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Facebook’s Libra Loses Mastercard, Visa in Cascade of Exits

Facebook Inc.’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard Inc., Visa Inc., EBay Inc.,...

Facebook’s Libra seeks Swiss payment system license

Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services...

Facebook Posts Lobbying Retainer Amid Cryptocurrency Controversy

Facebook has hired a Washington-based lobbying firm in light of increased Congressional and regulatory pushback the social media network has received due to its...

Facebook’s Libra forcing China to Step up Plans for its Own Cryptocurrency, Says Central Bank Official

Facebook’s plans to create its own cryptocurrency have forced China’s central bank into stepping up research into creating its own digital currency as Libra...

Facebook’s Libra must obey anti-money laundering rules: French central banker

Facebook’s planned global ‘Libra’ cryptocurrency must respect anti-money laundering regulations and it must seek banking licenses if it offers banking services, France’s central bank...

Facebook Plans to Launch ‘GlobalCoin’ Currency in 2020

Facebook is finalising plans to launch its own crypto-currency next year. It is planning to set up a digital payments system in about a...

Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed

Some of the world’s biggest internet messaging companies are hoping to succeed where cryptocurrency start-ups have failed by introducing mainstream consumers to the alternative...

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