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Facebook answers how Libra taxes & anti-fraud will work

TechCrunch Friday, 12 July 2019 ()
Facebook provided TechCrunch with new information on how its cryptocurrency will stay legal amidst allegations from President Trump that Libra could facilitate “unlawful behavior”. Facebook and Libra Association executives tell me they expect Libra will incur sales tax and capital gains taxes. They confirmed that Facebook is also in talks with local convenience stores and […]
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Credit: The Street - Published < > Embed
News video: Facebook's Libra Faces Regulatory Headwinds

Facebook's Libra Faces Regulatory Headwinds 00:57

Facebook is Real Money's Stock of the Day. The social media giant has come under pressure from politicians on both sides of the aisle regarding their Libra cryptocurrency. President Trump tweeted yesterday, "If Facebook and other companies want to become a bank, they must seek a new Banking Charter...

Recent related videos from verified sources

Sen. Tina Smith Sees 'More Questions Than Answers' in Libra Governance [Video]Sen. Tina Smith Sees 'More Questions Than Answers' in Libra Governance

After two days of testimony from Libra's top executive, David Marcus, legislators still want to know more about the Libra Association's membership and governance.

Credit: Cheddar Inc.     Duration: 04:05Published

Facebook Tries to Sell Congress on Decentralized Currency Plan. But Congress Isn’t Buying. [Video]Facebook Tries to Sell Congress on Decentralized Currency Plan. But Congress Isn’t Buying.

The House Financial Services Committee had more pointed questions for Facebook's David Marcus about the governing structure of the Libra Association in the second day of Congressional grilling.

Credit: Cheddar Inc.     Duration: 04:11Published

Facebook's Libra Gets a Second, Critical Hearing at the House [Video]Facebook's Libra Gets a Second, Critical Hearing at the House

Facebook's David Marcus faced another day of governmental grilling, this time at the hands of the House Financial Services Committee, over the social media giant's plans for its digital currency Libra.

Credit: Cheddar Inc.     Duration: 04:11Published

Who Will Regulate Facebook Crypto Currency? [Video]Who Will Regulate Facebook Crypto Currency?

Business Insider reports that David Marcus, head of Facebook's cryptocurrency Libra, testified in front of the Senate on Thursday. Marcus stated that the Libra Association will oversee Libra and be..

Credit: Wochit     Duration: 00:33Published


Recent related news from verified sources

Facebook will defend Libra before the Congress today. This should be interesting.

On Tuesday, at 10 a.m. PT/1 p.m. ET, Facebook's David Marcus will stand before the U.S. Senate Banking Committee and explain Facebook's vision for Libra...
Mashable Also reported by •FossbytesWorldNewsThe CointelegraphTechCrunch

Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data security

A Swiss regulatory agency that Facebook executive David Marcus said in Congressional testimony would be responsible for overseeing data and privacy protections...
TechCrunch Also reported by •The Cointelegraph

What Congress May Want To Know About Facebook's Libra

What Congress May Want To Know About Facebook's Libra
With Facebook set to meet with the Senate on Tuesday and the House on Wednesday, Washington insiders report that lawmakers will be interested in Libra's...
ETH News Also reported by •MashableThe VergeNewsmaxSeattle TimesEnergy Daily

Facebook’s Marcus: Libra to Satisfy All Regulatory Matters Before Its Launch

Facebook’s Marcus: Libra to Satisfy All Regulatory Matters Before Its Launch
David Marcus, head of Facebook’s crypto wallet Calibra, stressed that Facebook will launch the Libra cryptocurrency project only after they address all...
The Cointelegraph

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