2019-10-29 18:34 |
Regulatory hostility and adoption concerns are some of the issues that Libra will have to face as it moves to release its controversial payment system
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Libra is facing stiff competition on all fronts with the U.S. government setting up regulatory roadblocks and competitors launching their own versions. How is the project coping?
2019-9-1 21:50 | |
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Facebook has not had any breathing space since announcing their upcoming cryptocurrency project in mid-June due to the stern regulatory concerns it has been facing. Facebook came up with Libra project with the ultimate goal of banking the unbanked by bringing on board 28 payments and tech behemoths as partners.
2019-8-23 22:10 | |
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All eyes will be on Washington D. C. once again. The cryptocurrency industry, from a regulatory standpoint, will be divided into two phases of history; one before Libra and the other after. Since Libra was unveiled in mid-June, regulators the world over have not let up.
2019-7-24 14:00 | |
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Facebook’s cryptocurrency project has been heavily scrutinized by governments throughout the world. Regulatory authorities have asked the American social media firm to provide more information regarding its crypto project, while some lawmakers have requested that...
2019-7-24 13:44 | |
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The central bank of Germany, the Bundesbank, released a bulletin in which they say that Libra’s benefits should be allowed despite regulatory uncertainty. The bulletin was titled Crypto tokens in payment transactions and in securities settlement and it was published on July 22nd, according to Cointelegraph.
2019-7-23 18:54 | |
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Facebook’s Libra continued to grace the headlines, with high-stakes questions regarding its potential risks continuing to dominate the news. Libra’s extensive scrutiny had corrected the crypto-market significantly, with rumors suggesting that the contentious project would lead to tighter regulatory surveillance over Bitcoin and the cryptocurrency industry.
2019-7-21 03:30 | |
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G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation.
2019-7-20 13:00 | |
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All this week, the crypto market has been under a microscope both by politicians with regulatory power, and throughout the entire crypto community hoping to determine what long-term implications Facebook’s Libra will create for Bitcoin now that policymakers are up in arms over the asset class.
2019-7-20 04:01 | |
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Ripple CEO, Brad Garlinghouse, explained how there should be a level playing field when it comes to cryptos, adding that Secretary Mnuchin was right with his points during the hearing. Garlinghouse spoke to CNBC and gave his views on how Libra has helped the cryptocurrency ecosystem gain more traction by trying to fast-forward discussions and by […] The post Facebook approached the regulatory scene brazenly, says Ripple’s Brad Garlinghouse appeared first on AMBCrypto.
2019-7-20 21:00 | |
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Markets are up today with good regulatory vibes following positive reactions from a number of American Senators who successfully distinguished Bitcoin from the much-maligned Libra. Traders witnessed Bitcoin jumping 10% in about an hour, a leap similar to that seen at the beginning of the bull rally back in April of this year.
2019-7-20 02:54 | |
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Markets are up today with good regulatory vibes following positive reactions from a number of American Senators who successfully distinguished Bitcoin from the much-maligned Libra. Traders witnessed Bitcoin jumping 10% in about an hour, a leap similar to that seen at the beginning of the bull rally back in April of this year.
2019-7-19 02:54 | |
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Now that the U. S. Congress and Senate have finished their hearings with Facebook, U. S. Treasury Secretary Steven Mnuchin has set his regulatory sights on Bitcoin. Increased Regulation on the Table Again It appears that the aftermath of the US Congress and Senate Banking Committee’ hearings on Facebook’s Libra coin could present a new set of regulatory problems for cryptocurrency as a whole.
2019-7-19 00:00 | |
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Members of Congress were much more demanding of Facebook blockchain chief David Marcus than were Senators the day prior with both Libra and Bitcoin being spoken about. Facebook’s foray into the radical new world of decentralized ledges has aroused numerous legislative and regulatory pushback efforts.
2019-7-18 19:24 | |
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This week, the crypto market has been turned upside down after United States President Donald Trump tweeted about Facebook Libra, Bitcoin, and crypto. The tweet heard ‘round the world in the crypto space started a domino effect with nearly every US politician and regulatory body making comments about the digital asset class.
2019-7-18 18:37 | |
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The G7 group of nations has warned of the threat posed by stablecoins such as Facebook's Libra and set out draft recommendations for regulation.
2019-7-18 15:00 | |
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Nisa Amoils believes that Facebook's Libra is a platform play.
2019-7-18 13:30 | |
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The testimony of David Marcus opened a regulatory can of worms, possibly complicating and extending indefinitely the bid to actually launch Libra.
2019-7-17 15:17 | |
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While the world is looking at Facebook’s Libra and its recent senate hearing, France is knuckling down and is set to approve the first wave of cryptocurrency businesses under new legislation. Under the rules, cryptocurrency-related firms will voluntarily abide by a regulatory framework that requires them to pay tax, provide consumer protection, and meet capital requirements, Reuters reports.
2019-7-17 11:21 | |
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The makers of Kik’s Kin cryptocurrency, which itself is no stranger to regulatory issues with the US government, do not feel one shred of sympathy for Facebook as Congress rakes Libra over the coals on Capitol Hill.
2019-7-17 01:01 | |
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Earlier today Facebook Libra met with US Senators from the Senate Banking Committee. Here are a few highlights of note from the hearing. Facebook Libra Meets with Lawmakers Again Today Facebook answered questions from concerned US lawmakers on the Senate Banking Committee.
2019-7-17 22:52 | |
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Libra’s regulatory mess is only getting started. In the past week, United States’ Federal Reserve Chair, Treasury Secretary and even the President have come out in vocal opposition to Libra.
