2019-11-7 13:00 |
Hong Kong’s securities regulator says the world needs a united response to stablecoins like Libra to avoid firms setting up in laxer jurisdictions. origin »
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Stablecoins seem to have garnered a lot of attention recently from many in the mainstream media after Facebook launched its own crypto-project, Libra. In fact, regulators are among those who are most The post Stablecoins like Facebook's Libra can include features typical of regulated securities appeared first on AMBCrypto.
2019-11-5 11:30 | |
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As the pressure continues to pile on Facebook, the social media giant is still determined to forge ahead with its grand crypto ambitions. As it realizes that the journey ahead is not going to be a smooth one the company is looking at alternative ways of getting its own currency off the ground and a.
2019-10-21 09:30 | |
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Calibra CEO David Marcus reportedly said that Libra would be open to using national fiat-pegged stablecoins at a banking seminar on Sunday
2019-10-21 00:30 | |
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The recently concluded G20 Finance meeting highlighted regulation of stablecoins as an area that needs to be addressed soon. This follows the rise in popularity of digital assets with Facebook’s Libra being the most discussed.
2019-10-19 22:20 | |
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Leaders of G20 met on Friday, and have reportedly agreed to set strict regulations for stablecoins like Facebook’s Libra. They warned that the issuance of stablecoins should disallowed until the risks they pose to global economies are addressed.
2019-10-19 14:30 | |
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The Financial Action Task Force (FATF), one of the most important financial regulators in the world, has recently voiced some concerns about Facebook’s Libra project. According to the institution, Libra and other stablecoins could pose several risks if they were to achieve mass adoption, especially when considering money laundering and terrorist financing. Xiamgmin Liu, the […]
2019-10-19 22:34 | |
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Coinspeaker G7 Says that Bitcoin Failed but Libra Poses Threat to Financial StabilityG7 has just recently released a report addressing a long list of concerns it has with global stablecoins like Libra.
2019-10-19 22:29 | |
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Benoit Coeure, a French economist and executive director on the ECB, believes now is the time to step up the weight of regulation for digital currencies. As per Bloomberg, Coeure believes Bitcoin and other major FinTech innovations were being closely watched and allowed to unravel in their sandbox, but now with Libra, there is anRead MoreRead More.
2019-10-18 19:00 | |
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FATF joins other authorities voicing concerns about Facebook’s Libra
2019-10-19 16:34 | |
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The Financial Action Task Force [FATF], an inter-governmental organization that has pledged to combat money laundering and terrorism funding, has stated that Facebook and its stablecoin, Libra, would be subject to global standards on cryptocurrencies and traditional financial assets, according to reports.
2019-10-18 15:30 | |
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Today, G7 countries have documented their concerns about the impact of stablecoins on the global monetary system, US Senator Michael Rounds has offered fresh words of support, and a new survey has emerged on Libra adoption 67% of Nigerian Businesses Would Welcome Libra While Facebook’s intention to launch a global digital currency sparked reactions among governments and regulators in developed countries, no-one has bothered to ask the opinion of potential users, especially in developing countries.
2019-10-18 14:00 | |
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A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.
2019-10-18 12:10 | |
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Earlier this week I told you Facebook‘s ‘cryptocurrency‘ saga had turned into a soap opera and that it was going to be a long season, and it seems I wasn’t wrong. The technology giant is facing a new challenge after the G7 said on Thursday that such stablecoins shouldn’t be allowed to launch until international risk was assessed.
2019-10-18 12:04 | |
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The working group of the G7 has released a report detailing the potential risks a global stablecoin (GSC) could pose to nations and economies worldwide. GSCs will have to address these concerns to be considered for approval, the report said, adding that addressing the outlined risks will not guarantee regulatory permission to operate.
2019-10-18 11:30 | |
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Social media giant Facebook has certainly rattled the regulatory feathers of global regulators with its grand plans for cryptocurrency world domination. Politicians and citizens alike are right to question Libra and those that will be pulling the strings behind it.
