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 […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
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, […]
Continue Reading
United States Treasury official Sigal Mandelker said that Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms. Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering (AML) and terrorism financing standards, according to United States Treasury Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker. Major business news outlet Reuters reported […]
Continue Reading
Cryptocurrency exchange Blackmoon plans to list Telegram’s forthcoming native Gram token via a partnership with Swiss crypto custodian Gram Vault. Caymans Island-registered cryptocurrency exchange Blackmoon plans to list encrypted messaging app Telegram’s forthcoming Gram token via a partnership with Swiss crypto custodian Gram Vault. According to a Finance Magnates report on Sept. 10, Blackmoon — […]
Continue Reading
Representatives at interbank payments network provider SWIFT have lambasted cryptocurrencies as being “useless and unstable.” Interbank payments network provider, the Society for Worldwide Interbank Financial Telecommunications (SWIFT), has dismissed cryptocurrencies as being “useless and unstable.” An FXStreet report published on Sept. 10 cites unnamed SWIFT representatives at a London briefing earlier this week, who reportedly […]
Continue Reading
Experts in blockchain technology and crypto take on the question: What should happen to say that cryptocurrency mass adoption has started? Since its inception in January 2009, Bitcoin’s (BTC) popularity has been increasing, peaking in December 2017 when the leading cryptocurrency’s price hit record highs around $20,000 per coin and dropped back down. After 10 […]
Continue Reading
Facebook has reportedly announced the major national currencies with which it plans to set the value of its forthcoming Libra stablecoin. Social media giant Facebook, which is currently trying to get regulatory approval for its Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves. According to a report by Bloomberg on Sept. […]
Continue Reading
Former congressman Harold J. Ford argued that the United States Congress should not paint the cryptocurrency sector with a broad brush. Former United States Representative Harold J. Ford has argued that Congress should have a nuanced approach to regulating cryptocurrencies. In an article published on CNBC on Sept. 5, Ford said that lawmakers and regulators […]
Continue Reading