Libra would make traditional payment institutions redundant, claims FCA’s Christopher Woolard

2019-10-5 19:30

Facebook’s nascent crypto-project Libra has been at the receiving end of regulators and financial authorities’ fury, ever since its official announcement on 18 June. The social media giant’s project has in fact, managed to ruffle quite a lot of feathers, with a few regulators going as far as to call for a complete ban on […] The post Libra would make traditional payment institutions redundant, claims FCA’s Christopher Woolard appeared first on AMBCrypto.

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libra regulators woolard payment traditional make christopher

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Источник: ambcrypto.com

libra regulators → Результатов: 126

Facebook’s Stablecoin Libra Is Rebranded to Appease Global Regulators

In an attempt to get on regulators’ good books, Facebook’s stablecoin project, Libra, has been rebranded to Diem. Libra Gets a New Name According to Reuters on Tuesday (Dec. 1, 2020), the Libra project underwent a name change and would now be known as “Diem”.

2020-12-2 14:00	StableCoin
libra regulators diem facebook project rebranded stablecoin

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Libra Association Concedes to Regulators, No Longer Permissionless

The Libra Association has changed its proposed model to put global regulators at ease. But will the move help quell concerns? Sovereign Stablecoins In Originally, Libra planned to create a...The post Libra Association Concedes to Regulators, No Longer Permissionless appeared first on Crypto Briefing.

2020-4-19 18:37	Stablecoins
libra regulators association permissionless concedes longer planned

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European Union’s Commission Branch Expresses Worry About Facebook’s Libra Monopoly Money

Facebook is having a hard time convincing regulators and lawmakers to approve its new digital coin Libra. Now that both the United States and India have presented concerns about the project, it was the time for the European Union to do it.

2019-8-21 23:58	Facebook
libra regulators european time facebook union project

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Libra Returns to Center Stage as American Delegation Holds Talks with Swiss Regulators

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.

2019-8-19 15:41	sweden
libra regulators delegation swiss federal data protection

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Facebook’s Libra Continues To Receive Worrisome Outlooks From Global Finance Regulators

Libra, the cryptocurrency project headed by Facebook and the Libra Association, is getting heat from several privacy and data protection regulators around the world. According to recent reports made by The Block Crypto, regulators from countries such as the United States, Canada, United Kingdom, Australia and the European Union are all concerned about Libra and […]

2019-8-7 22:35	Facebook
libra regulators united facebook made reports such

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Мнение: криптовалюта Walmart понравится регуляторам больше, чем Libra от Facebook

Представители американской инвестиционной компании Cowen считают, что криптовалюта ритейлера Walmart столкнется с меньшим количеством критики со стороны регуляторных органов, нежели стейблкоин Facebook Libra.

2019-8-6 15:09	стейблкоин
walmart libra криптовалюта facebook bloomberg мнение регуляторам

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Bloomberg: Walmart’s Crypto May Get Green Light Unlike Libra

An analytical firm Cowen believes that the Walmart Coin that the supermarket chain has recently filed a patent for will face fewer hindrances from regulators

2019-8-6 13:15
walmart filed patent chain regulators hindrances fewer

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Walmart’s coin could gain approval from regulators easier than Libra, says top investment bank

Walmart’s prospective USD-backed stablecoin should be looked upon more favorably by regulators than Facebook’s Libra, according to U. S. investment banking and financial services company, Cowen, Bloomberg reported.

2019-8-6 12:57	Stablecoins
investment libra regulators walmart bank coin cowen

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Global Regulators Warn on Privacy Risks of Facebook’s Libra

Data protection chiefs from across the globe have united to express concerns over the privacy risks posed by Facebook's cryptocurrency project.

2019-8-6 12:41	Libra
risks privacy facebook united project express concerns

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UK Information Commissioner Has Concerns About Facebook’s “Cryptocurrency” Project

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.

