Stablecoins like Facebook's Libra can include features typical of regulated securities

2019-11-5 11:30

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.

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stablecoins libra → Ðåçóëüòàòîâ: 72


Global Monetary Enforcer FATF Shares Concerns About Libra And Stablecoins

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


Ôîòî:

European Regulators won’t Oppose Stablecoins but Double-Down on Libra Warning

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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Libra Roundup: G7 Voice Concerns, Senator Adds Support, New Study Emerges

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


Libra Association stresses on cooperation as G7 releases report on stablecoins

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


Binance Positions Its Project Venus Stablecoin As Government-Friendly Libra Competitor

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


Ôîòî:

Swiss Regulator Issues Guidance on Libra and Stablecoins

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


Switzerland’s FINMA clarifies its stand on stablecoins soon after Facebook’s Libra pursues a payment license

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


Binance Venus, a stablecoin that will compete with Facebook’s Libra

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


Binance to launch a blockchain for fiat-backed stablecoins, but who even cares?

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


Circle CEO Views Libra As Having “Massive” Impact On Crypto Awareness, Accelerate Policy Making

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