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Euro Regulators Urge Central Bank to Issue Regulated Digital Currency as Stablecoin Threat Looms
Regulators in Europe have called on the European Central Bank (ECB) to explore the feasibility of launching a digital currency for the bloc. Supranational agencies and governments, alike, have labeled stablecoins – especially Libra – a potential menace to financial stability. дальше »
2019-11-6 14:00 | |
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Facebook’s Libra May Not Get The Green Light As It Has Shaken Up The Central Banking Community
Facebook’s Libra, according to the president of a European think tank, might not get approved for its launch next year but it could definitely spur the creation of a different digital global currency. дальше »
2019-10-25 16:26 | |
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Libra Will Push Ahead Despite Trial on US Innovation, Says Congressman
After a recent congressional hearing, Rep. Patrick McHenry (R-NC) said that despite the current regulatory backlash Libra faces, the digital currency proposed by Facebook will likely launch. The Congressman also said he didn’t think it was right for Facebook to be undergoing the level of scrutiny it has encountered at such an early stage of […] The post Libra Will Push Ahead Despite Trial on US Innovation, Says Congressman appeared first on BeInCrypto. дальше »
2019-10-26 15:38 | |
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Zuckerberg Spins Congress: Back Facebook Cryptocurrency or Let China Win
Mark Zuckerberg will appear before Congress on Wednesday to defend Facebook’s controversial ‘cryptocurrency’ project, Libra. In his prepared remarks, the Facebook CEO will tell lawmakers that America risks losing “financial leadership” to China if they don’t get behind his company’s plan. дальше »
2019-10-23 13:07 | |
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Libra Association Ready to Address Regulatory Concerns, Claims Board Member
According to David Marcus, a board member at the Libra Association and head of the proposed Calibra digital wallet, the group is now ready to start addressing the long list of concerns global regulators have about the digital currency Facebook announced earlier this year. дальше »
2019-10-16 05:12 | |
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Threatened by Libra, US Central Bankers Reconsider a ‘FedCoin’
Facebook’s proposed digital currency, Libra, appears to have forced the US Federal Reserve to reconsider the idea of issuing its own purely digital means of payment. The issue is expected to be a hot topic at meetings of the International Monetary Fund and World Bank this week. дальше »
2019-10-16 03:18 | |
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‘Innovation Crushing’ Crypto Law Could Sneak Through California Legislature
A proposed law in California could have a disastrous impact on both the U. S. cryptocurrency scene and the global industry, according to a newly-launched advocacy group. Launched today, The Aquarian Advocacy Group (TAAG) says it will campaign the proposed Uniform Regulation of Virtual Currency Businesses Act, which is currently under debate in California’s State Assembly. дальше »
2019-9-30 20:00 | |
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Former Senior Federal Reserve Official: US Dollar is Best Reserve Currency, Not Libra
Talk around the regulation of Facebook’s Libra stable coin is intensifies as the potentially mega disruptive digital asset aims to launch in 2020. Earlier in August, the Governor of the Bank of England, Mark Carney, proposed the development of digital currencies as a suitable replacement of the US Dollar. The adoption of digital assets provides […] дальше »
2019-9-26 18:36 | |
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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 Revives Plans for a Rival Coin to Libra & Bitcoin
It seems Facebook’s woes are starting to mount as the European Central Bank (ECB) revives plans to create its own digital currency in direct competition to Libra and bitcoin. Yet another Libra challenger steps up to the plate. дальше »
2019-9-18 19:59 | |
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Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin
In a recent tweet, U. S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less. ” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U. дальше »
2019-9-14 11:45 | |
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Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)
China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC). дальше »
2019-9-12 22:30 | |
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Proposed Chinese Digital Currency Set To Follow Comparable Traits To Facebook’s Libra
The newly appointed Chinese head of digital currency claims that the digital yuan will have some comparable traits to Facebook’s Libra currency and the public will be able to use it within various Chinese payment platforms namely WeChat as well as Alipay CoinDesk reports. дальше »
2019-9-6 20:12 | |
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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. дальше »
2019-9-6 15:44 | |
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PBoC Says China’s New Digital Currency Will be Better than Facebook’s Libra
Coinspeaker PBoC Says China’s New Digital Currency Will be Better than Facebook’s LibraChina’s proposed new digital currency would be better than Facebook’s Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank official said. дальше »
2019-9-6 13:58 | |
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China’s Cryptocurrency 'Protects' Legal Currency Yuan: Central Bank Official
China's incipient digital currency will apparently "bear similarities" to Facebook's own proposed cryptocurrency and is intended to protect China's 'monetary sovereignty', according to a superior within China's central bank. дальше »
2019-9-6 13:40 | |
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China’s Cryptocurrency ‘Protects’ Legal Currency Yuan: Central Bank Official
China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank. дальше »
2019-9-8 13:40 | |
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Facebook’s Libra Slammed by European Central Bank Executive
According to news published on Bloomberg on Septemeber 2, Yves Mersch, an executive board member at the European Central Bank (ECB), stated that Facebook’s proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy. дальше »
2019-9-3 09:00 | |
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Binance: China’s Digital RMB To Operate As ‘Two-Tier System’
A recent report from Binance Research has looked into the potential characteristics that can be expected for the proposed digital currency of China. As members of China’s government and central bank have indicated, this digital currency will utilize a ‘hybrid’ system that includes blockchain features and other operating technologies. дальше »
2019-9-2 23:00 | |
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Agorism and Bitcoin: Free People Don’t Ask Maxine Waters for Permission
Anti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week. дальше »
2019-8-30 11:45 | |
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China’s State-Backed Cryptocurrency: ‘Gaining Momentum’ Or ‘Inaccurate Speculation’?
