India isn’t keen on Facebook’s Libra ‘cryptocurrency’

2019-7-8 15:48

Facebook’s new digital currency Libra has received an early jolt from the Indian government. The authorities in Asia’s third-largest economy are no more keen on the social media giant’s project than any cryptocurrency that came before it.

“Design of the Facebook currency has not been fully explained,” India’s Economic Affairs Secretary Subhash Garg told Bloomberg on Saturday. “But whatever it is, it would be a private cryptocurrency and that’s not something we have been comfortable with. ” A virtual ban on cryptocurrency trading came into effect in India in April 2018 when the Reserve Bank of India (RBI) issued a notice…

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WATCH: Zuckerberg’s LIVE testimony on Facebook’s cryptocurrency venture Libra

The social media giant, Facebook is poised to set a clear footing into the cryptocurrency market as Mark Zuckerberg faces Congress on all things Libra and advertising policies. This hearing marks an important foothold for Facebook’s digital currency dream as both the firm and its project have been under the regulatory scrutiny since the announcement […] The post WATCH: Zuckerberg’s LIVE testimony on Facebook’s cryptocurrency venture Libra appeared first on AMBCrypto.

2019-10-23 18:03


Expect Facebook to Ramp up Lobbying Efforts to Get Libra Cryptocurrency Off the Ground

As Facebook continues in the effort to launch its Libra cryptocurrency, the social media giant is likely to rely more heavily on paid lobbyists and the persuasion powers of its senior executives. Mark Zuckerberg prefers closed-door approach In a leaked audiotape of a Facebook town hall released by The Verge, the co-founder and CEO of […] The post Expect Facebook to Ramp up Lobbying Efforts to Get Libra Cryptocurrency Off the Ground appeared first on CCN.com

2019-10-2 18:00


Facebook’s belated entry into the cryptospace has a clearly-defined ‘why’ to it

Libra, Facebook’s yet-to-be launched cryptocurrency, is still receiving a lot of reviews for and against its favor, with many in the industry split over its operations and utility. Meltem Demirors was one of them, and she has a very different take on why Facebook launched a cryptocurrency now, when the industry is already a decade […] The post Facebook’s belated entry into the cryptospace has a clearly-defined ‘why’ to it appeared first on AMBCrypto.

2019-6-22 18:30


Zuckerberg Consults Rivals Winklevoss to Push Facebook’s ‘GlobalCoin’

Will Facebook cryptocurrency GlobalCoin be the catalyst to mass adoption propelling cryptocurrency usage from 30 million to 2. 4 billion? Maybe, but several concerns remain. Facebook Quietly Planning Killer App If one thing was notable about Facebook and cryptocurrency this time last year, it was the platform’s hostility towards it.

2019-5-24 12:00


Russia’s Largest Social Media Network and Facebook Equivalent, VKontakte, Plans Own Cryptocurrency

After Facebook was reported to be working on introducing its cryptocurrency, it seems like an equivalent social platform in Russia, VKontakte (VK) could as well be in line to launch its crypto soon. “Russian Facebook” Dreams Big Cryptocurrency and blockchain are slowly but steadily getting into various aspects of conventional as well as digital payments. […]

2019-3-30 02:26


Facebook to join crypto world, IOTA invents new cryptography hash function while Coinbase expands their services

Facebook to use cryptocurrency for WhatsApp transfers Bloomberg reported today that popular social media giant Facebook intends to dip its does deeper into the waters of cryptocurrency. According to unnamed sources, Facebook is working on making a cryptocurrency that will let users transfer money via the WhatsApp messaging app.

2018-12-22 21:53


Facebook Lifts Its Cryptocurrency Ad Ban – Sort Of

Facebook has made changes to its policies concerning cryptocurrency. Rob Leathern, Product Management Director for the popular social media site, recently noted, “In January we announced a new policy to prohibit ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices such as binary options, initial coin offerings, […]

2018-6-30 16:00


Ôîòî:

Facebook to Take Bitcoin ‘Back Towards the Bulls,’ Claims deVere CEO

Facebook has reversed its outright ban on cryptocurrency advertisements, and some experts believe this is just the catalyst needed to put the bulls back in control.   ‘Another Catalyst for the Unstoppable Cryptocurrency Revolution’ Nigel Green, founder and CEO of deVere Group, believes Facebook’s U-turn in regards to cryptocurrency advertisements will spark the next major bull run in “the unstoppable cryptocurrency revolution,” stating: The lifting of this controversial ban must be welcomed.

2018-6-28 19:00


Facebook Reverses Cryptocurrency Ad Ban

Social media giant Facebook has announced that they will be lifting the ban on cryptocurrency-related advertising effective immediately. The site first began prohibiting crypto ads in January of this year in compliance with a new company policy designed to “prohibit ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices,… The post Facebook Reverses Cryptocurrency Ad Ban appeared first on UNHASHED.

2018-6-27 04:55


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


Facebook Has a Change of Heart, Reverses Ban on Most Crypto-Related Offerings

Facebook has reversed its ban on cryptocurrency ads and will now permit pre-approved advertisers to promote crypto-related services on the social networking platform. Facebook Reverses Ad Ban Facebook will permit crypto-related businesses like exchanges to advertise, but will still prevent the associated (and somewhat controversial) crowdfunding method of initial coin offerings (ICOs) from being promoted.

2018-6-27 00:00


Ôîòî:

Cryptocurrency Education Is Important, Now Somebody Get’s It

We are always discussing why we believe that cryptocurrency education is important, more so than regulations and prohibition. Censorship of crypto-advertising online by companies such as Twitter, Facebook and Google have only helped to hide honest and real crypto-brands from having their name spread and overall, people are still falling for cryptocurrency scams worldwide.

2018-6-26 06:00


Cambodia Regulators Clarify that Cryptocurrency operation without License is Illegal

With regards to the recent controversies surrounding the legalities of Bitcoin operation in Cambodia, Regulators in the country have issued a clarification on their facebook wall. According to them, any operation of the digital asset including its trading, buying, settlement, and investment without a license is illegal by law.

2018-6-21 14:09


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Is India planning to ban cryptocurrency?

India is on the brink of a pivotal decision regarding cryptocurrencies as the government deliberates a potential ban on private digital currencies. The focus is now shifting towards the development of a Central Bank Digital Currency (CBDC) – the digital rupee.

India weighs crypto ban as it pushes for digital rupee adoption

Regulators in India are considering banning cryptocurrencies like Bitcoin and Ether and are instead, promoting the use of the digital rupee. On Oct. 22, local media outlet the Hindustan Times cited two officials familiar with the matter who claimed that…