FSB Recommends Stablecoin (Libra) Safeguards as G7 Continues Blockade

2020-10-14 21:44

Finance officials never once named libra. But they didn't have to; the proposed stablecoin's shadow still looms large.

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stablecoin libra didn shadow large looms still

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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


Facebook Ditched Bitcoin For Libra Over Its Inability to Scale: Bill Barhydt

Facebook (FB) actually preferred to use Bitcoin: Abra CEO, Bill Barhydt The plan was to create a scalable Bitcoin as anything transactional with BTC was effectively untenable Bitcoin consultant, Udi Wertheimer begs to differ Before going with its own stablecoin Libra, social media giant Facebook (FB) has been considering using Bitcoin, Bill Barhydt, CEO of […]

2019-9-8 17:56


Facebook’s Libra does not have any characteristics associated with cryptos, claims Jake Chervinsky

The introduction of Facebook’s Libra has been one of the highlights of 2019, but it was not smooth-sailing for the virtual asset. The Facebook-backed stablecoin received collective criticism from government officials, crypto-personalities and a majority of the community, with many questioning its potential use cases and characteristics as a cryptocurrency.

2019-9-7 20:30


Binance’s Venus will Face the Same Challenges as Facebook’s Libra, says Crypto Researcher

Libra to serve as a cautionary tale for Binance’s Venus The exchange is planning to launch an independent association in charge of stablecoin project Instead of Western companies, Venus’ geographic scope aligns with Beijing's infrastructure initiative Last week, the world's largest cryptocurrency exchange Binance announced its upcoming project, Venus. With that the Mata-based crypto platform […]

2019-8-31 18:23


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.

2019-8-20 19:49


Walmart Applies for a Cryptocurrency Patent for Its Stablecoin Mimicking Facebook’s Libra?

Multinational retail corporation, Walmart has filed for a patent with the US Patent & Trademark Office for what seems like the firm’s respective stablecoin, the Walmart Coin. As per the brief overview of the application, the need for a method was outlined as follows: “Generating one digital currency unit by tying the one digital currency […]

2019-8-3 19:47


Japan Analyses Libra’s Economic Influence And How It Can Affects Financial Stability as G7 Approaches

Japan analyses Libra influence on the economy and the impact it can have on the economy The virtual currency was announced by Facebook on June 18 Japan is analyzing the effects that the recently announced Libra stablecoin would have on the financial markets and the economy. This is according to a recent report released by […]

2019-7-14 19:28


Libra effect on Gemini Dollar? GUSD sheds over 88% value over seven months

The Winklevoss twins’ old-time enemy, Mark Zuckerberg entry to the crypto space through the upcoming stablecoin was no less than a grand plan and naming it Libra was just icing on the cake. As the former Harvard classmates were all set to put their bets on their respective stablecoins, Gemini failed to gain significant momentum […] The post Libra effect on Gemini Dollar? GUSD sheds over 88% value over seven months appeared first on AMBCrypto.

2019-7-5 02:00