China’s Government and Central Bank just can’t seem to align on the proposed central bank digital currency (CBDC). On Tuesday, government-supported tabloid, Global Times, reported that the Central Bank called speculation on an upcoming launch ‘inaccurate speculation’. дальше »
2019-8-29 14:00 | |
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South Korea Regulator to Support Proposed Crypto Exchange Regulation
The chairperson of the South Korean Financial Services Commission (FSC) has stated that he is in favour of a proposed reporting system for crypto exchanges operating in the nation. The regulations may serve to make digital currency trading platforms more transparent, as well as helping to protect against money laundering and other financial crimes. дальше »
2019-8-28 23:00 | |
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Dow Futures Bloodbath as China 'Weaponizes' Currency Against Trump
US stocks are set to open deep in the red on Monday, as Dow Jones Industrial Average (DJIA) futures fell more than 300 points lower. Stock markets are in free fall around the world after China hit back at Trump’s proposed tariffs and Twitter threats. дальше »
2019-8-5 14:00 | |
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Government Restrictions on Cash Transactions Show Why Bitcoin is Important
The government of Australia wants to ban cash payments for goods and services exceeding 10,000 AUD ($6,900). Interestingly, it excludes digital currency, such as Bitcoin, from the restrictions, arguing that if the regulations cover crypto assets, they would also limit innovation. дальше »
2019-7-30 02:00 | |
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Australia Wants To Limit Cash Payments Not Cryptocurrency
Draft legislation from Australia’s Department of Treasury has proposed limits on cash payments exceeding $10,000. Interestingly, cryptocurrency is not negatively mentioned in the document. Australia Moves to Limit the Size of Cash Payments Australia’s Department of Treasury recently published a new set of preliminary guidelines that govern the size of cash-based currency payments. дальше »
2019-7-29 09:21 | |
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Tim Draper: Bitcoin Ban Will Set India Back 40 Years
American venture capital investor, Tim Draper, has commented on India’s proposed bitcoin and crypto ban stating that it will set the nation back 40 years. Death Knell For Bitcoin and Crypto in India India has clearly taken a leaf out of China’s book with its draconian attitude towards crypto assets. дальше »
2019-7-26 14:02 | |
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Survey finds adults couldn’t care less about Facebook’s Libra ‘cryptocurrency’
Facebook Libra’s potential to help cryptocurrency go mainstream has been touted in recent weeks, but recent survey results indicate otherwise. According to a poll conducted by CivicScience, which looked into general interest and public concerns surrounding Libra following the announcement of its launch, only five percent of 1,799 US adults surveyed expressed any level of interest in the proposed digital currency. дальше »
2019-7-24 19:09 | |
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“This Is The Revolution: We Just Have To Sell It” – Congressman Schweikert On Blockchain
Facebook took a hammering this week, with the proposed Libra currency taking fire from blockchain skeptics and decentralization advocates alike. But there is one silver lining to come from this weeks’ hearings: the prospect of a global, corporate digital cryptocurrency appears to have spurred Congress into action. дальше »
2019-7-18 19:31 | |
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Facebook’s David Marcus vs. Senate: Key Takeaways from the Battle for Libra
Coinspeaker Facebook’s David Marcus vs. Senate: Key Takeaways from the Battle for LibraFacebook crypto chief David Marcus testified before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing examining Facebook's proposed digital currency Libra and data privacy considerations. дальше »
2019-7-17 18:22 | |
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Watch Facebook’s David Marcus Testify Before the Senate Banking Committee on Libra
Coinspeaker Watch Facebook’s David Marcus Testify Before the Senate Banking Committee on LibraFacebook crypto chief David Marcus testifies before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing examining Facebook's proposed digital currency Libra and data privacy considerations. дальше »
2019-7-16 18:22 | |
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Regulators wary of Facebook's Libra
Facebook's Project Libra has put the world on notice. The cryptocurrency genie is out of the bottle and regulators are nervous. From Japan to the US, authorities around the world are pushing back against the proposed digital currency. дальше »
2019-7-10 22:00 | |
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”Stop Right Now!” – How Much Government Officials Already Hate Facebucks
The best thing about Facebook’s proposed digital currency isn’t its BTF consensus algorithm, account-based data model or single Merkle tree structure. No, the greatest thing about Libra has to be the triggered reactions from politicians and bankers who can sense the rug being pulled from under their feet, threatening their hegemony and upending their world […] The post ”Stop Right Now!” – How Much Government Officials Already Hate Facebucks appeared first on Bitcoin News. дальше »
2019-6-27 06:55 | |
