G7 Leaders Vow to Combat Surging Ransomware Attacks Against Financial Services October 15, 2020 By Andrea Shalal and Jan Strupczewski Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic,...
Facebook Revamps Its Libra Cryptocurrency in Response to Regulatory Backlash April 17, 2020 By Brenna Hughes Neghaiwi and Tom Wilson Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp...
Big Tech May Be Required to Share Customer Data with Financial Firms December 9, 2019 By Huw Jones Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and...
Facebook Loses Backers for Its Libra Digital Currency But Could Still Proceed October 14, 2019 By Barbara Ortutay Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end...
Euro Zone to Launch Public Cryptocurrency in Response to Threat of Facebook’s Libra September 13, 2019 By Francesco Guarascio Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they...
House Democrats Eye Possible Ban on Big Tech Firms Offering Financial Services July 15, 2019 By Pete Schroeder and Ismail Shakil A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for...
Ethereum Blockchain Founder Among Those Worried About Facebook’s Libra Currency July 12, 2019 By Matthew Leising Facebook Inc.’s foray into digital currencies risks reversing gains in privacy and user sovereignty won by computer-networking pioneers, according to...
Facebook’s Cryptocurrency Gets Pushback from Global Financial Watchdogs June 24, 2019 By Alastair Marsh Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister...
Facebook Plans Global Cryptocurrency, Entry into Financial Services June 19, 2019 By Katie Paul and Anna Irrera Facebook Inc. announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to...