2019-10-18 09:30 | |
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Not exactly unfamiliar with recurring setbacks, Libra, Facebook’s maiden venture into the cryptocurrency space seems to have hit yet another roadblock. In fact, the repercussions from this new setback could be even existential — or so it seems if we go by the content of a new G7 report, as seen by BBC.
2019-10-15 06:18 | |
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The proposed launch of Libra appears to be leading to some confusion among politicians and regulators with the prime example being Trump mixing Libra with bitcoin even though the two... The post G7 and G20 Considering Going After Stablecoins, Should They? appeared first on Trustnodes.
2019-10-14 18:38 | |
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Facebook’s proposed Libra ‘cryptocurrency’ has run into further resistance, this time from a G7 taskforce. The group issued a report stating that ‘global stablecoins’, such as Libra, should not begin operation until proven safe and secure.
2019-10-14 14:00 | |
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Coinspeaker G7 States Libra May Pose Threat to Financial StabilityThe G7 believes that Libra, as well as other global stablecoins, may negatively influence the financial situation in the world.
2019-10-14 13:31 | |
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It comes as no surprise that Facebook is still on the receiving end of regulatory pressure from global economies. The social media giant has done the crypto industry few favors as all eyes are now on stablecoins and the outlook for them is predictably pessimistic.
2019-10-14 11:30 | |
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The commotion around Libra and other stablecoins has caught the attention of a lot of regulators from across the world. The idea of a virtual asset backed by a fiat currency to facilitate payments has taken flight among several mainstream financial institutions, including the likes of JPMorgan.
2019-10-5 23:30 | |
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The chair of the Financial Stability Board, Randall Quarles, recently spoke about the rise in popularity stablecoins are having, including very prominent projects such as Libra. According to him, the future can have significant regulatory challenges because of these projects.
2019-10-5 22:19 | |
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Tether [USDT] has established itself as the most widely used stablecoin across the cryptosphere. However, several institutions in the recent past have made their entry into the world of cryptocurrencies through stablecoins, hoping to displace USDT.
2019-10-2 09:30 | |
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September 27, Frankfurt. Mario Draghi, European Central Bank (ECB) president, states that he is of the opinion that cryptocurrencies and stablecoins are not designed to be an adequate replacement of money.
2019-9-28 16:18 | |
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Stablecoins are a “wake up call” to the international banking industry, potentially reaching 1.7 billion unbanked.
2019-9-26 11:44 | |
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Coinspeaker ECB Exec: Libra Could Address Global Payments System ProblemsECB Board Member Benoit Coeure has warned that private stablecoins like Libra are posing big risk to the monetary sovereignty, however, they can also solve some of the burning issues.
2019-9-26 11:00 | |
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The governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra.
2019-9-24 11:15 | |
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Binance, one of the largest crypto exchanges in the world, is marketing its new stablecoin Venus as an alternative to Libra that can be really friendly to governments. The project was revealed last month, when the CEO of Binance, Changpeng Zhao, affirmed that the company would be creating several stablecoins around the world. Now, the […]
2019-9-18 20:58 | |
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Germany's cabinet has passed a national strategy for exploring blockchain tech, while limiting the threat of stablecoins like Facebook's Libra.
2019-9-19 17:27 | |
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Stablecoins like Libra threaten the monetary policy of European countries, believes the European Central Bank board member.
2019-9-18 10:42 | |
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Benoit Coeure of the European Central Bank says that stablecoins like Libra pose serious risks to public policy priorities
2019-9-17 20:19 | |
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France and Germany have agreed to block Facebook’s Libra cryptocurrency. In a joint statement, the two governments confirmed that no private entity can claim monetary power, which is inherent to the sovereignty of nations.
2019-9-14 18:17 | |
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According to a notification issued by FINMA, the regulator has confirmed that stablecoins will be treated just like any other blockchain-based token in Switzerland, September 11, 2019. The Libra Association requested FINMA to disclose how the network would be treated, and the regulator has stated that Libra will be classified as financial infrastructure.
2019-9-12 23:00 | |
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Earlier today, the Swiss Financial Market Supervisory Authority [FINMA] released guidelines on regulating stable coins. The guideline detailed how the regulatory authority will classify and regulate stablecoins based on its nature.
