As more diverse interests engage with lawmakers and regulators, the blockchain industry no longer has a unified voice. Over the past few months, Libra, Facebook’s prospective global digital currency, has stolen much of the spotlight across many areas of the cryptosphere. The field of blockchain lobbying was no exception: From Mark Zuckerberg smooth-talking powerful officials […]
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Facebook CEO Mark Zuckerberg to testify before the House of Representatives Financial Services Committee regarding Libra for the first time. Today, Oct. 23, Facebook CEO Mark Zuckerberg will testify before the United States House of Representatives Financial Services Committee regarding Libra — the company’s stablecoin project that has been facing major regulatory backlash since the […]
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Swiss crypto broker Bitcoin Suisse has purchased a minority stake of CoinRoutes Inc., a provider of pan-exchange smart order routing and algorithmic trading software. Swiss crypto broker Bitcoin Suisse has purchased a minority stake of CoinRoutes Inc., a provider of pan-exchange smart order routing and algorithmic trading software. The investment and a new director Bitcoin […]
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A draft bill has surfaced in U.S. Congress that claims that all managed stablecoins must be seen as investment contracts and therefore as securities. United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities. Libra in the United States The U.S. Representative […]
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The German Federal Ministry of Finance has expressed concerns about using privacy tokens due to their association with criminal activities and difficulties to track them down. The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them. Published on […]
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Banks may be bound to stop working with social media giant Facebook if the firm launches its Libra stablecoin, according to ING CEO Ralph Hamers. Banks may be bound to stop working with social media giant Facebook if the firm launches its Libra stablecoin, according to ING CEO Ralph Hamers. Bank can choose to “not […]
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The U.K. government has stressed that is up to regulators, not the executive, to decide on a proposed ban on certain crypto derivatives for retail investors. The government of the United Kingdom has stressed that is up to regulators, not the executive, to decide whether to press ahead with a proposed ban on certain crypto […]
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The banking app will begin serving U.S. customers before the beginning of next year, it says. Cryptocurrency-friendly internet banking app Revolut plans to launch in the United States later this year, the company has confirmed. MasterCard joins Visa support for Revolut In a press release on Oct. 22, Revolut said its expanding partnership with MasterCard […]
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The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating: “Islamic enterprises will now be […]
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Heritage Foundation economist Stephen Moore is planning to release a stablecoin that relies on a fractional reserve. A former campaign adviser to United States President Donald Trump is planning to release a stablecoin based on a fractional reserve. As Fortune reported on Oct. 21, Stephen Moore announced plans to launch a stablecoin dubbed Frax, which […]
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