Facebook Libra

After Mastercard and Paypal, Vodafone Groups exits from Facebook's Libra project

Backers including financial companies Paypal Holdings Inc and Mastercard Inc also exited Libra project.

Swiss president says Facebook's Libra has failed in current form, needs reworking

Facebook Libra is to be backed by a reserve of assets such as bank deposits and government debt.

Facebook, Google, Amazon and other Big Tech could be forced to share data on fintech services customers

The FSB said players including Microsoft, Amazon, eBay, Baidu, Apple, Facebook and Tencent, have massive databases, while some offer asset management, payments and lending.

China's digital currency will not seek full control of individuals' transaction details, says central bank official

China is preparing to be the first country to roll out a digitised domestic currency, a development that is being closely watched by the world's financial services industries

Twitter CEO Jack Dorsey says 'hell no' to joining Facebook's Libra cryptocurrency program

Dorsey says Libra is "not consistent with what I personally believe and what I want our company to stand for.”

Facebook CEO Mark Zuckerberg testifies before congress, admits Libra is a 'risky project'

Facebook CEO was questioned on election interference, free speech, hate groups and fake news.

Facebook CEO Mark Zuckerberg will testify before Congress today for Libra

Zuckerberg’s prepared statement was released before his hearing about Facebook’s Libra cryptocurrency.

Facebook is open to use a stablecoin instead of a synthetic unit for Libra

Facebook is open to looking at alternative approaches for the currency token it would use, says project head.

Libra shouldn't be launched until the international risks it poses are addressed: G7 nations

Amid sharp regulatory scrutiny, the 21 firms backing Libra pledged to forge ahead with the project.

Facebook executive expects financial backers despite of big companies leaving

Facebook’s ambitious efforts to establish a global digital currency have suffered severe setbacks in recent days.