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David Marcus, head of Facebook's Calibra (digital wallet service), testifies before a Senate Banking.

Facebook open to currency-pegged stablecoins for Libra project

21 October 2019, 7:00 AM

David Marcus, who heads the Libra project for Facebook, told a banking seminar the stablecoins group’s main goal remained to create a more efficient payments system.

Shadow of a 3D-printed Facebook Libra cryptocurrency logo is seen near cryptocurrency representation.

Visa, Mastercard reconsider backing Facebook’s Libra

2 October 2019, 5:32 AM

The financial backers to Libra did not want to attract regulatory scrutiny and declined Facebook’s requests to publicly support the project, according to WSJ.

Launch of Facebook’s Libra could be delayed over regulatory concerns: executive

29 September 2019, 7:09 AM

The launch of Facebook’s Libra could be pushed back to tackle the regulatory concerns that have been raised around the world, the head of the organization set up to oversee the cryptocurrency told Reuters.

David Marcus, head of Facebook’s libra project, is expected to tell a US Senate committee today that Facebook will not launch its digital ­currency until all concerns from ­regulators have been ­addressed

Facebook vows Libra currency will wait for approval as US airs worries

16 July 2019, 5:40 AM

Facebook Inc said it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed.

Representations of virtual currency are displayed in front of the Libra logo in this illustration picture.

Facebook’s Libra coin likely to run a regulatory gauntlet

29 June 2019, 7:05 AM

Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.

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