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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.…

Will Facebook Store Data of Libra Cryptocurrency Users

Recently, Facebook came under heavy fire for a massive security breach of its network and personal data pilferage of millions of users. However, in a letter to US senators, the social media giant has assured that it will not be collecting and storing data of…

Facebook Crypto Products Not Coming to World’s Biggest Markets

Contrary to the beliefs of many crypto critics, Facebook’s Libra will not be a Bitcoin killer. In fact the new digital coin from billionaire Zuckerberg et al may not even be available to some of the world’s largest markets. India Still Hates Crypto, Libra Included…

China Issuing Digital Currency ‘Will Drive Bitcoin Adoption’

Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already…

China Fears Facebook Cryptocurrency, Central Bank Wants its Own

Facebook certainly rattled some cages when it announced its own cryptocurrency last month. A number of nations including Russia and China have expressed concern over the rising dominance of US tech and internet giants, especially if they’re aiming to manipulate finances as they currently do…

Cybercriminals register Libra and Calibra-resembling domains; some scams already active

Following the announcement of Facebook’s cryptocurrency Libra and the Calibra wallet, cybercriminals have begun registering ersatz domains resembling the originals, Digital Shadows research shows. The registrations peaked around the announcement date for both Libra and Calibra. Libra saw the registrations multiply on June 18, growing…

India not keen on allowing Facebook’s Libra cryptocurrency

The Indian government is latest to show skepticism toward Facebook’s planned cryptocurrency Libra, according to a Bloomberg report on Monday. “Design of the Facebook currency has not been fully explained. But whatever it is, it would be a private cryptocurrency and that’s not something we…

Bank Of Japan Governor: ‘I Am Afraid That Libra Will Ruin Small Banks’

Asia Crypto Today News The Governor of the Bank of Japan believes that Facebook’s Libra Coin could pose a significant threat to smaller banks. This statement comes as institutions and experts worldwide continue to assess the possible impact of this unique cryptocurrency. As a matter…