Swiss claim Libra is full of holes
If only there were a funny simile about Swiss and holes
Facebook’s Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent.
Europe needs to avoid Libra's siren call
Best to stuff parsley in your ears
Facebook’s proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy and Europe should ignore its siren call of “treacherous promises” ECB board member Yves Mersch said.
Facebook marks shift in Libra balance
Will comply with regulations after all
Facebook appears to have been reassuring Congress that its new Libra payments will comply with financial regulations.
Libra goes retrograde with the US Federal Reserve
Can’t go forward until meeting objections
US Federal Reserve Chairman Jerome Powell said Facebook’s plan to build a digital currency called Libra “cannot go forward” until serious concerns are addressed.
Libra could kill traditional banks
Top financial advisor warns
Facebook’s jump into cryptocurrencies is another nail in the coffin for traditional banks, according to the CEO of one of the world’s largest independent financial advisory organisations.
Facebook’s Libra expansion worries EU
Libra will turn Facebook into a nation-state – and you can't trust a Libra
Facebook’s Bitcoin rival is already in hot water with EU regulators.