The government of Germany has spoken against Facebook’s Libra stablecoin in the EU, but notes openness to a state-run cryptocurrency. The government of Germany has spoken against the authorization of the development of Facebook’s forthcoming Libra stablecoin in the European Union. As German weekly news magazine Spiegel reported on Sept. 13, the Christian Democratic Union […]
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French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra. French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra. The Minister’s remarks — the latest in a series of vocal […]
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Bertrand Perez shrugs off concerns about Facebook’s multiple battles over Libra, saying the coming year will resolve disputes with governments. The head of the nonprofit organization behind Facebook’s Libra digital currency has said the company is committed to launching it and clearing regulatory hurdles. Perez: “We don’t want to be like BlackRock” In an interview […]
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BTC price defends its five-figure price tag as market dominance returns to 70% at the expense of altcoins, notably Binance Coin (BNB). Bitcoin (BTC) price was holding above $10,000 on Sept. 12 after a fresh boost appeared to reinforce support for five figures. Market visualization. Source: Coin360 Bitcoin price steadies above $10,000 Data from Coin360 […]
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France has vowed to stop the development of Facebook’s Libra digital currency because the “monetary sovereignty of states is at stake.” Agence France-Presse (AFP) has reported today, Sept. 12, that France plans to block the development of Libra — Facebook’s proposed stablecoin payments network — in Europe. An unconfirmed report from BreakingtheNews.net claims that the […]
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Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network. Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network. In a Sept. 12 interview with Neue Zürcher Zeitung […]
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Switzerland’s financial watchdog has published stablecoin guidelines as well as an overview of its approach to Facebook’s proposed Libra payments network. Switzerland’s Financial Market Supervisory Authority (FINMA) has published a stablecoin-focused supplement to its existing guidelines for initial coin offerings (ICOs). In a news release published on Sept. 11, FINMA takes note of the steadily […]
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Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned Libra stablecoin network. Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. “Regulated, low-friction, high-security” blockchain payments In an official statement today, the […]
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China has the most progressive approach to central bank digital currencies to date, according to Circle CEO Jeremy Allaire. China has the most progressive approach to central bank digital currencies (CBDCs) to date, according to Circle CEO Jeremy Allaire. The only global bank to really care Allaire said that China’s central bank has the most […]
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OpenZeppelin, a third-party audit firm specializing in cryptocurrency, has discovered and patched a vulnerability in the open-source code of Facebook’s Libra. Developers working for startup OpenZeppelin, a third-party audit firm specializing in cryptocurrency, have discovered and patched a vulnerability in Facebook’s Libra’s open-source code. The problem According to an article by Coindesk on Sept. 10, […]
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