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The People’s Bank of China is "close” to issuing its own cryptocurrency, according to a senior official.
READERS have asked with increasing frequency: What’s Libra? Isn’t Libra like SDR or Bitcoin? Can I buy Starbucks coffee with Libra?READERS have asked with increasing frequency: What’s Libra? Isn’t Libra like SDR or Bitcoin? Can I buy Starbucks coffee with Libra?
As Facebook touts a new cryptocurrency as a way to serve people who are underbanked, mobile technology companies may provide the same path to financial services using good old-fashioned dollars.
Global privacy regulators joined forces Aug 6 to demand guarantees from Facebook on how it will protect users' financial data when it launches its planned cryptocurrency, Libra.
CITIGROUP Inc.’s Mike Corbat is under the gun. While most shareholders appreciate what the CEO has done to cut costs and steady the ship, they now want him to narrow the bank’s gap in return on equity with JPMorgan Chase & Co. and Bank of America Corp.
Facebook chief executive Mark Zuckerberg on July 24 reaffirmed his commitment to the social network's quest to launch Libra cryptocurrency despite pushback from governments and critics.
Facebook Inc's Libra cryptocurrency project has not responded to an information request by Switzerland's data privacy watchdog, the authority said on Tuesday.
Facebook has agreed to pay US$5bil (RM20.61bil) as part of a settlement against allegations is misused user privacy, in relation to the scandal involving Cambridge Analytica.
WASHINGTON: The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay US$5 billion, two people briefed on the matter said.
COLOMBUS: Facebook Inc and Amazon.com Inc set records for lobbying in the second quarter as Washington ramped up scrutiny of big technology companies, while Google’s spending dipped as it continued to reshuffle its influence operations.