A senior official at the French central bank has said that the onus is on those companies developing stablecoins to ensure that they do so in a responsible manner, as well as reiterating plans for...
The EU is consulting on the definitions and uses of virtual currencies as it looks to further standardise regulatory approaches across the bloc.
The body dedicated to monitoring the stability of the global financial system has urged regulators to monitor closely the impact of technology giants on financial services and cooperate on the...
The European Central Bank (ECB) has thrown its weight behind the creation of a new continent-wide payment system for both retail and e-commerce, warning that reliance on global financial giants...
The European Commission and Council have put the brakes on the deployment of stablecoins in the EU until a consistent and coherent regulatory approach can be decided by authorities.
Facebook chief Mark Zuckerberg told the U.S. Congress on Wednesday that the company would abandon Libra, its planned cryptocurrency-based payments system, if its partners choose to launch the...
The Dutch competition regulator is set to probe the impact of US and Chinese big technology firms on the country’s payments market, hinting at concerns their entry into the Netherlands could...
The Financial Action Task Force (FATF) said on Friday that regulators should subject Libra, Facebook’s mooted global payments platform, to recently introduced standards on crypto-assets.
The head of Facebook’s controversial cryptocurrency project has said “intense” regulatory pressure prompted Visa and Mastercard to withdraw from the Libra Association, on the eve of its inaugural...
Payment service providers are on the front line of the European Commission’s probe into whether Facebook’s cryptocurrency project poses a risk to fair competition in the continent’s financial...
The head of the G7 group analysing the proposed Libra payment system has called for a world in which private currencies exist alongside publicly-backed means of payment.
Representatives of the Libra Association tackled mounting concerns about Facebook’s mooted global payments system during a meeting with 27 central banks in Switzerland on Monday.
Facebook has announced it intends to apply for a payment system licence from the Swiss Financial Market Supervisory Authority (FINMA) to cover Libra, its controversial cryptocurrency project.
U.S. House Financial Services Committee chairperson Maxine Waters has said a meeting with the Swiss officials who will oversee the consortium governing Facebook’s Libra cryptocurrency has failed to...
The closed-network structure of Facebook’s Libra cryptocurrency could be enough to allay lawmakers’ concerns about anti-money laundering (AML) risks, technologists have suggested.
A phalanx of data protection regulators from Europe, the United States and further afield have challenged Facebook on its prospective cryptocurrency project Libra, citing serious potential privacy...

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