Libra cannot go forward until Facebook addresses serious concerns: Federal Reserve Chair

News	2019-7-11 10:00

You’ve been blocked? Less than a month after being formally unveiled, Facebook’s cryptocurrency project has run into its biggest roadblock. Jerome Powell, the Chair of the United States Federal Reserve stated that Libra ‘cannot go forward,’ until serious concerns regarding its working are addressed by the social media giant.

Powell, speaking before the US House […]

The post Libra cannot go forward until Facebook addresses serious concerns: Federal Reserve Chair appeared first on AMBCrypto.

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Источник: ambcrypto.com

federal concerns → Результатов: 25

Bitcoin jumps to $49K amid fears of 5%-plus inflation is here to stay

Rushing to the so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve could taper its $120-billion-a-month asset-purchasing program.

2021-9-20 17:53	Markets
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U.S. Federal Reserve Puts Facebook’s Project Libra in the Hot Seat

The United States Federal Reserve Chairman, Jerome Powell, has joined the growing list of authorities calling for the head of Mark Zuckerberg and Project Libra. Powell says Libra’s global cryptocurrency poses serious concerns regarding money laundering, privacy, and a host of others reports CNBC on July 10, 2019.

2019-7-11 17:00	Regulations
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FED Chairman: Facebook’s Libra Cannot Go Forward!

Coinspeaker FED Chairman: Facebook’s Libra Cannot Go Forward!Federal Reserve Chairman Jerome Powell said that Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability, adding that the project “cannot go forward” until Facebook’s answers to regulators’ questions.

2019-7-11 10:01
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FBI asks victims of bankrupt QuadrigaCX cryptocurrency exchange to start snitching

The Federal Bureau of Investigation (FBI) is stepping up its probe into defunct Canadian cryptocurrency exchange QuadrigaCX. In an announcement yesterday, the FBI asked victims affected by the QuadrigaCX collapse to come forward and complete a questionnaire to aid with its “ongoing investigation.

2019-6-4 16:18	hard fork
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IRS Commissioner Makes Crypto Tax Clarity a Priority

The U. S. Internal Revenue Service (IRS) is planning to overhaul its methods for determining the federal taxes due on cryptocurrency payments to improve clarity for taxpayers.

2019-5-21 20:54	Regulation
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SEC Delays VanEck ETF Yet Again

In the Bitcoin industry’s Sisyphean struggle to secure a Bitcoin exchange traded fund (ETF), the boulder is rolling back down the hill. The U. S. Securities and Exchange Commission (SEC) posted a notice today, May 20, 2019, that it is delaying its decision on the VanEck and SolidX Bitcoin ETF proposal.

2019-5-21 00:19	Bitcoin
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Dow Rallies 300 Points But Fed Insider Reveals Ominous Warning

By CCN: The Dow Jones exploded toward a spectacular recovery on Tuesday, launching the stock market bellwether more than 300 points higher despite lingering concerns about the U. S. -China trading relationship.

2019-5-15 19:30	Federal Reserve
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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General

Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.

2019-5-1 01:22	Law & justice
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After QuadrigaCX: New Regulations for Canadian Exchanges Are in the Works

As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.

2019-3-20 18:42	Regulation
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Elon Musk: SEC Chaos Might Allow Tesla CEO to Work on Less ‘Boring Projects

If Elon Musk was busy last week, he’s swamped this week. The workaholic Tesla boss has his hands full at the best of times overseeing one of the world’s most valuable car companies (Tesla), a ground-breaking private space exploration enterprise (Space X) and his lesser-known but equally interesting public-transit company (The Boring Company).

2019-3-14 04:55
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Dow Plunge Imminent as US Ambassador Admits Trade Deal ‘Isn’t There Yet’; Chinese Stocks Crash

Throughout March, despite concerns regarding the decline in household net worth, increasing federal debt, and the downside earnings revisions of major U. S. conglomerates, analysts have forecasted an optimistic short-term movement for the Dow Jones due to trade deal optimism.

2019-3-9 16:50	dow jones
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Indian Supreme Court Gives Government Deadline to Reach Decision on Crypto Regulations

The Supreme Court of India made a decision on February 25, 2019, to present the government with an ultimatum: Develop crypto regulations within the next four weeks or the court will make its own judgement.

2019-2-26 22:02	Regulation
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Should Bitcoin Users Switch to Apple Products Over Privacy Concerns?

