The Swiss Federal Council continues to monitor new digital technology developments such as blockchain, stablecoins and distributed ledger technology.
Libra News
Libra is a global digital cryptocurrency created by the Facebook team and governed by Libra Association, independent, non-profit membership organization. The founding members of the association include Mastercard, PayPal, Visa, Booking Holdings, eBay, Facebook, Uber, Spotify, Vodafone, Coinbase, Xapo, and other well-known companies. Libra blockchain is using the Move programming language and the Byzantine Fault Tolerant (BFT) consensus. Each Libra unit will be provided with several currencies, bank deposits, and securities, which will form the Libra Reserve. This will provide low volatility. However, the token would not be tied with any fiat currency. Users will be able to send coins with Calibra wallet, as a single app or as a built-in extension in WhatsApp and Messenger.
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by Helen Partz
Calibra head David Marcus says he is a big fan of Bitcoin, but it is totally different to Libra.
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by Helen Partz
Recent departures including PayPal and Visa does not mean Facebook’s Libra currency project is over, reassured Calibra head David Marcus.
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by Joeri Cant
RBC analysts believe that China’s digital currency might become the dominant digital currency if U.S. regulators dismiss Facebook's Libra coin.
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Firms like Facebook should be involved in projects like stablecoin Libra, according to Bank of England governor Mark Carney.
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United States Rep. Warren Davidson has said that Facebook adding Bitcoin to its Calibra wallet would be a “way better idea” than creating its new currency, Libr...
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The head of Sweden’s Riksbank has characterized Libra as “an incredibly important catalytic event” that is spurring central banks to ready themselves for digita...
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by Aaron Wood
The Libra Association has formed a five-member board and set ground rules for its governance today at a meeting in Switzerland.
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Leading online travel company Booking Holdings has ditched the Libra Association, a non-profit Facebook established to pursue the promotion of its Libra stablec...
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U.S. Treasury Secretary Mnuchin said that firms are abandoning Libra due to its current inability to meet Anti-Money Laundering standards.
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by Helen Partz
Coinbase CEO Brian Armstrong says the U.S. Senate’s action to pressure Libra participants is “very un-American.”
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by Joeri Cant
Mayor companies, Visa, EBay, Stripe and Mastercard are abandoning Facebook’s cryptocurrency project Libra amid increased regulatory pressure.
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by Joeri Cant
Founder of the OpenLibra project Lucas Geiger reportedly misrepresentes some of the organizations involved in the project.
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by Jack Martin
Facebook in court over Libra trademark infringement, with the plaintiff alleging that Libra’s three waves logo is a recycled design.
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by Helen Partz
Facebook CEO Mark Zuckerberg will testify before the House of Representatives Financial Services Committee on Oct. 23 regarding Libra.
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