U.S. Deputy Treasury Secretary Segal Mandelker said cryptocurrencies could be the next frontier in the fight against terrorism. Today, Treasury Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker addressed the 19th Annual International Conference on Counterterrorism. https://t.co/YHDAbFRwd5 – Treasury Department (@USTreasury) September 11, 2019 “Terrorist organizations and their supporters are constantly looking for new ways […]
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Facebook's Libra digital currency is vulnerable to economic shocks, writes Bloomberg, citing analysts at banking holding JPMorgan. According to them, she will not be able to provide the level of security that existing payment systems offer. First of all, we are talking about a bottleneck problem – when network bandwidth is limited, and the activity of participants does not stop growing. At JPMorgan […]
The Middle East Media Research Institute (MEMRI) published a report stating that terrorist organizations ISIS, al-Qaeda and Hamas receive funding in the cryptocurrency using the Telegram messenger. It is reported by Jewish News Syndicate. In particular, MEMRI noted that in January representatives of Izz al-Din al-Kassam (the military wing of Hamas) used the Telegram and WhatsApp messengers, and […]
North Carolina congressman Ted Budd re-introduced the Virtual Value Tax Fix Act bill to the House Committee on Budget, which proposed removing cryptocurrency transactions from double taxation. The relevant document is posted on the website of the US Congress. So, Budd believes that the Internal Revenue Code (1986) needs to be amended according to which digital currencies […]
The Board of Governors of the US Federal Reserve System (FRS) announced that the US central bank intends to develop its own payment and settlement network FedNow Service, which will allow any American bank to provide customers with round-the-clock and almost instant payments. @federalreserve announces Federal Reserve Banks will develop FedNow Service, a new round-the-clock real-time payment, settlement service to support faster payments in […]
The head of the cryptocurrency company Circle Jeremy Alleyr during a public hearing organized by the Banking Committee of the US Senate called on lawmakers to eliminate legal uncertainty in the field of digital assets. “Congress should adopt a national asset class policy.” […]
Facebook CEO Mark Zuckerberg said that the world's largest social network does not abandon plans to launch a digital currency, Libra, and will spend "as much time as it takes" to win over regulators and other interested parties. Zuckerberg made a corresponding statement this week during a conference call with investors on Facebook, during which he tried to reassure […]
The largest social network Facebook has gained the support of the lobbying firms Sternhell Group, Cypress Group, OB-C Group, as well as law firms BakerHostetler and Davis Polk, which specialize in the field of finance, to help launch and eliminate regulatory issues around the cryptocurrency project Libra. This is reported by Politico. Efforts of lobbyists will be directed to the legislators of the state of Washington in order to achieve a better understanding of the technology […]
The Committee on Digital Technology, Culture, Media and Sports of the House of Commons of Great Britain fears the consequences of the launch of the Libra digital currency, which, according to its representatives, could make Facebook too powerful, reports Financial News. Committee chairman Damian Collins, who once led an investigation into the scandal with Cambridge Analytica, questioned Facebook’s ability to secure financial data […]
Large non-profit organizations called on the founding members of the Libra Association consortium, which in the future should manage the validator nodes in the digital currency network developed by Facebook, leave the project and not be afraid of the social network, despite its market dominance. These organizations include the Open Markets Institute, the Public Citizen, the Demand Progress Education Fund, and the Revolving Door Project. On the heels of Open Markets publicly […]