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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
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
Libra faces intense scrutiny as lawmakers and industry experts highlight its potential risks Go to Source Powered by WPeMatico
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
The Federal Election Commission has given tentative approval to a congressional election to issue campaign tokens Go to Source Powered by WPeMatico
The chair of the Federal Reserve said Facebook needs to address a number of concerns thoroughly and carefully before it can move forward with Libra Go to Source Powered by WPeMatico
U.S. Congressman Tom Emmer has reintroduced his forked assets bill, an effort started in 2018 ostensibly to lessen the burden on crypto tax payers Go to Source Powered by WPeMatico
Facebook’s David Marcus has written a letter to Maxine Waters and other members of the House Financial Services Committee to address concerns surrounding Libra Go to Source Powered by WPeMatico
Representative for Iran’s Ministry of Industry, Trade, and Supply says US Congress sees mining in Iran as a threat to the success of sanctions Go to Source Powered by WPeMatico
A recent letter from the U.S. House of Representatives to social media giant Facebook has crypto users speculating feverishly. The implications of the letter, and Calibra CEO David Marcus’ recent response, will inform the future of money not only in America, but worldwide. House Chairwoman Maxine Waters and cohorts took aim this week not only … Read more
