Facebook’s digital currency project Libra has hired Saumya Bhavsar, the former global head of regulatory affairs and data protection at Credit Suisse as the new general counsel for Libra Networks, a fully owned subsidiary of Libra Association. Libra network would be responsible for the rollout of the libra digital stable coin and the Novi digital
Facebook’s digital currency project Libra has hired Saumya Bhavsar, the former global head of regulatory affairs and data protection at Credit Suisse as the new general counsel for Libra Networks, a fully owned subsidiary of Libra Association. Libra network would be responsible for the rollout of the libra digital stable coin and the Novi digital
Financial Conduct Authority [FCA], a financial regulator based in the United Kingdom recently published a research note highlighting the interaction of the consumers with cryptocurrency. Make It Or Break It Attitude Towards Crypto United Kingdom’s financial watchdog, the Financial Conduct Authority [FCA] has been operating in the country since 2013. As the financial world has
Financial Conduct Authority [FCA], a financial regulator based in the United Kingdom recently published a research note highlighting the interaction of the consumers with cryptocurrency. Make It Or Break It Attitude Towards Crypto United Kingdom’s financial watchdog, the Financial Conduct Authority [FCA] has been operating in the country since 2013. As the financial world has
PayPal withdrew from the Facebook-led Libra association in October 2019. But if anonymous sources are to be believed, it appears the $199 billion Fintech Company may launch a crypto platform enabling their 350 million customers to buy and sell cryptocurrencies in the coming weeks reports CoinDesk, June 22, 2020. PayPal Might Offer Support For Crypto Trading
PayPal withdrew from the Facebook-led Libra association in October 2019. But if anonymous sources are to be believed, it appears the $199 billion Fintech Company may launch a crypto platform enabling their 350 million customers to buy and sell cryptocurrencies in the coming weeks reports CoinDesk, June 22, 2020. PayPal Might Offer Support For Crypto Trading
Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm
Singaporean firm, Temasek Holdings Private Limited, owned by the Government of Singapore joins the Libra Association. Along with Facebook, Uber, Andressen Horowitz, and Coinbase, the $300 billion dollar holding company becomes the most prominent member of the Association. The revelation was made in an press release yesterday by Libra. It also announced the addition of Paradigm
Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a
Facebook revamps its model for Libra as it outlines new plans to offer digital versions of single FIAT currencies (or stablecoins). The team expects a launch in 2020 itself. ‘Congresswoman Rashida Tlaib and her counsel introduce an Automatic BOOST to Communities (ABC) Act Bill which proposes ‘digital dollar’ implementation. Libra 2.0 Facebook introduces Libra 2.0, a
After the exit of PayPal, Ebay, MasterCard, Uber and more. Now, Vodafone has also decided to call it quits from the Libra Association. Vodafone was one of leading firms in the list of validators on the Libra Blockchain. Moreover, in a bid to pursue their goals towards improvements in the payment and financial services industry.
After the exit of PayPal, Ebay, MasterCard, Uber and more. Now, Vodafone has also decided to call it quits from the Libra Association. Vodafone was one of leading firms in the list of validators on the Libra Blockchain. Moreover, in a bid to pursue their goals towards improvements in the payment and financial services industry.
It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior
It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior
CFTC chairman Heath Tarbert answers some of the hard-hitting questions around Bitcoin, cryptocurrency, and its’ on-going regulations in the US. The CNBC interview covers various aspects related to cryptocurrencies, like clarity on securitization and Libra. Escape Velocity for Bitcoin and cryptocurrencies The cryptocurrency markets have independently grown to about $220 billion. Moreover, the decentralization many of
CFTC chairman Heath Tarbert answers some of the hard-hitting questions around Bitcoin, cryptocurrency, and its’ on-going regulations in the US. The CNBC interview covers various aspects related to cryptocurrencies, like clarity on securitization and Libra. Escape Velocity for Bitcoin and cryptocurrencies The cryptocurrency markets have independently grown to about $220 billion. Moreover, the decentralization many of
Facebook announces the launch of ‘Facebook Pay’ in a bid to finally enter the payments space. Facebook’s crypto project, Libra, seems to have fallen on its knees due to the regulatory resistance. Hence, as its vision of global payments and cryptocurrency are put on hold, the social media giant has initiated USD payments in the
Facebook announces the launch of ‘Facebook Pay’ in a bid to finally enter the payments space. Facebook’s crypto project, Libra, seems to have fallen on its knees due to the regulatory resistance. Hence, as its vision of global payments and cryptocurrency are put on hold, the social media giant has initiated USD payments in the
A recent statement by Mu Changchun, the head of China’s Central Bank Digital Currency Research Institute claims that China’s digital currency will lead to strong competition among commercial banks. Institutions will compete to provide the best services using digital currencies. Two-Tier Approach With Digital Yuan – Mu Changchun China’s is the first of nations to roll out a
A recent statement by Mu Changchun, the head of China’s Central Bank Digital Currency Research Institute claims that China’s digital currency will lead to strong competition among commercial banks. Institutions will compete to provide the best services using digital currencies. Two-Tier Approach With Digital Yuan – Mu Changchun China’s is the first of nations to roll out a
Facebook’s cryptocurrency plans have faced hurdles from regulators all around the world. The US, UK, Japanese, and French governments have particularly opposed to it. Most recently, Australia, too, joined them expressing opposition to it. The Office of the Australian Information Commissioner (OAIC) is engaging in a broader regulatory approach. Reportedly, the government agency has emailed other
