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 […]
Continue Reading
About 71% of German citizens are skeptical towards Facebook’s Libra stablecoin, while only 12% welcome it. About 71% of German citizens are skeptical towards Facebook’s Libra stablecoin, while only 12% welcome it, according to a survey published by German financial association Bürgerbewegung Finanzwende on July 23. Most Germans already have an opinion Notably, the survey […]
Continue Reading
Starting next year, new regulation will require German cryptocurrency businesses to hold a BaFin-issued license. Starting next year, new Anti-Money Laundering (AML) regulations will require German cryptocurrency businesses to hold a Federal Financial Supervisory Authority (BaFin)-issued license, Cointelegraph Deutschland reported on July 24. Possible innovation obstruction Per the report, the new regulations will require cryptocurrency-related […]
Continue Reading
Swiss privacy regulators have said that social media titan Facebook is lagging in its response to requests for more liaison on Libra. Swiss privacy regulators have said that social media titan Facebook is lagging in its response to requests for more liaison. An unanswered letter A Reuters report published on July 23 revealed that the […]
Continue Reading
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 […]
Continue Reading
Bitcoin has been legally recognized as virtual property by a Chinese court not the country, though… Last week, Bitcoin (BTC) was legally recognized by a Chinese court, whereby it was concluded that the cryptocurrency should now be considered as digital property. The decision that the Hangzhou Internet Court made in a ruling was met with […]
Continue Reading
The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the Libra digital currency. The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the forthcoming Libra digital currency, Reuters reported on July 23. The […]
Continue Reading
Tim Hockey, CEO of TD Ameritrade, said that the company’s customers are showing increasing demand for cryptocurrencies and willingness to trade it. Digital currencies are generating increasing interest from investors and traders, says the CEO of United States brokerage giant TD Ameritrade, reported financial news and services outlet TheStreet on July 23. In an interview […]
Continue Reading
While Facebook is struggling to agree on its Libra project, a wave of fake Libra accounts have spread online and onto Facebook itself. While Facebook is struggling to agree on its crypto project Libra, a wave of fake Libra accounts have come up online, including on Facebook itself. According to a report by The Washington […]
Continue Reading
Fundament Group announced that the German Federal Financial Supervisory Authority approved its Ethereum-based real estate bond. The German Federal Financial Supervisory Authority (BaFin) approved an Ethereum-based real estate bond of security issuance firm Fundament Group. The company announced the news in a press release shared with Cointelegraph on July 23. Regulated real estate bonds on […]
Continue Reading