Facebook Libra discussed by leading blockchain experts in the aftermath of two days of U.S. Congressional hearing… As countless eyes watched and followed the recent U.S. congressional hearings regarding Facebook-backed cryptocurrency Libra, it was evident that it will not be easy for the social media giant and the Libra Foundation to find a way of […]
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Facebook isn’t avoiding the U.S. to skimp on compliance, but because Switzerland is better for crypto. Among all the issues cropping up in Facebook’s recent hearing in the United States Congress regarding its new Libra cryptocurrency, the matter of location was perhaps the thorniest. Testifying before various banking and financial committees, Libra co-creator David Marcus […]
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The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week. The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week. An official committee announcement indicates the hearing — entitled “Examining Regulatory Frameworks for […]
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A prominent Nigerian politician has called for a formal legal framework for cryptocurrencies and blockchain technology so the country is not left behind. Femi Gbajabiamila, the speaker of the Nigerian House of Representatives, has called for a substantive legal framework for cryptocurrencies in the country. According to a report by Nigerian news daily Daily Post […]
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The Philippines-based UnionBank has successfully completed a pilot of a blockchain-based cross-border remittance from the Philippines to Singapore. The Philippines-based UnionBank has successfully completed a pilot of a blockchain-based cross-border remittance from the Philippines to Singapore, according to a press release published on July 23. The pilot is the result of a partnership between UnionBank […]
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How blockchain would change our vision of service fees, roaming and other flies in the ointment of telecommunications. “[X-Number of] Industries Blockchain Will Disrupt” — How often do you come across articles with a headline like this? Every time, we discover new ways to implement the tech and, while being filled with inspiration, look around […]
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Germany’s central bank said that potential benefits of Facebook’s Libra should be made possible despite associated risks. Potential benefits of Facebook’s Libra should be made possible despite the existing regulatory uncertainty and associated risks, Germany’s central bank said. In a monthly bulletin called “Crypto tokens in payment transactions and in securities settlement” released on July […]
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SWIFT says it conducted a successful trial of instant cross-border transfers in Asia. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced a successful trial of instant cross-border transfers in Asia in a press release published on July 18. Per the release, the trial performed instant payments between 17 banks located in Australia, China, Canada, […]
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U.S. politicians tell a Facebook exec that Libra endangers Americans more than 9/11, BitMEX lands in hot water and Vitalik Buterin reveals his big idea for Ethereum. Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, […]
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FairX, a financial services company involved with banking and digital assets, has shut down its operations as it failed to establish a licensed national bank. FairX, a financial services company involved with banking and digital assets, has shut down its operations as it failed to establish a licensed national bank. According to a FairX Twitter […]
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