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Top related persons:
Benoit Coeure - 2 Diem - 1 David Marcus - 1 — - 1 Libra - 1 Marcus - 1 Jerome Powell - 1 Jay Powell - 1
Top related locs:
Menlo Park , California Luxembourg
Top related orgs:
Meta - 2 Diem Association - 1 Libra Foundation - 1 Mastercard - 1 PayPal - 1 Uber - 1 Spotify - 1 Bank - 1

Search resuls for: "Benoit Coeure"


2 mentions found


☆ Former Meta exec says the company's failed crypto project was '100% a political kill' by regulators
  + stars: | 2024-12-02 | by ( Sarah Jackson | ) www.businessinsider.com   time to read: +6 min
An ex-Meta exec in charge of the company's crypto Libra, later renamed Diem, says its shutdown was political. Meta's former head of its Libra project says roadblocks from regulators effectively shut down the company's cryptocurrency effort — and the way he sees it, it was "100% a political kill." AdvertisementLibra was a stablecoin digital currency project announced by Facebook in 2019 to provide financial services to billions of "unbanked" people around the world. AdvertisementMeta CEO Mark Zuckerberg testified before Congress about the company's financial services plans a few months after Marcus. Zuckerberg said during his appearance before lawmakers that Facebook would drop out of the Libra project if it didn't gain the approval of US regulators.
Persons: Diem, David Marcus, —, Libra, Marcus, Jerome Powell, Jay Powell, Janet Yellen, wasn't, Sen, Sherrod Brown, Brian Schatz, Mark Zuckerberg, Zuckerberg, Donald Trump, Benoit Coeure, I'm, Meta's, that's, Lightspark Organizations: Meta, Diem Association, Facebook, Libra Foundation, Mastercard, PayPal, Uber, Spotify, Bank, Banking Committee, Financial, Diem, US Treasury, Business, Fed, Libra Association, Visa, European Central, U.S ., Cambridge
☆ Meta loses as top EU court backs antitrust regulators over privacy breach checks
  + stars: | 2023-07-04 | by ( ) www.cnbc.com   time to read: +3 min
Meta Platforms on Tuesday lost its fight against a German data curb order that strikes at the heart of its business model as Europe's top court backed the German antitrust watchdog's power to also investigate privacy breaches. The ruling from the Luxembourg-based Court of Justice of the European Union (CJEU) potentially hand antitrust authorities more leeway in Big Tech probes. At issue was whether the German antitrust agency overstepped its authority by using its antitrust power to address data protection concerns, which are the remit of national data protection authorities. Thomas Graf, a partner at law firm Cleary Gottlieb, was more cautious on whether antitrust authorities would want to go into the details of privacy law. "Are antitrust authorities going to become GDPR regulators?
Persons: Andreas Mundt, Benoit Coeure, Thomas Graf, Cleary Gottlieb, Graf, Max Schrems Organizations: Justice, European Union, Big Tech, Meta, Facebook, Data Protection Locations: Menlo Park , California, Luxembourg
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