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Ex-Fed Official: BoE Boss Barking Up Wrong Tree On Crypto
Going against the central bank grain Mark Carney has proposed a cryptocurrency akin to Facebook’s Libra crypto as a hedge against US dollar dominance. A former senior Federal Reserve official thinks he is barking up the wrong tree. дальше »
2019-9-26 12:00 | |
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ECB Exec: Libra Could Address Global Payments System Problems
Coinspeaker ECB Exec: Libra Could Address Global Payments System ProblemsECB Board Member Benoit Coeure has warned that private stablecoins like Libra are posing big risk to the monetary sovereignty, however, they can also solve some of the burning issues. дальше »
2019-9-26 11:00 | |
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Calibra Head David Marcus takes to Twitter to defend Libra project
As Libra continues to remain under the scrutiny of regulatory watchdogs, David Marcus, the Head of Calibra, tried to debunk the popular narrative that Libra could potentially threaten the sovereignty of Nations. дальше »
2019-9-16 15:36 | |
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Facebook requests Swiss FINMA license regulatory pushback
The Libra Association announced that it will pursue a payment system license under the Swiss Financial Market Supervisory Authority’s (FINMA) supervision. The group, which oversees Facebook’s controversial cryptocurrency, chose Switzerland as its main regulator despite scrutiny from U. дальше »
2019-9-13 23:45 | |
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Facebook’s Libra Launch Would “Substitute Itself As A National Currency” & Can’t Be Authorized: French FM
While Facebook (FB) is planning to acquire Swiss payment system license for Libra, France is not at all interested in letting its cryptocurrency project — expected to launch in 2020 — get off the ground. дальше »
2019-9-12 18:44 | |
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Facebook’s Libra to follow ‘same risks, same rules’ principle in Switzerland as it aims to become a major financial center
As more and more astronomical objects make their way in the crypto-sphere, Facebook’s Libra is still waiting out to check all the boxes before it hits the market as a ‘global currency’. дальше »
2019-9-12 13:00 | |
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Facebook’s Libra Seeks Swiss Payment System License
Facebook’s Project Libra has applied for a payment system license from the Swiss Financial Market Supervisory Authority (FINMA). FINMA says Libra’s service offerings will, however, require a broader oversight that would include operational risks, liquidity and more, according to a Reuters report on September 11, 2019. дальше »
2019-9-12 09:00 | |
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Facebook's Crypto Libra Isn't Getting Away With Measly Swiss Payments License
Switzerland’s financial regulator has indicated that Facebook’s cryptocurrency project Libra will be required to meet additional requirements besides getting a payment system license prior to starting operations. дальше »
2019-9-12 18:01 | |
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Facebook Now Seeking Swiss Payment System License for Crypto Project Libra
Facebook’s cryptocurrency project Libra is now seeking a Swiss payment license, said financial watchdog FINMA on Wednesday. Social media giant Facebook (FB) first announced its plan to launch a cryptocurrency in June, as an attempt to move into global payments that has drawn intense scrutiny from global financial authorities. The stablecoin Libra, which is planned […] дальше »
2019-9-11 17:55 | |
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Facebook: Libra Association responds to FINMA’s guidelines by filing for a license as a payment system
Earlier today, the Swiss Financial Market Supervisory Authority [FINMA] released guidelines on regulating stable coins. The guideline detailed how the regulatory authority will classify and regulate stablecoins based on its nature. дальше »
2019-9-11 17:53 | |
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Facebook’s Libra Set to Register as Payment System in Switzerland
Coinspeaker Facebook’s Libra Set to Register as Payment System in SwitzerlandFacebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight. дальше »
2019-9-11 13:20 | |
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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. дальше »
2019-9-11 13:00 | |
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Facebook Seeks Payments License For Libra as Code Vulnerabilities Surface
Despite escalating regulatory concerns from the governments of the world, Facebook appears to be pressing on with its global bank ambitions. This week the social media giant made moves to seek a payments license for Libra from Switzerland while the US Treasury warned that it would face tough standards. дальше »
2019-9-11 11:31 | |
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Libra Association Seeks Swiss Payments License for Facebook’s Crypto
The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
дальше »2019-9-11 09:47 | |
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Libra Association Seeks Swiss Payments License for Stablecoin
The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog
дальше »2019-9-12 09:47 | |
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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. дальше »
2019-9-2 15:36 | |
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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. дальше »
2019-8-20 19:49 | |
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Global System to Combat Crypto-Driven Money Laundering in Development
Regulators across the globe and in the United States are taking a tougher stance on Bitcoin and other cryptocurrencies ever since the news broke that Facebook would be launching a crypto asset of their own, sparking widespread outrage and concern. дальше »
2019-8-10 04:00 | |
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Former Executive of Bank of Japan Believes Libra Could Undermine Current Financial Policies
A former executive with the Japanese bank believes that globally coordinated regulation of Libra could eradicate complications with the current financial system. Facebook has stated that the launch of Libra may not ultimately happen. дальше »
2019-8-3 20:52 | |
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Cardano set to begin its transition from a federated to a decentralized system
Cardano has been in the news for quite some time now, in light of its development on the Cardano network and the Shelley network. IOHK’s Charles Hoskinson recently featured in an interview and shared his views on the evolution of global financial systems since the emergence of cryptocurrencies, while also talking about Facebook’s Libra and […] The post Cardano set to begin its transition from a federated to a decentralized system appeared first on AMBCrypto. дальше »
2019-7-25 03:30 | |
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Robinhood App Encroaches on Banking Turf with High-Yield Money Tool
Libra isn't the only payment system that stands to threaten the banks. Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management feature. дальше »
2019-7-22 02:30 | |
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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. дальше »
2019-7-21 20:31 | |
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G7 Abuzz With Facebook's Libra Cryptocurrency Project
While financial chiefs around the world gathered to discuss the "serious difficulties" Facebook's Libra cryptocurrency may cause, the summit was also swirling with rumors that Japan was leading the development of a government-backed international crypto payments system meant to help tackle money laundering issues. дальше »
2019-7-18 18:58 | |
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US Treasury Secretary: Bitcoin a “national security issue,” cryptocurrency dominated by illicit activity and speculation
Following President Trump’s derisive tweet about Bitcoin, U. S. Secretary of the Treasury Steven Mnuchin held a briefing on regulating Bitcoin and Facebook’s Libra because of their use in criminal activity and the threat they pose to the financial system. дальше »
2019-7-16 23:13 | |
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Facebook’s Libra Triggers US & UK Alarm Bells; Will Bitcoin Take a Beating?
