UK Finance Minister Says Regulators Should Decide on Libra, Not Lawmakers
U.K. Finance Minister Philip Hammond said that regulators, not lawmakers, should make decisions regarding Facebook’s Libra stablecoin Go to Source Powered by WPeMatico
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Senate Releases Opening Statements on Libra Ahead of Senate Hearing
The United States Senate Banking Committee has released the opening statements of David Marcus, head of Facebook’s crypto wallet Calibra Go to Source Powered by WPeMatico
UK Royal Mint to Provide Custody for New Cryptocurrency
Royal Mint, U.K.’s coin manufacturer, who failed to launch a gold-backed coin in 2018, will be the custodian for new cryptocurrency tentum Go to Source Powered by WPeMatico
India: Leaked Draft Bill Would Ban All Crypto Except ‘Digital Rupee’
Draft legislation that would allegedly impose a ban on the use of cryptocurrencies in India is being circulated by local blockchain legal experts on social media Go to Source Powered by WPeMatico
New US House Bill Would Fine Facebook’s Libra $1 Million Per Day
A proposed “Keep Big Tech Out Of Finance Act” is reportedly being circulated by House Democrats to prevent major tech firms such as Facebook from issuing crypto Go to Source Powered by WPeMatico
Thailand Approves 4 New Cryptocurrency Service Providers
The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses. Also read: G20 … Read more
Brazilian State Launches Blockchain Platform for Government Contract Bids
In Brazil, the state of Bahia has launched a mobile app that makes its government’s contract bidding process transparent, purportedly to benefit agriculturalists Go to Source Powered by WPeMatico
‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders
P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. Finance minister Mthuli Ncube sees the … Read more
Police in China Seizes 4,000 Crypto Miners After Abnormal Energy Spike
Police in China arrested 22 suspects involved in illegal crypto mining resulting in energy loss worth of nearly $3 million Go to Source Powered by WPeMatico
US Senate Committee Approves the Blockchain Promotion Act
The Blockchain Promotion Act on Tuesday has been approved by the United States Senate committee of commerce, science and transportationv Go to Source Powered by WPeMatico