2019-9-11 17:53 | |
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On 2 May 2019, Facebook had registered a new company, Libra Networks, in Geneva, a step that turned out to be the company’s first move into the blockchain space. Recently, The Libra Association, the non-profit organization behind Facebook’s Libra cryptocurrency project, announced that it is pursuing a payment system licence from the Swiss Financial Market […] The post Switzerland’s FINMA clarifies its stand on stablecoins soon after Facebook’s Libra pursues a payment license appeared first on AMBCrypto.
2019-9-11 13:00 | |
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Switzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.
2019-9-7 20:17 | |
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Libra can add negative yields to its growing list of risks, according to a new JPMorgan analysis
2019-9-6 14:52 | |
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2019 has been largely regarded as a year of the bulls after collective bullish sentiment drove major cryptocurrencies to a price hike. Besides the bull run, stablecoins were also a major topic of discussion as the community’s attention were grabbed by the Bitfinex-Tether fiasco and the launch of Facebook’s Libra.
2019-9-5 01:30 | |
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Since Facebook announced the Libra cryptocurrency, a couple of other similar projects have been unveiled with all of them being dubbed potential ‘Libra-killers’. They include Venus, an initiative by Binance to 'develop localized stablecoins and digital assets pegged to fiat currencies across the globe', and Metal Pay.
2019-9-3 13:48 | |
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One of the main drawbacks associated with the cryptocurrency market is its highly volatile price activity. The volatility was and still is, considered a major hindrance when it comes to the mass adoption of virtual assets.
2019-8-23 19:30 | |
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Binance announced that it is planning to launch an open blockchain project focused on developing localized stablecoins around the world, competing with Facebook’s Libra. Reshaping the world’s financial system Over the last few years, Binance has actively communicated the need for a “global, multi-dimensional customer network and compliance system” to different regulatory authorities around the […] The post Binance Venus, a stablecoin that will compete with Facebook’s Libra appeared first on CryptoSlate.
2019-8-20 19:49 | |
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Coinspeaker Binance Launching ‘Venus’ as a Direct Competitor to Facebook’s LibraThe Venus project announced by Binance earlier on Monday plans to create stablecoins and other virtual assets backed by fiat currencies around the world.
2019-8-19 15:55 | |
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Cryptocurrency exchange Binance has been announced launch of a new blockchain and it’s called project “Venus. ” I’m not sure why it chose that name because Venus has no moons. Sad. In an announcement published this morning, Binance described Venus as an “initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.
2019-8-19 15:16 | |
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After Facebook’s Libra, it seems likely that other major brands like Amazon, Delta, and T-Mobile will create their own stablecoins. Stablecoins of the future The coming years will see the advent of a second generation of stablecoins.
2019-7-30 22:18 | |
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Jeremy Allaire’s Circle issued a U. S. dollar-backed stablecoin before stablecoins were cool. Now that Facebook has joined the fray with its Libra coin, which is designed to be backed by a basket of fiat currencies (and maybe other financial instruments), the spotlight on stablecoins has grown brighter.
2019-7-30 03:15 | |
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The G7 Finance Ministers and Central Bank Governors (FMCBG) met in Chantilly in northern France on July 17 and 18. In fact, Europe directly perceived the signal from the hearings in the US Senate on Libra and showed great obedience, as always.
2019-7-20 13:42 | |
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CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceQuantstamp, a Y Combinator-backed blockchain security company, recently completed the audit of cryptocurrency exchange Binance’s GBP-backed stablecoin, Binance GBP (BGBP).
2019-7-19 20:44 | |
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The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation.
2019-7-18 15:00 | |
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CEO of Circle, Jeremy Allaire discussed the current activity taking place within the crypto sphere, with news outlet, Bloomberg’s Joe Weisenthal and Romaine Bostick on Friday, July 5, 2019. Some of the topics that the discussion was founded on include Facebook’s endeavor, Libra, how Libra is one of two different types of stablecoins and how […]
2019-7-7 18:58 | |
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