Analysts say China appears to have accelerated the push to digital money after Facebook announced plans in June to launch digital coin Libra.
Telegram aims to create an accessible service that is easier to use than various cryptocurrencies like Bitcoin.
Depending on the popularity of Libra it could reduce the ECB’s control over the euro, says Yves Mersch.
Facebook had previously promised to appease all regulators before launching Libra.
US lawmakers seek advice from Swiss counterpart regarding Facebook’s Libra.
Expected to launch in the first half of 2020, Libra will be backed by a basket of currency assets to avoid the wild swings of other cryptocurrencies.
The social media giant is fighting to get Washington onside after it shocked regulators and lawmakers with its announcement to potentially launch Libra in 2020.
Facebook is fighting a rear-guard action to get Washington onside after the announcement that the company plans to launch Libra in 2020.
Trump lambasts cryptocurrencies and demands companies to seek a banking charter and make themselves subject to US and global regulations.
Federal Reserve Chair Jerome Powell indicates again that an interest rate cut from the US central bank is likely at its next meeting.
Facebook's Libra has policymakers scrambling to come up with regulation for digital currency before it is allowed to develop further.
Facebook's digital currency Libra faces another obstacle in Washington, this time in the form of Democrat-influenced groups demanding a halt to the project.
The biggest US banks have a chance to get in on the new cryptocurrency spearheaded by Facebook Inc.
French Finance Minister Bruno Le Maire wants the Group of Seven central bank governors to prepare a report on Facebook’s project.