2019-8-6 01:00	Libra
information project facebook concerns commissioner cryptocurrency agencies

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Expert: Walmart Crypto Project More Agreeable to Lawmakers Than Libra

A senior policy analyst thinks Walmart could get its crypto approved by regulators, and the path will be much easier than Libra’s

2019-8-6 00:20	USA
libra crypto walmart approved regulators path easier

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Bitwise Report Elaborates on How Facebook’s Libra Project Pushed Bitcoin’s Development by Three Years

Bitwise — a U. S. cryptocurrency index fund provider — recently released a study in which it claimed that Facebook’s upcoming stablecoin offering Libra has accelerated BTCs progress by a little over three years.

2019-8-3 18:40	Bitcoin (BTC) Price
libra years three facebook bitwise comes time

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Ripple CEO says Facebook went too far with Libra

Brad Garlinghouse, the CEO of Ripple, said that Facebook was responsible for the scrutiny and criticism it encountered from regulators. In an interview with Bloomberg TV, Garlinghouse said that the company went “too far” in its whitepaper by stating Libra was going to become a “new currency.

2019-8-1 03:58	ripple
facebook libra ripple far went too ceo

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US Congressional Hearings: Lawmakers Acknowledge A Bitcoin Ban Is Impossible, Even If They Tried

Bitcoin has seen an impressive bull run this year, rising by more than 200% from 2018 lows. However, since Facebook unveiled plans to develop its own digital currency, Libra and regulators poured cold water on these plans, bitcoin has been bearing the brunt of increased scrutiny by lawmakers.

2019-7-31 18:16	USA
bitcoin lawmakers hearings plans tried ban congressional

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Ripple Sides With US Regulators on Crypto Controversy and Facebook Libra

Crypto was designed to eventually serve as a complete replacement for fiat currencies like the US dollar as the entire world moves into a fully digital age, so money itself can more easily and quickly be managed without the requirement of a third-party intermediary.

2019-7-31 04:00	United States
crypto facebook sides regulators libra ripple controversy

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United States Regulators Begin Crack Down on Crypto and Bitcoin Crime

Following the announcement of Facebook Libra – a crypto project aimed to replace the US dollar and other fiat currencies, the United States has been up in arms regarding Libra, Bitcoin, and the rest of the cryptocurrency landscape.

2019-7-31 23:00	United States
crypto bitcoin united states begin libra crack

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Facebook Warns of “No Assurance” Libra will be made Available on Time, if “At all”

In the risk factors section of the Q2 report, the social media said that it recognizes the significance of the pushback from regulators and lawmakers since the project was announced in June. “Libra has drawn significant scrutiny from governments and regulators in multiple jurisdictions and we expect that scrutiny to continue,” Facebook said in its […]

2019-7-30 17:06	Facebook
said facebook regulators scrutiny libra june drawn

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Facebook Could ‘Pull The Plug’ On Libra, New Statement Reveals

Since Facebook’s announcement of its plan to launch a global currency in the form of a cryptocurrency called Libra, financial regulators across the world have spat fire and brimstone at the social media company.

2019-7-30 16:12	Libra
libra facebook regulators pull plug statement new

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‘Arrogant’ Facebook Sabotaged Itself With Libra Approach, Claims Ripple Chief

Ripple CEO Brad Garlinghouse has stated that the high level of scrutiny that Facebook has invited from regulators and policymakers with regards to the Libra cryptocurrency efforts is of the social media giant’s own making.

2019-7-30 14:24	Libra
facebook ripple libra arrogant garlinghouse sabotaged itself

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Zuckerberg Ready to Wait for ‘However Long It Takes’ to Get Libra Regulators Onboard

Coinspeaker Zuckerberg Ready to Wait for ‘However Long It Takes’ to Get Libra Regulators OnboardMark Zuckerberg has made it clear that Facebook will not launch its Libra crypto until all the regulators have been brought on board and every regulatory issue resolved satisfactorily.

2019-7-26 11:09	StableCoin
zuckerberg libra regulators takes get however ready

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Research: Over 90 Percent of Americans don’t Trust Facebook’s Libra

While Mark Zuckerberg and his associates are busy brainstorming on how to put Project Libra in the good books of financial regulators across the globe before 2020, it appears the team may have much more work to do.