Facebook’s cryptocurrency plans have faced hurdles from regulators all around the world. The US, UK, Japanese, and French governments have particularly opposed to it. Most recently, Australia, too, joined them expressing opposition to it. The Office of the Australian Information Commissioner (OAIC) is engaging in a broader regulatory approach. Reportedly, the government agency has emailed other
Joseph Lubin, co-founder of Ethereum in a recent interview commented that Facebook should not lead the Libra cryptocurrency project. Facebook’s Past – A Major Roadblock for Libra’s Success In an interview with CNBC, he said that with all concerns regarding trust and personal identity, Facebook should not be spearheading the Libra project. Lubin further said that
Joseph Lubin, co-founder of Ethereum in a recent interview commented that Facebook should not lead the Libra cryptocurrency project. Facebook’s Past – A Major Roadblock for Libra’s Success In an interview with CNBC, he said that with all concerns regarding trust and personal identity, Facebook should not be spearheading the Libra project. Lubin further said that
Respected Chinese official, Vice Chairman of China Center For International Economic Exchanges Huang Qifan has revealed that China may be the first country to launch a digital currency while denouncing Facebook’s popular cryptocurrency, Libra. Qifan called Libra a “delusional project that will never succeed.” Libra Is Delusional And Bound To Fail Huang Qifan, the former
Respected Chinese official, Vice Chairman of China Center For International Economic Exchanges Huang Qifan has revealed that China may be the first country to launch a digital currency while denouncing Facebook’s popular cryptocurrency, Libra. Qifan called Libra a “delusional project that will never succeed.” Libra Is Delusional And Bound To Fail Huang Qifan, the former
The vocal, zealous supporter and researcher at Ethereum Foundation, Vlad Zamfir is drawing a line. Taking to Twitter on Oct 23, the developer made it clear that he will not work with individuals or companies that are associated with Facebook’s Libra and those who support the Open Libra project. Acknowledging that his decision could be
The vocal, zealous supporter and researcher at Ethereum Foundation, Vlad Zamfir is drawing a line. Taking to Twitter on Oct 23, the developer made it clear that he will not work with individuals or companies that are associated with Facebook’s Libra and those who support the Open Libra project. Acknowledging that his decision could be
In an interview with Laura Shin, Patrick McHenry, the North Carolina Republican representative, said that Bitcoin is an important project with an immense future utility. He urges policymakers not to lump and classify this “very real, very important project” with Libra. Bitcoin Different From Libra Clarifying that his comments are not meant to disparage any
In an interview with Laura Shin, Patrick McHenry, the North Carolina Republican representative, said that Bitcoin is an important project with an immense future utility. He urges policymakers not to lump and classify this “very real, very important project” with Libra. Bitcoin Different From Libra Clarifying that his comments are not meant to disparage any
House Financial Services Committee Chairwoman, Maxine Waters has suggested that Facebook Inc. should cease the Libra project until the company manages to address the present loopholes in its social media business. No Launch of Token Without Sign-off the US Regulators Waters further brought forth Facebook’s misappropriation of user’s personal data, hinting towards its role in
House Financial Services Committee Chairwoman, Maxine Waters has suggested that Facebook Inc. should cease the Libra project until the company manages to address the present loopholes in its social media business. No Launch of Token Without Sign-off the US Regulators Waters further brought forth Facebook’s misappropriation of user’s personal data, hinting towards its role in
According to a BBC report Wednesday morning, none of Facebook Libra’s founding members have made any formal fund commitment to the highly controversial global project. Libra Founding Members Have Not Yet Committed to Back The Project Facebook in June, at the time of formally proposing its cryptocurrency project, Libra, had said that the project would be
According to a BBC report Wednesday morning, none of Facebook Libra’s founding members have made any formal fund commitment to the highly controversial global project. Libra Founding Members Have Not Yet Committed to Back The Project Facebook in June, at the time of formally proposing its cryptocurrency project, Libra, had said that the project would be
On Tuesday, Rep. Sylvia Garcia (D-Texas) presented a new bill before the Senate House Financial Services Committee to classify stablecoins under ‘securities.’ The bill, if passed, would extend to Facebook’s Libra as well. The House of Financial Services Committee under Chairwomen Maxine Waters hasn’t been kind to Facebook about Libra. According to lawmakers, the proposed project
On Tuesday, Rep. Sylvia Garcia (D-Texas) presented a new bill before the Senate House Financial Services Committee to classify stablecoins under ‘securities.’ The bill, if passed, would extend to Facebook’s Libra as well. The House of Financial Services Committee under Chairwomen Maxine Waters hasn’t been kind to Facebook about Libra. According to lawmakers, the proposed project
Libra token offers an innovation upper-hand to the US to bolster its global financial superiority. Facebook will only be part of a US-regulated Libra project. Facebook’s CEO, Mark Zuckerberg is expected to testify before Congress on Wednesday on the launch of the Libra Association and the development of the Calibra wallet. The social media giant
Libra token offers an innovation upper-hand to the US to bolster its global financial superiority. Facebook will only be part of a US-regulated Libra project. Facebook’s CEO, Mark Zuckerberg is expected to testify before Congress on Wednesday on the launch of the Libra Association and the development of the Calibra wallet. The social media giant
At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020. Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks
At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020. Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks