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US House of Representatives to Hold Hearing on Facebook’s Libra in July
Facebook will testify before two government committees on its proposed virtual currency Libra on July 16 and 17
дальше »2019-6-25 00:10 | |
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Russian Gold-Backed Crypto Slams the Global US Dollar Standard
By CCN Markets: Russia is continuing to explore the possibility of a gold-backed cryptocurrency for use as a cross-border settlement alternative with other countries. Under heavy sanctions from the US, the potential of a value-pegged cryptocurrency could help Russia escape from the usage of the Dollar as a currency standard. дальше »
2019-6-17 15:17 | |
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Cryptocurrency regulation necessary for money laundering, not ban in India; tweets WazirX CEO
The ‘draft bill’ in India for banning digital assets that circulated through social media stunned the entire crypto community as the regulatory bodies are yet to clarify its stance on the matter. дальше »
2019-6-15 21:00 | |
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Italy’s Terrifying Currency Scheme is Insanely Bullish for Bitcoin
By CCN Markets: The Italian government is mulling the decision to issue a “parallel currency” in a move that could plunge the eurozone into crisis – and provide the best case yet for mass bitcoin adoption. дальше »
2019-6-14 16:15 | |
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India Looks to Impose Harsh Crypto Legislation, Market Shift Expected
India’s anti-bitcoin lawmakers have proposed a law that prohibits citizens from possessing, trading or profiting from bitcoin-related ventures which include mining. The “Banning Cryptocurrencies and Regulation of Official Digital Currency… The post India Looks to Impose Harsh Crypto Legislation, Market Shift Expected appeared first on CoinCentral. дальше »
2019-6-11 17:46 | |
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India’s Insane Anti-Crypto Bill Proposes 10-Yr Prison for Bitcoin Adopters: Report
By CCN: Lawmakers in India have proposed a bill which would see Bitcoin and crypto ownership made completely illegal, with as much as a 10-year prison sentence for anyone caught holding. This coincides directly with India’s plans to launch its own state-backed cryptocurrency – the Digital Rupee. дальше »
2019-6-7 13:19 | |
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Kraken Turns Tables on Canadian Regulators in Nine-Page Rebuttal
By CCN: Kraken is not pleased with the way Canadian regulators propose to go about governing crypto trading platforms. In a sternly written paper to the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada, the crypto exchange explained its gripes. дальше »
2019-5-18 21:50 | |
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Despite Industry Pushback, G20 May Impose Stricter KYC Policy on Exchanges
It looks as if cryptocurrency service providers will have to adopt stricter know-your-customer (KYC) policies all across the world — and not everyone is happy about that. дальше »
2019-5-13 21:33 | |
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Nike’s ‘cryptokicks’ trademark application hints at its new blockchain ambitions
Nike Inc has submitted a trademark application for the word ‘cryptokicks’, signalling it may be gearing up to launch its own digital currency and a host of cryptocurrency related products. The application, filed on April, 19, outlines how the company‘s proposed digital currency could be used by an online community. дальше »
2019-4-25 19:13 | |
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Bitcoin [BTC] mining could go nuclear; Belarus emerges as China successor
Belarus has emerged as a contender to take the cryptocurrency mining mantle for China, following the latter’s proposed ban that looks to outlaw the domestic mining industry. Aleksandr Lukashenko, the President of the eastern European country, voiced his support for the decentralized currency industry in what will be a new chapter for the country. дальше »
2019-4-20 12:30 | |
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Japan’s Biggest Bank Confirms Launch of Digital Currency ‘Coin’ in 2019
Following months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency. дальше »
2019-4-13 13:22 | |
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Token Taxonomy Act makes comeback; proposes removal of cryptocurrencies from umbrella of securities
Cryptocurrencies being characterized as securities may soon fade away, courtesy of the reintroduction of the Token Taxonomy Act in the United States House of Representatives. Proponents of the decentralized currency realm have long contested decentralized currencies being labeled with the securities tag. дальше »
2019-4-11 01:30 | |
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You’ll need a bank account to use UnionBank’s new Bitcoin ATM
UnionBank (UBP), the seventh largest bank in the Philippines officially got itself into the cryptocurrency game this week, but there’s a catch. Users will be required to use a UBP bank account to exchange funds to and from virtual currency. дальше »
2019-4-4 15:10 | |
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Japan Introduces Stricter Regulation for Crypto Margin Trading
Japanese regulators have reportedly approved draft amendments to the country's financial instruments and payment services laws, introducing stricter regulations for margin trading of digital assets. дальше »
2019-3-21 21:27 | |
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