2019-7-26 21:00	Survey
libra research americans majority revealed vast report

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Zuckerberg Promises Slow And Steady Approach To Libra's Launch

Echoing statements made by Libra project lead David Marcus during Facebook's congressional hearings last week, Mark Zuckerberg promised to spend "however long it takes" to get regulators on board with Libra before launching the cryptocurrency.

2019-7-26 19:10	cryptocurrencies and tokens
libra zuckerberg however long spend week mark

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‘However Long It Takes’: Zuckerberg Vows to Win Over Libra Regulators

Facebook's CEO said it will spend "however long it takes" to get regulators on board before launching Libra.

2019-7-25 17:25	Mark Zuckerberg
libra however regulators long takes get spend

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Facebook Libra Targeted by Sophisticated Phishing Scammers

It’s not only regulators that are hampering Facebook’s crypto party. Now, somewhat ironically, the social media giant is dealing with Facebook Libra impersonators as well. Fake Facebook Libra Ads Surge As if Zuckerberg and his team didn’t have enough to contend with as governments around the world scramble to halt the project.

2019-7-24 17:00	Libra
facebook libra giant media social sophisticated targeted

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Senate Committee schedules another hearing; has Libra woken up a regulatory sleeping giant?

All eyes will be on Washington D. C. once again. The cryptocurrency industry, from a regulatory standpoint, will be divided into two phases of history; one before Libra and the other after. Since Libra was unveiled in mid-June, regulators the world over have not let up.

2019-7-24 14:00	Facebook
libra regulatory senate two giant sleeping schedules

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Facebook And Instagram See Influx Of Libra Scams

Though the social media giant has been able to remove many of the Facebook and Instagram accounts claiming to sell the not-yet-available Libra, some US regulators have taken the spread of Libra scams as another piece of evidence that Mark Zuckerberg and company are not fit to launch their own cryptocurrency.

2019-7-24 19:17	cryptocurrencies and tokens
libra facebook scams instagram evidence mark piece

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The Crypto and Libra world should get over the idea that U.S. Dollar is a stable currency, says George Gilder

Former director of U. S. Mint, Ed Moy, and American investor and economist, George Gilder, debated the nature of sound money and how Bitcoin and other cryptocurrencies, including Facebook’s Libra, compare to it.

2019-7-23 04:00	News
george gilder libra stable bitcoin says currency

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German Central Bank President Sees Hope For Libra

During the G7 meeting in France last week, Jens Weidmann, president of Bundesbank, Germany's central bank, came out in favor of Facebook's Libra project, noting that regulators should not work to suppress innovation before clarifying details can be provided.

2019-7-23 19:13	cryptocurrencies and tokens
libra president bank central should work project

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Will Regulators Apply Stricter Rules on Bitcoin Upon Investigating Facebook’s Libra Stablecoin?

In a tweet made out on Thursday, July 18, 2019, blockchain and crypto attorney, Stephan D Palley shared his viewpoint on Facebook’s Libra. Said activity isn’t the first of its kind, as many world leaders, countries and business tycoons have been assessing Libra’s pros and cons.

2019-7-22 23:13	Facebook
libra palley facebook world leaders countries business

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With Libra Hearings Depicting Bitcoin As The Hero, What Can We Expect Next?

In the crypto world, the past week has been dominated by Libra hearings. Libra, Facebook’s cryptocurrency has come under fire for some time now. Soon after its launch a few months ago, regulators raised concerns that the social media giant was out to disrupt the financial system.

2019-7-21 20:31	USA
libra hearings expect bitcoin depicting hero out

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Libra Is An “Innovative Concept” And Should Not Be Suppressed: Germany’s Central Bank Head

Jens Weidmann, the President of Germany’s Central Bank Bundesbank, stated that global regulators should not suppress Facebook’s Libra project in its early stages. The statement appeared in an email newsletter shared by Mati Greenspan, a senior marketing analyst at eToro.

2019-7-20 20:40	Facebook
libra bank central project germany weidmann should

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Economist Bashes Libra, Mocks Facebook Crypto as ‘Fake Money’

In a new article called “Facebook’s Fake Money,” economist Thorsten Polleit bashes Facebook’s foray into cryptocurrency through its Libra token. Facebook Libra Isn’t Sound Money Far from alone in his criticism of Facebook’s fintech ambitions, Polleit bases his doubts on an entirely different set of metrics than do legislators and regulators.

