WASHINGTON -- Federal Reserve Chairman Jerome Powell says that Facebook's new digital currency, Libra, "raises many serious concerns" and will be closely monitored by U.S. and overseas regulators.

PayPal has pulled out of Facebook’s digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an ...

FB long-awaited cryptocurrency is finally here. Details about Libra, the social-media giant's cryptocurrency, were revealed in a white paper that provided a detailed overview of the token's intended ...

Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after the social media giant unveiled early plans for the ...

This is the same Libra that Visa and Mastercard officially distanced themselves from last week, and Paypal last month. Honestly, after that happened, I can't see Libra going anywhere. You can tell me ...

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Morgan Beller, the co-creator of Meta’s now-defunct Libra digital currency project, revealed onstage at TechCrunch Disrupt 2023 that “what got [her] out of bed every morning [at the time] was China.” ...

Facebook's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi" on Tuesday. The rebranding replaces the original name of "Calibra" for the Facebook digital wallet which would ...

Although Facebook has not set a specific date for release, it expects to release both its coin Libra, as well as a digital wallet named Calibra, sometime next year. The social media company has been ...

ZURICH/LONDON (Reuters) - Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory ...