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Facebook-Backed Crypto Diem Updates Launch Plan — Will Take a ‘Phased Approach’
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A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection
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G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting
The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency. G7 Sees the Need to Regulate Crypto U.S. Treasury Secretary Steven Mnuchin hosted a discussion on Monday with finance ministers and central bank governors from Canada, […]
The post G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting appeared first on Bitcoin News.
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ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins
ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin, and Facebook’s Libra The president of the European Central Bank (ECB), Christine Lagarde, shared her view on the future of […]
The post ECB Chief Christine Lagarde Downplays Bitcoin’s Risks to Financial Stability, Troubled by Stablecoins appeared first on Bitcoin News.
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Facebook’s Libra Crypto Gets Ready to Launch in January as a Single Coin
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as January. Launch Date for Facebook’s Libra The cryptocurrency libra, proposed by social media giant Facebook, is reportedly preparing to launch as early as January next […]
The post Facebook’s Libra Crypto Gets Ready to Launch in January as a Single Coin appeared first on Bitcoin News.
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US Federal Reserve Actively Working on Digital Dollar
The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency. Several Digital Dollar Initiatives The president of the Federal Reserve Bank of Cleveland, Loretta J. Mester, […]
The post US Federal Reserve Actively Working on Digital Dollar appeared first on Bitcoin News.
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75 Companies Back Facebook Libra’s Competitor Celo
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz. Celo Project Adds Over 20 Members The Celo Foundation announced Tuesday […]
The post 75 Companies Back Facebook Libra’s Competitor Celo appeared first on Bitcoin News.
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G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra
The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed G20 Sets International Rules […]
The post G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra appeared first on Bitcoin News.
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50 Companies Back New Cryptocurrency Project Competing With Facebook’s Libra
Some members of the Libra Association are now backing a rival project called Celo, which has its own blockchain and cryptocurrency. Over 50 major companies have pledged their support, each pursuing a diverse set of use cases. The project claims that the combined reach of all members exceeds 400 million people. Also read: Bitcoin Legal […]
The post 50 Companies Back New Cryptocurrency Project Competing With Facebook’s Libra appeared first on Bitcoin News.
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