Chairman of the House Financial Representatives Committee of the US House Maxine Waters said that her department will continue to study in detail the features of the cryptocurrency initiative Libra from the largest social network Facebook. Congresswoman introduced the agency’s work plan for this fall. The list of tasks, in particular, contains an obligation to continue studying Libra and the Calibra wallet, created by Facebook. The committee also intends to learn the views of […]
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At least three Libra members are considering leaving the project from the largest social network Facebook, according to the Financial Times. According to the publication, two members of the Libra Association are discussing what should be the "next right steps." A third unnamed member of the association is seriously concerned about possible problems and excessive oversight by regulators. In a conversation with the Financial Times, one of the partners stated, […]
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 former chief strategist of the Donald Trump administration, the well-known conservative and head of the board of directors of Breitbart News, Stephen Bannon said that the current geopolitical situation contributes to the development and adoption of cryptocurrency. "I think cryptocurrencies have a big future," says Steve Bannon. "I’m a global populist revolt." Pic.twitter.com/lYce7qzrIY – […]
The YOUNIQX Identity division of Austria’s state-owned printing house, which has been around for 200 years and has been printing passports, has issued a hardware cryptocurrency wallet called Chainlock. This is reported in the press release of the company. According to the developers of Chainlock, hot wallets are a “serious security threat” for cryptocurrency owners, since attackers may in one way or another seize access to […]
The wallet provider Abra announced that it is forced to make changes in the user policy for US residents due to the increased attention of regulators to the industry and the lack of clear rules for working with digital assets. So, Abra will add native support for all the assets that are now present in the wallet in synthetic form. This will not affect Bitcoin, Bitcoin Cash, Ethereum and Litecoin. With […]
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 […]
Brad Garlinghaus, head of California-based Fintech startup Ripple, agreed with US Treasury Secretary Stephen Mnuchin that cryptocurrencies could not replace fiat money, and also said that the head of the Ministry of Finance had consulted with him about the regulation of the crypto industry. He said this in one of the latest posts on Twitter. I agree that crypto is not likely to replace fiat […]
Calibra CEO David Marcus has published a written version of his upcoming speeches in the US Congress. In it, he stressed that the activities of the Libra Association consortium will be regulated by the Swiss Financial Market Supervision Authority (FINMA), and the launch of the Libra project will not take place until the doubts of regulators are resolved. Marcus Testimony 7-16-19 by ForkLog on Scribd “I expect the period […]
In anticipation of the next week’s hearings on the proposed Libra digital currency project for Facebook, a bill was introduced in the US, if adopted by which technology giants would not be allowed to create their own assets of this kind. About this writes The Block referring to sources familiar with the situation. According to the publication, a document called Keep Big […]