US Treasury Secretary Mnuchin: Companies Left Libra Association Due To Compliance Issues

2019-10-15 23:33

Steven Mnuchin, the U. S. Treasury Secretary, has recently been interviewed by CNBC’s Squawk Box. During the interview, he talked about how some companies are abandoning the Libra Association as they are concerned with regulatory problems.

Libra realized that they are not ready, that they are not up to par, says @stevenmnuchin1 about Facebook’s plan […].

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Libra associates got concerned and dropped out: Secretary Steven Mnuchin

Facebook’s Libra initiative hit another roadblock prior launch after Libra associate companies including MasterCard, Visa and Stripe announced dropping out on October 9. While the decision was made after two Democratic Senators asked the the three banking giants to rethink their stance on Libra, speculation around the Senators’ being a threat clouded the crypto ecosystem.

2019-10-15 21:00


Ôîòî:

Facebook: Libra Cryptocurrency Faces Strict Regulatory Standards from U.S. Treasury

United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019.

2019-9-11 16:16


US Treasury: Facebook’s Libra And Other Crypto’s Must Adhere To AML & Terrorism Financing Standards

The highly anticipated Facebook’s crypto, Libra, must meet stringent US regulatory requirements before it can be launched, says an official from the US treasury. According to Treasury’s Under Secretary in charge of terrorism as well as financial intelligence, Sigal Mandelker, the Libra stablecoin must achieve the highest standards for fighting money laundering as well as […]

2019-9-10 21:02


XRP And Libra, Friends or Foes?: Ripple CEO Brad Garlinghouse Weighs In, Also Addresses Bank Of America’s Patent

Brad Garlinghouse, Ripple Labs CEO, has in the past not shied away from expressing his opinions about the crypto-space. Following the infamous tweetstorm by the US President and the disdain comments made by the US Treasury Secretary Steven Mnuchin about bitcoin and Libra, Brad responded via a series of tweets.

2019-7-24 11:40


Facebook approached the regulatory scene brazenly, says Ripple’s Brad Garlinghouse

Ripple CEO, Brad Garlinghouse, explained how there should be a level playing field when it comes to cryptos, adding that Secretary Mnuchin was right with his points during the hearing. Garlinghouse spoke to CNBC and gave his views on how Libra has helped the cryptocurrency ecosystem gain more traction by trying to fast-forward discussions and by […] The post Facebook approached the regulatory scene brazenly, says Ripple’s Brad Garlinghouse appeared first on AMBCrypto.

2019-7-20 21:00


Ôîòî:

US Treasury Sec: We Don’t Want Bitcoin Becoming a “Swiss-Numbered Bank Account”

Now that the U. S. Congress and Senate have finished their hearings with Facebook, U. S. Treasury Secretary Steven Mnuchin has set his regulatory sights on Bitcoin. Increased Regulation on the Table Again It appears that the aftermath of the US Congress and Senate Banking Committee’ hearings on Facebook’s Libra coin could present a new set of regulatory problems for cryptocurrency as a whole.

2019-7-19 00:00


U.S Treasury Secretary’s briefing a pleasant surprise for Bitcoin after it surged by 5% in an hour

Everyone enjoys a nice surprise. However, it won’t be surprising if Facebook and Libra have a different outlook on “surprises” at the moment. Over the span of 7 days, Libra has faced dire criticism from not just many in the cryptocurrency community, but also the President of the United States, and the Chairman of the […] The post U.

2019-7-16 17:00


Ôîòî:

U.S. Treasury Secretary Expresses Libra and Digital Asset Concerns

Steve Mnuchin, the secretary for the United States Treasury, held a press briefing to address the sudden storm of cryptocurrencies led by the announcement of Libra. Mnuchin, along with other bureaucrats, expressed scepticism over the launch of Libra, going as far as drafting a bill to keep tech companies out of finance, as reported byRead MoreRead More.

2019-7-16 13:21


Watch Steven Mnuchin’s Surprise Press Conference on Cryptocurrency

The US Treasury Department made the surprise announcement on Monday that Secretary Steven Mnuchin would hold a press conference to address cryptocurrency regulation. Mnuchin’s press conference, which began around 2 pm ET, comes amid a flurry of controversy triggered by Facebook’s announcement that it would spearhead a cryptocurrency project, dubbed “Libra.

2019-7-16 21:03


Ôîòî:

China and India Are not Comfortable with Libra, Need More Information and Clarity

China and India combined comprise nearly 35 percent of the world population. Bloomberg reported that the People’s Bank of China (PBOC) wants Facebook to reveal more information about Libra while Economic Times noted that the Indian Secretary of Economic Affairs believes the country is not comfortable with private currencies, July 9, 2019.

2019-7-10 11:00


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