2019-7-16 16:30 | |
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Friday night, United States President Donald Trump tweeted about Facebook Libra, Bitcoin, and crypto as a whole, expressing his distaste in the emerging asset class and commenting on their “unlawful” uses.
2019-7-16 23:01 | |
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Facebook crossed the Atlantic, leaving US Congressmen pointing fingers. Libra, the cryptocurrency project launched by Facebook could be left in the docks before it sets sail for Switzerland. After running into harsh winds at the hands of Jerome Powell, Federal Reserve Chair during his hearing before the House Financial Services Committee, the prospects for Facebook […] The post Facebook’s Libra crossed the Atlantic to Switzerland for regulatory certainty, claims US Congressman appeared first on AMBCrypto.
2019-7-11 18:30 | |
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Powell joins the side of regulators wary and critical about Facebook’s Libra project, calling for a halt until regulatory concerns are answered.
2019-7-11 14:29 | |
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Fed Chairman Jerome Powell said Facebook should not be allowed to launch its Libra cryptocurrency until the company details how it will handle a number of regulatory concerns.
2019-7-11 19:45 | |
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Facebook’s motto has been to move fast and break things. That battle cry is about to be tested as regulators across the world are being urged to act even faster and prevent the tech firm from developing its Libra cryptocurrency in a ‘regulatory void’.
2019-7-9 11:17 | |
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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.
2019-7-8 17:32 | |
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Financial regulators must act fast to prepare for Facebook’s Libra stablecoin, according to European Central Bank executive board member Benoit Coeure
2019-7-8 21:09 | |
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The central focus of all squabbles surrounding the stablecoin project Libra was the subject of decentralization. Titled “Libra, 2 weeks in“, David Marcus, the head of Calibra clarified a few issues that have been brought up.
2019-7-4 13:00 | |
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The central focus of all squabbles surrounding the stablecoin project Libra was the subject of decentralization. Titled “Libra, 2 weeks in“, David Marcus, the head of Calibra clarified a few issues that have been brought up.
2019-7-4 13:00 | |
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Facebook’s Libra coin, the new initiative from the company in order to create its own crypto and bring a frictionless and globally-available currency to all its clients is looking to get the New York BitLicense, considered the hardest regulatory approval to get in the United States. The company is taking all the steps to appease […]
2019-7-2 00:39 | |
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Bankers, government officials, and regulators all over the world are feeling increasingly alarmed by the disruptive capabilities of Bitcoin, cryptocurrencies and blockchain technology. Facebook’s recently launched “cryptocurrency”, Libra, is the latest cause of fury, angst, and fear amongst regulatory bodies.
2019-6-29 22:33 | |
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Apart from Bitcoin’s monumental rise recently, Libra has undoubtedly been one of the hottest topics in the cryptocurrency space. The coin that is expected to make its debut in the first half of 2020 saw the disapproval of several regulatory bodies as soon as it was introduced.
2019-6-28 21:30 | |
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With a massive user base that already has experience owning cryptocurrency, Facebook's Libra seems ready to take off in Indonesia, but the social media giant will still have plenty of regulatory matters to iron out first.
2019-6-27 18:56 | |
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Facebook is advertising job offers for a cryptocurrency wallet data engineer and regulatory policy expert as it moves forward with its plans for the Libra project. Meanwhile, stakeholders across the cryptocurrency and mainstream finance industries, as well as government officials, continue to express concerns about the company’s foray into the world of cryptocurrency payments.
2019-6-25 15:00 | |
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It’s been a week since Facebook’s entry into the cryptocurrency and payments world was announced. Since then, a lot has happened. From the Libra lead, David Marcus, talking about shared internal governance control over the cryptocurrency, to the regulatory uncertainty the crypto may face with politicians around the world taking a shot at the it, […] The post Facebook’s Libra finds itself in the crosshairs of the Central Bank of Central Banks appeared first on AMBCrypto.
2019-6-24 09:55 | |
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RBA governor Philip Lowe discusses how Libra faces many hurdles regarding regulatory compliance, and believes Facebook needs to prove a solid business case
2019-6-23 03:27 | |
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Seems like there is no light at the end of the tunnel for Facebook as more problems brew for its cryptocurrency Libra. With the cryptocurrency already facing regulatory scrutiny across the globe, it has reportedly fallen into another pit as trademark issues emerge in South Korea, according to local media.
2019-6-21 21:05 | |
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By CCN Markets: TASS, a major news agency in Russia wholly owned by the federal government, has reported that Russia will not legalize Libra, merely days after its highly anticipated announcement.
2019-6-22 17:15 | |
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France is setting up a task force within the Group of Seven nations to examine regulatory issues raised by Facebook's Libra cryptocurrency.
2019-6-22 16:00 | |
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That didn’t take long – from India, to the US and Europe, regulators are pushing back against Facebook’s Libra cryptocurrency plans. Within a heartbeat of the Libra cryptocurrency announcement, the world’s regulators began signalling: hey.
2019-6-20 14:22 | |
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Several figures from the financial world are currently talking about the hottest subject of the moment: Facebook’s Libra stablecoin. The new crypto is seen as very controversial, with people affirming that it is good while others are very scared of it.
2019-6-20 23:35 | |
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Facebook's Libra coin will face a regulatory "hurricane," warn otherwise-bullish analysts at investment bank Canaccord.
2019-6-19 18:10 | |
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In a captivating revelation during the “What Bitcoin Did” podcast with Peter McCormack, David Marcus, the former spearhead of Facebook’s Libra project and now CEO & co-founder of Lightspark, made intriguing comments about Facebook’s CEO, Mark Zuckerberg’s perspective on Bitcoin.
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