On CNBC’s Squawk Box, Philip Hammond, the Chancellor of the Exchequer and a senior official within the government of the U. K. , said that Libra, a crypto asset developed by a consortium of companies including Facebook, poses a risk to the global financial system. дальше »
2019-7-15 17:33 | |
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Will Facebook’s Libra build a truly open system? Or will it end up as permissioned system?
An uproar was witnessed in the cryptocurrency ecosystem long before Facebook officially released the whitepaper for Libra, which is supposed to be a global cryptocurrency. Whether this will be an open system or become a permissioned system, is still unclear. дальше »
2019-7-12 03:30 | |
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European Central Bank Executive Calls For Speedy Regulations to Govern Facebook’s Libra
European Central Bank Executive Board member Benoit Coeure has said that financial regulators across the world must move fast in preparation for the planned Libra’s entry into the financial system, Bloomberg reports. дальше »
2019-7-8 17:32 | |
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Libra will not necessarily work with financial system but transform it completely: Ripple exec
Social media giant, Facebook, released its vision for the upcoming digital coin, Libra, on Jun 18, 2019. This whitepaper was met with a lot of criticism that highlighted the drawbacks, even though some acknowledged it as a good tech that will help the space. дальше »
2019-7-4 17:00 | |
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Libra makes the U.S govt very uncomfortable, says ShapeShift CEO
Although the reaction to Facebook’s short-lived entrance into the crypto market reflected the general fear toward a permanent fiat replacement, it managed to stir crypto-centric discussions for a wider group of people. дальше »
2019-7-4 11:00 | |
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Congressional Subcommittee To 'Immediately' Halt Libra Progress
In a letter sent to Facebook's principals, including Mark Zuckerberg, Representative Maxine Waters asks the social media giant to stop "any movement forward on Libra," fearing the project will lead to an entirely new global financial system based out of Switzerland. дальше »
2019-7-3 18:57 | |
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Cryptoverse questions Facebook’s ‘centralized’ intentions after Libra Network is registered in Geneva
Facebook’s entry into the cryptospace has resulted in mixed feelings within the community, primarily with respect to the social media giant’s motive behind the introduction of Libra. While the company had previously shared its intent to deliver a decentralized system governed by third party validators, the cryptoverse has identified a new registration in Geneva that implies […] The post Cryptoverse questions Facebook’s ‘centralized’ intentions after Libra Network is registered in Geneva appeared first on AMBCrypto. дальше »
2019-7-2 20:00 | |
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Libra: Cryptocurrency By Facebook [Infographics]
Coinspeaker Libra: Cryptocurrency By Facebook [Infographics]Libra cryptocurrency announced by Facebook on June 18 may become a fresh breath in the global financial system. Let's puzzle out the details of the innovative project with the infographics by MrBTC. дальше »
2019-6-29 09:57 | |
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European Banks Receive Instant Payments Plan to Stave Off Libra Takeover
Finance industry officials have hinted toward the development of a real-time payments system with instant settlement to be used by banks across the Eurozone. Traditional financial systems have come under pressure from cryptocurrencies and, more recently, Facebook’s new digital currency, as reported by Reuters, June 26, 2019. дальше »
2019-6-29 21:00 | |
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Chainspace co-founder: Facebook’s dystopian, censorship-prone cryptocurrency
Mustafa Al-Bassam, the co-founder of Facebook acquired blockchain startup Chainspace, said Libra could recreate a dystopian financial system that’s less censorship resistant and easier to manipulate than the current one. дальше »
2019-6-28 14:10 | |
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EU Banks Race To Implement Instant Payments In Wake Of Libra Announcement
Countries within the eurozone could have an instant payments system implemented across all banks by 2020 as finance industry officials fear competition with Facebook's Libra cryptocurrency.
дальше »2019-6-28 19:20 | |
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The Mother of Central Banks Sounds the Alarm on Facebook's Cryptocurrency Libra
The Bank for International Settlements (BIS), an institution owned by the world's central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system. дальше »
2019-6-25 16:18 | |
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