In October, Apple CEO Tim Cook gave a speech regarding the need to fight back against the “data industrial complex” and create new federal regulations in the United States for protecting consumers’ digital privacy.

2019-1-2 01:05	Tim Cook
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U.S. SEC Delays Decision on VanEck's Bitcoin ETF Until February 2019

The U. S. Securities and Exchange Commission (SEC) has postponed its decision to approve or disapprove the VanEck/SolidX bitcoin exchange-traded fund (ETF). Per an official document published by the agency, the new deadline to review the VanEck proposal has been shifted to February 27, 2019, which the regulator claims would afford it the time needed to review the potential rule change further.

2018-12-7 19:56	Regulation
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South Korea Is Trialing Blockchain Voting — Here’s What That Means

South Korea will test out a new blockchain voting system this month, sources close to the developments have confirmed to Bitcoin Magazine. Developed by the country’s National Election Commission (NEC) and its Ministry of Science and ICT, the distributed ledger system is based on IBM’s Hyperledger Fabric and will be used to authenticate voters and save voting results in real time.

2018-12-4 21:41	blockchain
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Brazil’s Tax Authority Goes After Cryptocurrency Profits

Brazil’s tax authority has published proposals to regulate the cryptocurrency landscape over concerns digital assets are being used to launder money and evade tax. A document released by the Department of Federal Revenue of Brasil (RFB) disclosed plans that will force cryptocurrency traders to reveal their identities and for exchanges to submit financial reports to […] The post Brazil’s Tax Authority Goes After Cryptocurrency Profits appeared first on Bitcoin News.

2018-11-3 13:00
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Janet Yellen Says in Time of Crises People “Sell Those Things and Try to Immediately Switch to Digital Cash”

The former chairwoman of the US Federal Reserve said that Fed was not very enthusiastic regarding a digital currency because: “Whenever there are concerns about any other form of deposit. . .

2018-10-30 20:23	USA
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Bitcoin.com CEO Roger Ver Compares Bitocin’s Intrinsic Value To Gold: “There Is None”

CEO of Bitcoin.com, Roger Ver spoke about the growth and adoption of Bitcoin Cash [BCH] in South Korea, during an interview with South Korea’s SBS CNBC this Tuesday. He discussed the global concerns surrounding the cryptocurrency market as evidenced by the recent statement made by Jerome Powell, the Federal Reserve Board Chairman. Roger stated that […]

2018-9-21 11:47	News
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“Not a Great Precedent”: Commissioner Discusses the SEC’s Latest ETF Decision

When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell.

2018-8-4 22:49	Regulation
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SEC Puts Off Decision on 5 Bitcoin ETFs Till September 2018

The U. S. Securities and Exchange Commission (SEC) has postponed the review of Bitcoin ETFs proposed by investment firm Direxion Asset Management, as it needs more time to study the proposal before reaching a final decision.

2018-7-26 23:43	Investing
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Federal Reserve Chairman: Cryptocurrencies Are Not A Threat To The Existing Financial System, Crime And Consumer Protection Are Concerns

According to Bloomberg, Jerome Powell, the Federal Reserve Chairman, in a testimony before the House of Financial Services Committee, confidently stated that the cryptocurrency industry is currently not a threat to the existing financial system.

2018-7-21 16:11	News
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Federal Reserve Chairman: Cryptocurrencies Are Not A Threat To The Existing Financial System, Crime And Consumer Protection Are Concerns

2018-7-20 20:46	Cryptocurrency News
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Fed Governor’s Crypto Testimony Reveals US Central Bank Has No Plans For Regulation

Jerome Powell, chairman of the U. S. Federal Reserve, raised concerns about cryptocurrencies on Wednesday, saying they present serious risks to investors. During his testimony before the House Committee on Financial Services,Powell was asked for his opinion on cryptocurrencies and he had few kind words for the sector.

2018-7-19 15:00	News
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Ripple Labs Faces Its Third XRP-Related Lawsuit as SEC’s Stance Remains Unclear

There are still some concerns as to whether or not Ripple’s XRP will be labeled a security. The SEC has not yet rendered its verdict in this regard. Another lawsuit has been filed against the founder of Ripple Labs, alleging that the defendants broke state and federal securities laws by selling the unregistered XRP asset. […]

2018-7-6 19:00	XRP
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Op Ed: Scaling Capital Market Adoption of Blockchain Technology With SHA-3

The shift has already started; finance is moving onto the blockchain, leveraging the decentralization and disintermediation benefits of the technology’s architecture.