US Fed Reserve: Facebook’s ‘cryptocurrency’ dream faces core legal, regulatory challenges

US Fed Reserve: Facebook’s ‘cryptocurrency’ dream faces core legal, regulatory challenges
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-10-17 13:44

The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra.

Brainard went on to note that life could become more complicated for central banks overseeing monetary policy if an external stablecoin like Libra gained mainstream adoption, Reuters reports. However, the governor said the Fed was not in a rush to issue its own digital currency, adding it raised “profound legal, policy, and operational questions. ” “It should be no surprise that Facebook’s Libra is attracting a high level of scrutiny from lawmakers and authorities,”…

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Èñòî÷íèê: thenextweb.com

facebook legal → Ðåçóëüòàòîâ: 44


Ôîòî:

China is following Facebook’s playbook to issue a centralized digital currency

China‘s upcoming state-controlled digital currency is to be similar to Facebook‘s proposed coin, which makes total sense, because Libra isn’t really a cryptocurrency. Mu Changchun, deputy director of payments at China‘s central bank, explained the country was issuing its digital currency “to protect our monetary sovereignty and legal currency status,” Reuters reports.

2019-9-6 15:44


Ôîòî:

European Central Bank bigwig outlines why Facebook’s Libra isn’t real cryptocurrency

A representative of the European Central Bank (ECB) has slammed Facebook‘s quasi-cryptocurrency Libra, referring to its proposed ecosystem as a “siren call. ” Yves Mersch, Luxemborgian lawyer and ECB executive board member, even told attendees of the European System of Central Banks’ legal conference the Libra ecosystem will be “cartel-like.

2019-9-2 15:36


Ôîòî:

US Government ‘Can’t Kill’ Bitcoin Because Source Code is Speech

Based on the legal precedence surrounding cryptographic communication, it is highly unlikely that the U. S. government can ban bitcoin. ‘Uncle Sam’ Can’t Shut Down Bitcoin With the storm of attention being paid to Facebook’s Libra project, there has been some talk of whether such attention could spill over to BTC in the form of a government-sanctioned bitcoin ban.

2019-7-17 18:30


Ôîòî:

Ýêñïåðò ðàññêàçàëà, êàê ðåãóëÿòîðû ðåàãèðóþò íà Libra

Ðåãóëÿòîð êàæäîé ñòðàíû ïî-ðàçíîìó ñìîòðèò íà êðèïòîâàëþòíûé ïðîåêò Facebook. Îá ýòîì â èíòåðâüþ LetKnow.News ðàññêàçàëà óïðàâëÿþùèé ïàðòíåð àäâîêàòñêîé êîìïàíèè GRAD Legal & Financial Advisory Ìàðèÿ Àãðàíîâñêàÿ.

2019-7-8 09:40


Facebook Gets Legal Notice by Israeli Insurance Firm For Infringing on its Libra Trademarked Brand Name

The Insurance firm has already sent a notice to Facebook against using its brand name via its legal representative Liad Whatstein and Co. The legal firm specializes in trademarking and patent laws. In the notice, they have threatened to take Facebook to the court if they won’t stop using their trademarked name of Libra. Libra […]

2019-7-3 20:44


Facebook finally faces GDPR lawsuit after getting shot down in Austrian court

A GDPR case against Facebook, launched by Austrian privacy activist Max Schrems, has been deemed legal under EU law after the Austrian Supreme Court’s ruling, ComputerWeekly reports. Why is this a big deal? Because Facebook has been trying to block this case for five years, and winning a ruling against one of the richest companies in the world is huge news.

2019-6-12 18:06


Facebook Sued By Dutch Media Tycoon Over Scam Bitcoin Ads

Facebook is being sued by Dutch media tycoon, John de Mol, for posting fraudulent Bitcoin ads that listed him as an investor.  Billionaire Claims Facebook Turns a Blind Eye to Scams On Wednesday, Reuters reported that John de Mol, the billionaire businessman behind the popular reality TV show ‘ Big Brother’ was suing Facebook for publishing false advertisements which used his name to carry out Bitcoin-related investment fraud.

2019-6-6 00:00


White House launches social media survey to collect Conservative tears

The Trump administration on Wednesday launched launched a new tool where pissed off Conservatives can whine about social media bias. So long as they’re legal citizens, anyway. For Conservatives like Trump, a man who rose to prominence on the backs of the social networks he’s now convinced are out to get him, the argument isn’t a new one.

2019-5-16 04:56


Ôîòî:

Why Germany wants to block Facebook’s Messenger-Instagram-WhatsApp merger

Facebook made a splash recently when CEO Mark Zuckerberg’s plans to integrate its messaging platforms on Instagram, Messenger, and WhatsApp were revealed last month. In the two weeks following the reveal, so much has happened – culminating in a legal opposition to the move from Germany – that it made sense to summarize the play of events so far.

2019-2-8 12:27


ÂÝÁ è Huobi Russia çàïóñòèëè ïðàâîâóþ ëàáîðàòîðèþ â ïîìîùü öèôðîâûì ïðîåêòàì

Ðîññèéñêîå ïîäðàçäåëåíèå êðèïòîâàëþòíîé áèðæè Huobi ñîâìåñòíî ñ äî÷åðíåé êîìïàíèåé Âíåøýêîíîìáàíêà (ÂÝÁà) — Öåíòðîì öèôðîâûõ òðàíñôîðìàöèé — çàïóñòèëè ëàáîðàòîðèþ ïðàâîâîé ïðàêòèêè Huobi Legal Lab.

2018-12-29 14:03


John McAfee Speaks on the legal battle between the Winklevoss Twins and 28 year old Bitcoin Millionaire Charlie Shrem

Software developer turned cryptocurrency enthusiast, John McAfee has broken his silence over the ongoing legal battle between the Winklevoss Twins who made billions in Bitcoin from their settlement with Facebook’s CEO Mark Zuckerberg, and Charlie Shrem, one of Bitcoin’s first millionaires now fondly called “first Bitcoin felon”.

2018-11-4 11:36


Ôîòî:

Major Social Media network makes things simple, and allows Bitcoin information

Facebook is easing its ban – sort of – on ads related to cryptocurrency. Facebook, however, won’t allow advertisements for initial coin offerings or binary options. For example, Facebook asks whether companies have the relevant licenses in order to operate, or if they are a publicly-listed company. Facebook has also published a legal addendum outlining its

2018-6-27 00:34


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