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Visa and Mastercard Inc to reconsider backing Facebook’s Libra
Visa (V.N), Mastercard Inc (MA.N), and other key financial partners may reconsider their involvement in Facebook Inc’s (FB.O) Libra.
Initially, the financial backers to the cryptocurrency did not want to attract regulatory scrutiny and declined Facebook’s request to publicly support the project.
Policy executives from the Libra Association consisting of the cryptocurrency’s 24 backers have been summoned to a meeting in Washington, D.C. on Thursday.
The Libra Association, set up by Facebook, has been tasked to manage the U.S. tech giant’s plans to launch the digital currency in June 2020.
However, attempts to drag cryptocurrencies into the mainstream have since been met with skepticism globally, with France and Germany pledging to block Libra from operating in Europe.
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
June had seen Japan’s exports recording a double-digit decline for four consecutive months. This suggests that the novel coronavirus pandemic tipped the world’s third-largest economy into its sharpest postwar slump, highlighting ...
KYC Policy