Libra Will Upset World Economy if It Isn’t Regulated Tightly, G7 Warns
The G7 has warned that cryptocurrencies such as Libra could upset the world’s financial system unless they are tightly regulated Go to Source Powered by WPeMatico
Congress
Auto Added by WPeMatico
Ocasio-Cortez Criticizes Corporate-Controlled Money in House’s Libra Hearing
Congresswoman AOC pressed Facebook’s David Marcus on his views about currency as a public good, and criticized corporate-backed currency Go to Source Powered by WPeMatico
Rep. Waters Opens Libra Hearing With Indictment of Facebook’s Past Mistakes
Rep. Maxine Waters opened today’s hearing on Facebook’s Libra project by noting the firm’s past behavior regarding user data and privacy Go to Source Powered by WPeMatico
Senator Brown on Libra: ‘A Recipe for More Corporate Power Over Markets’
Senator Brown discussed concerns about Facebook have too much control over consumer finances following the Senate Banking Hearing on Facebook’s Libra Go to Source Powered by WPeMatico
Post-Hearing: Ranking Senate Committee Members Discuss Regulations
Senate Banking Committee members discussed regulation of big tech companies in a press conference following today’s Libra hearings Go to Source Powered by WPeMatico
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to … Read more
Drafted “Keep Big Tech out of Finance” Act Surfaces Days Before Libra Hearings
A draft of a bill to restrict major tech companies from the crypto market in the US has surfaced days before congressional hearings on Facebook’s Libra Go to Source Powered by WPeMatico
Top-6 Issues Experts/Entities Have With Libra
Libra faces intense scrutiny as lawmakers and industry experts highlight its potential risks Go to Source Powered by WPeMatico
How 10 Countries Respond to Facebook’s Libra Cryptocurrency
A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – … Read more
US Elections Regulator Gives Tentative Go-Ahead to Campaign Token
The Federal Election Commission has given tentative approval to a congressional election to issue campaign tokens Go to Source Powered by WPeMatico
