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Thursday, March 28, 2024
TopicLibra

Topic: Libra

Mark Zuckerberg’s attempt to relaunch Libra deserves a fair chance

Zuckerberg's plea for Libra, now called Diem, suggests Facebook is leaning more towards the kind of e-cash offered by PayPal or Alibaba than the revolutionary crypto dreams of Bitcoiners.

Facebook-backed crypto group rebrands Libra as Diem Network in hopes of fresh start

After Libra launched in June 2019, politicians and regulators raised concerns about privacy, money laundering and companies like Facebook taking power away from central banks.

To use cryptocurrency or not is no more a question in India. RBI must now fix payment market

Facebook’s Libra clearly demonstrates a demand for cheaper and faster global payments service. RBI must accelerate its research on payment methods to serve this demand.

Facebook scaling back Libra cryptocurrency will bring joy & relief to Asian central banks

A stablecoin like Libra could weaken effect of monetary policy on domestic interest rates and credit conditions, a risk for central banks in Asia.

Facebook’s biggest challenge with Libra might be its own reputation

Given Facebook's failures around privacy, a near-unanimous notion among US lawmakers is that the tech giant shouldn’t be trusted to create a new global currency.

Facebook has no plans for Calibra or cryptocurrency in India

Facebook says there are restrictions in India that prevent launch of Calibra and it will work with regulators to see if rules can be updated.

Modi govt sceptical about Facebook’s Libra cryptocurrency

Modi govt & RBI have virtually outlawed cryptocurrencies. RBI has placed restrictions & govt is drafting a law with stringent penalties on their use.

Both Modi govt & RBI are uncomfortable with Facebook’s cryptocurrency Libra

While the Reserve Bank of India has placed restrictions, the government is drafting a law with stringent penalties on their use.

Facebook’s Libra may be quite attractive in countries like India

Libra could be cheaper to use, and expand the reach of other applications, such as WhatsApp Pay, which is popularly used in India.

Facebook’s Libra cryptocurrency isn’t actually supposed to work

Installing Libra was not an empowering experience. It’s odd that a company like Facebook would release software in such a state.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.