2019-7-20 20:05
facebook libra money fake economist bashes polleit

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New Jersey Sues Blockchain Firm for Unregistered $46 Million ICO

As regulators pine over the safety of Libra, recent crypto-related crimes are sure to keep them on edge. New Jersey Attorney General Gurbir Grewal filed a lawsuit on Wednesday against Princeton-based company, Pocketinns Inc.

2019-7-20 13:20
unregistered new jersey pocketinns securities ico blockchain

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JP Morgan CEO Does Not Think Libra Is A Threat To The Banking Or Credit Card Sector

JP Morgan Does Not Think Libra Is A Threat To The Banking Sector Libra, the nascent cryptocurrency project of social media giants Facebook has created quite a storm among policymakers and regulators all around the globe.

2019-7-18 18:29	Facebook
libra around banking globe sector morgan does

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WATCH: Lukka CEO Believes in a Future Full of Corporate Tokens

Lukka CEO and investor Jake Benson sees Libra's real value as a guinea pig that will allow regulators to test the limits of crypto.

2019-7-18 16:00
ceo lukka pig guinea allow limits crypto

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German Minister Calls for Close Monitoring of the Cryptocurrency Sector

A German minister has recently called on regulators to pay attention to the cryptocurrency industry, including Facebook’s Libra. According to a report by Reuters on July 16, 2019, the minister said that regulators should ensure that the nascent industry doesn’t threaten the stability of the financial sector Governments Increasingly Wary of Cryptos Since the adventRead MoreRead More.

2019-7-18 15:00	Regulations
minister cryptocurrency german regulators industry sector wary

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‘Libra vs Alipay, WeChat’ Trending High on Chinese Search Engine

Since Facebook announced its new cryptocurrency “Libra,” it has faced resistance from global regulators and financial sectors. The People’s Bank of China, which in 2017 banned the use and trading of cryptocurrencies, has also expressed skepticism, believing that the US-controlled digital currency would circumvent its financial sovereignty.

2019-7-18 15:00	Libra
libra financial china high chinese trending wechat

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Facebook's House Committee Focuses Heavily On What Exactly Libra Is

With yesterday's Senate hearing centering on lawmakers' distrust of Facebook, the social media giant's House Financial Services Committee hearing focused much more on what exactly Libra is and saw regulators speaking in a surprisingly positive manner about Bitcoin.

2019-7-18 00:08	law and legislation
libra facebook hearing exactly committee house saw

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Libra’s Swiss detour: FDPIC claims to have not been contacted by ‘promoters of Libra’

Despite David Marcus’s repeated assurances regarding Facebook’s keenness to cooperate with regulators of every country, the project failed to escape the latest grilling by the Senate Banking Committee.

2019-7-17 14:00	News
libra contacted promoters facebook fdpic swiss detour

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Senate hostile towards Libra, Facebook suggests regulators must act or risk losing US dollar dominance to Bitcoin

The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof. Marcus, the head of Calibra, strongly suggested that if the U. S.

2019-7-17 08:06
senate dollar act bitcoin dominance towards libra

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Will Libra’s example finally persuade U.S. regulators to embrace the digital assets realm?

Libra’s regulatory mess is only getting started. In the past week, United States’ Federal Reserve Chair, Treasury Secretary and even the President have come out in vocal opposition to Libra.

2019-7-16 16:30	News
libra persuade regulatory facebook realm example embrace

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UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra

The UK is studying the properties of Libra in-depth to prevent the digital currency from damaging the economy. This is what Philip Hammond, Chancellor of the Exchequer of the United Kingdom, said in a recent interview with CNBC’s Squawk Box.

2019-7-16 23:30	United Kingdom
libra hammond transformative potentially chief finance engage

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Congressional leaders draft bill that proposes to ban big tech firms from launching digital currency

Facebook’s upcoming stable coin Libra seems to have caught the regulators and policymakers around the globe off-guard. Ever since its official announcement back in June, Libra has been subjected to tons of scrutiny, calls for the halt of the project, and in certain cases even outright ban.

