It’s been a week since Facebook’s entry into the cryptocurrency and payments world was announced. Since then, a lot has happened. From the Libra lead, David Marcus, talking about shared internal governance control over the cryptocurrency, to the regulatory uncertainty the crypto may face with politicians around the world taking a shot at the it, […]
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Facebook is set to go through another round of extreme questioning as it goes ahead with the plans to launch its controversial cryptocurrency Libra. The tech giant will face representatives of twenty-six central banks, including the Federal Reserve and the European Central Bank (ECB, in Basel, Switzerland, on Monday.
The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
Facebook’s cryptocurrency initiative being subjected to criticism from lawmakers, despite being backed by industry giants, depicts the prevailing lack of trust between the social media giant and the government, owing to its “disregard for user privacy” as US Senator Maxine Waters put it.
According to a report published by Reuters on June 21, 2019, France is set to form a G7 cryptocurrency task force to explore how global central banks can regulate cryptocurrencies like Facebook’s Libra without the risk of it being used for money laundering and other illicit activities.
France will set up a task force for the G7 nations to investigate ‘stablecoin’ projects such as Facebook’s Libra cryptocurrency. France’s Central Bank Isn’t Entirely On-Board With Stablecoins France’s Central Bank Governor, Francois Villeroy de Galhau, made the announcement, while addressing finance industry officials.
France’s central bank governor Francois Villeroy de Galhau has announced the creation of a Group of Seven central bank governors task force, which will work to produce a study outlining how central banks can regulate Facebook's Libra cryptocurrency to keep it in line with anti-money-laundering regulations and consumer protection rules.
France is putting together a Group of Seven Nations (G7) task force to explore how central banks can make sure cryptocurrencies adhere to money-laundering and consumer protection rules. That’s according to the country’s central bank governor who announced the news today.
Coinspeaker France Makes G7 Crypto Task Force to Examine Facebook’s LibraFrance decided to create a G7 taskforce in order to examine the ways how central banks can regulate Facebook’s Libra.
Last updated 12:56 GMT 21 June 2019 Talking to BBC radio about a new Bank of England report The Future of Finance, governor Mark Carney was fairly balanced about Facebook’s Libra but said: “You can’t.
Australia’s central bank chief, Philip Lowe, believes that even after the release of Facebook's Libra cryptocurrency, it will be a long time before the Libra "becomes something we're using all the time."
Jerome Powell said the monetary policy shouldn’t be affected by Cryptocurrencies Libra will be strictly regulated by agencies and governments all around the world The Chairman of the Federal Reserve of the United States Jerome Powell talked with the reporters about Facebook’s recently launched Libra. As reported by The Block, the central bank of the […]
By CCN Markets: Facebook is already under fire from regulators less than a day after officially revealing its cryptocurrency whitepaper. Based on three separate talks, it’s clear top government and bank officials from around the world are preparing to regulate Facebook Libra.
French Finance Minister Bruno Le Maire has called on the Group of Seven central bank governors to prepare a July report regarding the financial aspects of Facebook's Libra cryptocurrency, as European Parliament members fear the social media platform could become a shadow bank.
International ratings agency Weiss Ratings thinks tech giants like Apple and Facebook entering the crypto-space prove they are, in fact, becoming banks themselves and their ‘answer’ is nothing like Bitcoin – which competes with central banks.
Since the introduction of cryptocurrencies in the global financial landscape, most users and people across sectors are split between the importance of central banks, and the idea of decentralized networks.
This article was originally published by 8btc and written by Lylian Teng. The bitcoin price has broken $8,000 for the first time since July 2018, with most cryptocurrencies trading in the green.
As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.
Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.
Many of us are familiar with the term “DApp,” which stands for “decentralized application. ”Foundationally, a DApp is an application that runs using blockchain technology on a decentralized network of computers instead of on a central database.
If data is the new oil, Facebook is the modern version of the Exxon Valdez. Fake news is big business, and it’s easy for central actors to use and abuse their users. Corporate astroturfers will pay handsomely for a well-used Reddit account or social media mention.
It has been recently revealed that the Ukraine Central Election Commission has been experimenting blockchain technology integration within the voting process. The details as to how far the experiment has gone was first publicized by Oleksandr Stelmakh, who is an employee at the Election Commission.
To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate.
“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
Genesis Space has forged a genuinely decentralized community immune from any central authorities—a virtual country in which its citizens can trade, communicate and declare their opinions freely. Dubbed the decentralized Facebook, all contents of Genesis are owned by the entire community; rules are made by members.
Hyperliquid Labs has clarified that recent claims of insider sell-off of HYPE are from an ex-employee.
The project added that team members and contractors are prohibited from engaging in leveraged The post ‘Team isn’t shorting HYPE’ - Hyperliquid Labs clarifies insider trading claims appeared first on AMBCrypto.
XRP may be preparing for a relief breakout as market sentiment flips sharply negative, according to new data from on-chain analytics firm Santiment.
The shift comes as XRP trades near a multi-weekThe post XRP sentiment turns deeply negative — and history says that’s when prices bounce appeared first on AMBCrypto.
Justin Sun remains blacklisted by World Liberty Financial [WLFI], three months after the project froze hundreds of wallets during what it described as a broad security intervention.
New data fromThe post Justin Sun still frozen out of WLFI as locked token drops $60M in value since September appeared first on AMBCrypto.
The largest U.S. bank is exploring spot and derivatives services for hedge funds and pensions as regulatory clarity improves, a person familiar with the matter told Bloomberg.