Facebook's Libra has nothing to do with cryptocurrencies and Twitter is not even considering joining the project. This was stated by CEO of the service Jack Dorsey, said Hollywood Reporter editor Alex Veprin. Would Twitter join the Libra project? “Hell no,” Jack Dorsey says. "Nothing within Libra had to be a cryptocurrency to do what they wanted […]
Congress
Weder di Mauro, president of the Center for Economic Policy Research (CEPR), is confident that regulators are unlikely to allow Facebook to launch the Libra digital currency project. It is reported by CNBC. “What Libra did shocked the central banks,” said di Mauro. According to her, monetary regulators did not expect such a sudden appearance of a private currency created by a private company. “That’s why probably […]
Facebook will cease membership in the Libra Association if a project to create the digital currency of the same name is launched without the consent of the regulator. The head of the world's largest social network, Mark Zuckerberg, said this on Wednesday, October 23, during a hearing in the US Congress. The hearing at the House of Representatives Financial Services Committee lasted several hours, during which Zuckerberg […]
The US Federal Reserve is actively considering the possibility of issuing digital currency, fearing the dollar will lose its leading position in the global financial system. This was stated by President of the Federal Reserve Bank of Dallas Rob Kaplan, reports CoinDesk. In his opinion, if a foreign government or company issues digital money that will be widely recognized, this could lead to the loss of the world's reserve status by the dollar […]
The heads of three US financial regulators in a joint statement warned participants in the cryptocurrency industry about the need to comply with various regulatory requirements. This was reported on the website of the Commission for derivatives trading (CFTC). The statement was signed by CFTC CEO Heath Tarbert, Director of the Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco and Chairman of the US Securities and Exchange Commission (SEC) […]
Payment companies Mercado Pago, Visa, Stripe, Mastercard and the eBay online trading platform have left the digital currency project Libra, the largest social network Facebook, according to the Financial Times. “We respect the vision of the Libra Association. However, eBay decided not to move forward as a founding member. Currently, we are focused on introducing the managed payment option for our users, ”said representatives […]
The author of the initiative to create an alternative version of the digital currency Libra incorrectly provided information about some of the project participants. So, representatives of Tendermint, Chainlink, Web3 Foundation and Hashed denied their participation in it, CoinDesk reports. Earlier this week, during the Devcon5 conference in Osaka, Wireline co-founder Lucas Geiger introduced the OpenLibra initiative, designed to become the "non-corporate version of Libra" […]
The head of the largest social network Facebook Mark Zuckerberg will testify before the Committee on financial services of the US House of Representatives. This was reported on the website of the department. Hearings on “studying the impact of Facebook on financial services and housing” will be held on October 23. Zuckerberg will be the only witness to them. In July, the head of the financial services committee, Maxim Waters, demanded to suspend […]
German Finance Minister Olaf Scholz believes that the country should not lag behind other states or private companies with the issuance of digital currency, reports Wirtschafts Woche. “Such a payment system would be useful for the financial center of Europe and its integration into the global financial system. We should not leave this field of activity to China, Russia, the USA or any private players, ”[…]
Special Commissioner of the US Securities and Exchange Commission (SEC) Hester Pearce believes that cryptocurrencies in the future may become “Internet money,” reports Cointelegraph. Pierce shared her views on digital assets and regulation at the Cryptocurrency Legal Compliance Summit (DACOM) in New York. She stated that she sees digital assets as a “mechanism for transactions,” an important function of which is […]