libra

It’s time to turn the charm up a notch.

Announcement was made by Dr Sumera Shams on Twitter

Prospect of stablecoin being used by billions of people has galvanised central banks into putting together rules

Central banks set out to regulate cross-border stablecoins like Facebook’s planned Libra with a common approach

The G20’s Financial Stability Board set out 10 recommendations for an international approach to regulating stablecoins

Concerns from regulators and politicians over privacy to its potential to influence monetary policy

'The goal of Libra is to build a global payment system rather than a currency'

Says it would not launch without approval from regulators

Facebook unveiled Libra in June as part of its push into e-commerce and global payments

Says it will forgo further participation in group, focus on its own core businesses

And would instead focus on its own core businesses

The panel’s plans were first reported by The Information technology news website

As International outcry mounts over Facebook’s upstart cryptocurrency

The latest watchdog to voice concerns about the social network’s move into financial services

After meeting the government officials in Switzerland that Facebook has said will regulate it

The announcement sparked fears of the unintended consequences of a loosely supervised global currency

As it expands to e-commerce and digital payments

Facebook is fighting to get Washington on its side after it shocked regulators and lawmakers with its plans for Libra

The lawmakers were the latest to criticize Facebook's digital coin plan unveiled last month with two dozen partners

“Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability"

The biggest cryptocurrency has gained over 45 per cent since Facebook laid out plans last month for its Libra coin

Libra could lead to an entirely new global financial system intended to rival the dollar

On Wednesday, the cryptocurrency rose up to $13,879

The company will face unprecedented regulatory scrutiny over a new digital currency

Investors cheered prospects that Facebook Libra token could push cryptocurrencies into the mainstream

If Facebook's new cryptocurrency should resonate anywhere it should be India

An effort to expand into digital payments that immediately raised privacy concerns