On Tuesday, the EU’s Finance Commissioner, Valdis Dombrovskis, pledged that he would propose new rules to regulate virtual currencies such as Libra, following his reappointment. This is an interesting statement to make as in the five years he has served so far, Dombrovskis has not taken any steps to regulate digital assets, despite a series […]
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As Facebook deals with the loss of PayPal‘s backing for its ‘cryptocurrency‘ Libra, the tech giant must now get ready to answer EU regulators’ questions about the potential risks posed by the project.
Last week, six members from the US House of Representatives’ Financial Services Committee met with Swiss regulators, including the Federal Data Protection and Information Commissioner and the Financial Market Supervisory Authority, to discuss Facebook's Libra project.
Switzerland's Federal Data Protection and Information Commissioner (FDPIC) has been tapped by Facebook to oversee Libra and the Libra Association. While Facebook hasn't been the easiest to get in contact with for the FDPIC, the agency expects to have more information on the Libra project by the end of the month.
Libra is back to making headlines after a brief stint in the shadows following news that they may not launch if regulators don’t approve of the project. As per a Bloomberg report, August 18, 2019, a delegation of six bureaucrats, led by Rep.
The Information Commissioner's Office, the UK's data protection watchdog, has sent a statement to Facebook and 28 other companies behind the Libra project asking for details on how customers’ personal data will be processed in line with data protection laws.
The UK information commissioner has expressed concerns over Facebook’s cryptocurrency-like project, Libra. Elizabeth Denham says that the San Francisco-based firm has not provided enough detail about how it will keep personal information safe.
The United Kingdom’s Information Commissioner’s Office has recently decided to request that the Libra Association should provide more details on how the group will protect the data that will be gathered by the users of the upcoming Facebook Libra stablecoin.
The Swiss Federal Data Protection and Information Commissioner (FDPIC) said it is still waiting to hear from Facebook regarding its supposed oversight of Libra, the social media giant's proposed cryptocurrency.
After announcing that the Swiss Federal Data Protection and Information Commissioner (FDPIC) would assist in overseeing the Libra Association, the FDPIC stated Facebook hadn't contacted the agency regarding any details related to the association or the Libra project.
The Swiss Federal Data Protection and Information Commissioner (FDPIC) is still awaiting additional requested information from Facebook’s cryptocurrency project Libra reports Reuters, July 23, 2019. This Time, It’s The Swiss Libra is Facebook’s endeavor into the cryptocurrency industry, which it announced just over a month ago, has been subject to mountains of scrutiny and debate,Read MoreRead More.
Hester Peirce aka Crypto Mom, spoke at Fortune’s Brainstorm tech event recently, explaining her views about regulations for cryptocurrencies and the approach taken by her peers at the SEC. The SEC Commissioner also opined on the hot topic at the moment, Facebook’s Libra.
During the Libra Senate hearing on Tuesday, Libra project lead David Marcus explained that the Swiss Federal Data Protection and Information Commissioner (FDPIC) would oversee data and privacy protections for the Libra Association.
Germany’s second-largest bank, DZ Bank, has taken a decisive step into the digital asset market by approving Bitcoin and cryptocurrency trading. The approval comes after DZ Bank received authorisation under the European Union’s Markets in Crypto-Assets Regulation, known as MiCAR.
Lawmakers previously proposed a $19 billion Bitcoin reserve. Countries like Germany, Pakistan, and the Philippines are reviewing similar plans. Brazil’s Drex CBDC could support future digital reserve systems.
The AfD party is urging Germany to treat Bitcoin as a strategic national asset. The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules. AfD is pushing Bitcoin as “state-free money” to boost sovereignty.
Global banking institutions are stepping deeper into crypto, and among them, Germany’s Deutsche Bank is laying out timelines for launching its new services. According to a Tuesday Bloomberg report, the Frankfurt-based institution is gearing up to launch its crypto custody…
Swedish crypto asset manager Virtune becomes the first entity to launch an ETP on Xetra that tracks the Coinbase 50 Europe Index, providing exposure for up to 50 crypto assets. According to a press release sent to crypto.news, Virtune’s latest…