2019-7-14 10:00	Libra
ban currency digital facebook congressional launching libra

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Did Facebook’s Libra put Bitcoin and the cryptocurrency industry in the regulators’ crosshairs?

What’s your party trick? Is it the way you pop open a beer bottle? The handstand on the dance floor? Or your smooth-talking skills? If you are a regulator however, your party trick is a full-on crackdown, while everyone is enjoying a bullish party.

2019-7-13 18:30	News
your party libra put did facebook bitcoin

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Facebook’s Libra is proof that Big-Tech can go toe to toe with Big Banks, claims US Senator

By the look of things, Libra will be attracting more regulators than customers. Facebook’s foray into the cryptocurrency world began last month when Libra was unveiled and lawmakers across the world lost it.

2019-7-13 10:00	News
libra toe facebook claims senator banks world

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Tech Entrepreneur: Facebook’s “Cryptocurrency” Libra is a “Big Mistake”

Billionaire tech entrepreneur Mark Cuban is not a big fan of Facebook’s recently-detailed cryptocurrency-of-sorts. He says there may be repercussions from despotic leaders around the world if citizens start to use alternatives to national currencies.

2019-7-13 02:00	Mark Cuban
big entrepreneur facebook tech mistake cryptocurrency libra

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Ethereum Co-Founder Mihai Alisie Comments On Facebook's Libra

Since Facebook announced Libra, world regulators have been quick to express their fears surrounding the cryptocurrency, but Ethereum co-founder Mihai Alisie believes the project will do more to negatively impact all the good fortune blockchain tech has been able to harbor over the years.

2019-7-13 01:09	ecosystem
ethereum facebook libra co-founder alisie mihai good

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President Donald Trump Shuns Bitcoin and Facebook’s Libra Project

The President of the United States, Donald Trump has made it clear that he is not a fan of bitcoin (BTC), Libra, and other cryptocurrencies. He added that firm’s like Facebook looking to issue digital assets must obtain a banking charter and come under the purview of financial regulators in the country, reports The GuardianRead MoreRead More.

2019-7-12 14:13	trump
bitcoin president libra trump donald facebook reports

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Fed’s Jerome Powell Calls for Halt to Facebook’s Libra Currency Project

Powell joins the side of regulators wary and critical about Facebook’s Libra project, calling for a halt until regulatory concerns are answered.

2019-7-11 14:29	News
halt libra project facebook powell calling critical

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Crypto Comes To Detroit: Residents Will Soon Pay Taxes With Digital Assets

By accepting crypto for taxes and other local municipal payments, Detroit would become the largest city in the United States to accept crypto for payments. The program is scheduled to start in the middle of 2025, according to Detroit’s local officials.

Detroiters Will Be Able to Pay Their Taxes in Crypto Next Year Using PayPal

Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury.

Крупнейший в мире депозитарный банк BNY Mellon получил право хранить биткоины

В Комиссии по ценным бумагам и биржам США (SEC) заявили, что один из крупнейших в мире депозитарных банков Bank of New York Mellon Corp (BNY Mellon) получил одобрение на хранение биткоина, эфира и других цифровых активов.

Криптовалюты стали доступны для бизнес-счетов в PayPal

Платежный гигант PayPal открыл для корпоративных клиентов в США возможность покупки, хранения и продажи криптовалют напрямую со своего бизнес-счета. Об этом говорится в сообщении компании.

PayPal Now Lets Millions Of US Business Accounts Directly Buy, Hold, And Sell Bitcoin And Ethereum

PayPal announced Wednesday that millions of U.S. merchants can now buy, hold, and trade crypto assets directly from their business accounts.

PayPal now allowing US business accounts to trade crypto

PayPal is set to allow U.S. merchants to purchase, hold, and sell cryptocurrency directly through their PayPal business accounts. PayPal announced this move as part of its strategy to increase cryptocurrency’s role in everyday transactions for millions of businesses in…

Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved

Tether hired a government-affairs veteran from PayPal and Chainalysis, Jesse Spiro, to head its own shop as the issuer of the leading {{USDT}} stablecoin has long been under a cloud of reported U.S. investigations.

2019-10-5 19:30

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