Libra news today

Here are some recent news updates about Libra, the digital currency project announced by Facebook in June 2019:

Latest News:

  1. Libra Association expands to 28 members: The Libra Association, the governing body of the Libra project, has added five new members, bringing the total number of members to 28. The new members include Mastercard, Visa, Stripe, PayU, and Farfetch. (Source: Coindesk)
  2. Libra's e-money license application rejected in Switzerland: The Swiss Financial Market Supervisory Authority (FINMA) has rejected Libra's application for an e-money license, citing concerns over the project's compliance with anti-money laundering and terrorist financing regulations. (Source: The Block)
  3. Libra's cryptocurrency to be pegged to a basket of currencies: According to a report by Bloomberg, Libra's cryptocurrency will be pegged to a basket of currencies, including the US dollar, euro, yen, and pound. This move is aimed at reducing the volatility of the cryptocurrency. (Source: Bloomberg)
  4. Libra's launch delayed due to regulatory issues: The launch of Libra has been delayed due to regulatory issues and concerns over the project's compliance with anti-money laundering and terrorist financing regulations. The launch is now expected to take place in the second half of 2021. (Source: Reuters)

Recent Developments:

  1. Libra's whitepaper updated: The Libra Association has updated its whitepaper, which outlines the project's vision, architecture, and technical specifications. The updated whitepaper includes new information on Libra's governance model and its plans for scalability. (Source: Libra Association)
  2. Libra's testnet launched: The Libra Association has launched a testnet for the Libra blockchain, which will allow developers to test and validate the network before its launch. (Source: Coindesk)
  3. Libra's partnerships with financial institutions: The Libra Association has announced partnerships with several financial institutions, including Mastercard, Visa, and Stripe, to develop and launch the Libra cryptocurrency. (Source: Libra Association)

Regulatory Updates:

  1. US Senate hearing on Libra: The US Senate has held a hearing on Libra, during which lawmakers expressed concerns over the project's potential impact on the financial system and its compliance with anti-money laundering and terrorist financing regulations. (Source: The Hill)
  2. European Parliament's report on Libra: The European Parliament has published a report on Libra, which expresses concerns over the project's potential impact on the financial system and its compliance with EU regulations. (Source: European Parliament)