It also throws into question how Meta plans to handle commerce in the metaverse, a futuristic digital environment that Chief Executive Mark...

The sale was the culmination of several years of struggle for Meta's fintech unit, which lost most of its leadership, including director Da...

Meta, formerly Facebook Inc, first unveiled plans for Diem, known as Libra earlier, in June 2019, as part of an effort to expand beyond soc...

China’s ban highlights how some govts see cryptos as a threat. Other govts too are pressing to regulate cryptocurrencies and related specul...

China’s ban highlights how some govts see cryptos as a threat. Other govts too are pressing to regulate cryptocurrencies and related specul...

“We’re definitely looking at the number of ways to get involved in the space because we think we’re in a really good position to do so,” Fa...

Cryptocurrency values climbed on speculation that it might be accepted for Amazon purchases.

Blockchain-based stablecoins such as Tether and the upcoming Diem are the latest form of private money: Tokens that do not offer Bitcoin-ty...

Unlike cash, or cryptocurrencies like Bitcoin, digital money issued by central banks won’t be pure tokens. Either the issuing monetary auth...

The central bank said it is monitoring cryptoasset markets, which have surged in popularity in the last year as they have become easier for...

Diem Association, formerly Facebook's Libra project, was relocating its main operations from Switzerland to the US and withdrawing its paym...

In recent weeks, central banks from China to Britain have deepened efforts to test and research such technology, in part as potential rival...

Technology is enabling monetary authorities to give ordinary people access to a kind of electronic cash they have never had before.

The PBOC is aiming to become the first major central bank to issue a CBDC, part of its push to internationalise the yuan and reduce depende...

The biggest cryptocurrency, bitcoin, has shifted from the fringes of finance towards embrace by major investors, companies and even cities.

Covid-19 has made people reluctant to handle cash for fear of infection. The pandemic has also underscored the need to extend timely financ...

Given Zuckerberg’s tendency to issue half-hearted apologies before going back to breaking things, it’s not surprising that he’s gearing up ...