Tag: Libra
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Financial Action Task Force believes that Facebook’s Libra virtual currency project will seriously undermine efforts to combat money laundering
Facebook’s Libra virtual currency project is currently under severe regulatory pressure, and various regulators are putting pressure on the Libra project. The main reason why regulators are so worried is that the Libra project may use virtual currency for global money laundering and other violations and criminal activities. Because the original intention of the Libra…
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Mercado Pago, Visa, eBay, Stripe, and, Mastercard exit from the Libra project
Following PayPal, five payment giants, Mastercard, Visa, eBay, Stripe and Mercado Pago, also announced their withdrawal from the Facebook Libra project. It is reported that Mercado Pago is the payment department of the Latin American e-commerce giant Mercado Libra. An eBay spokesperson said that “We highly respect the vision of the Libra Association; however, eBay…
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PayPal announces to exit Facebook’ Libra virtual currency project
PayPal, a payment giant dedicated to global transactions and transfers, originally served as a full member of Libra virtual currency project and participated in the construction of Libra. However, after the official announcement of the Libra project, PayPal has reviewed the attention of regulators in many countries and regions. Obviously, such cross-border transactions need to…
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Facebook’s Libra cryptocurrency partners considered withdrawing
Earlier, social networking platform Facebook announced the launch of the Libra project based on blockchain technology, which is essentially similar to the stable currency in the virtual currency industry. According to Facebook, this virtual currency can be used for cross-border transactions and settlements. For example, if the merchant supports the virtual currency, the user can…