresponding agencies responsible for regulation. Is Congress preparing to regulate Libra, or something more? U.S. Congress and Digital Asset Regulation in 2019…

US Congressman: Facebook’s Libra will be Regulated as a Security
Blockchain

US Congressman: Facebook’s Libra will be Regulated as a Security

During a recent podcast, United States Congressman Warren Davidson (R-OH) shared his thoughts on Facebook’s developing stablecoin, Libra. Ultimately, Davidson says Libra should be regulated as a security, but he also claimed Facebook would be better off with Bitcoin altogether. Will Facebook’s Stablecoin Libra be Regulated as a Security? Congressman Davidson is one of the…

Zuckerberg Hesitant to Announce a Launch Date for Facebook’s Libra
Blockchain

Zuckerberg Hesitant to Announce a Launch Date for Facebook’s Libra

Earlier this month, Facebook’s Libra was said to launch sometime in 2020. Yet recently, Facebook CEO Mark Zuckerberg has remained hesitant when asked if the 2020 launch date is still part of Libra’s timeline. When will Facebook’s Cryptocurrency Libra Launch? Facebook’s developing— and controversial— cryptocurrency Libra was officially announced back in June. Still however, a…

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