At least three of Facebook’s early backers for its planned Libra stablecoin launch are considering withdrawing their support in light of the fierce regulatory pushback. At least three of Facebook’s early backers for its planned Libra stablecoin launch are considering withdrawing their support in light of the fierce regulatory pushback. A report from the Financial […]
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Rwanda’s central bank is looking at central bank-issued digital currency tests in other countries as they consider one themselves. Rwanda’s central bank, the National Bank of Rwanda, is researching how to offer an official digital currency. BNN Bloomberg reported the news on Aug. 22. The central bank is interested in offering digital currency as a […]
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Crypto exchange Huobi’s native Huobi Token is now usable in real-world online purchases of a wide range of products on e-commerce platform FomoHunt. Cryptocurrency exchange Huobi’s native Huobi Token (HT) is now available for making real-world online purchases of a wide range of products from the e-commerce platform FomoHunt. Per a press release shared with […]
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The Winklevoss’ Gemini cryptocurrency exchange is now available in Australia, but does not support trading for the Gemini dollar. The Winklevoss twins’ crypto exchange and custody Gemini is expanding to Australia, enabling residents of the country to use its platform to buy, sell and store crypto. Australian residents can now download the Gemini mobile app […]
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Binance launched its own stablecoin project, but faces stiff competition from Libra and the Chinese government in its quest… Within the past 12 months, stablecoins have transformed from a niche idea to tackle the issues of a volatile market into methods of payment championed by some of the world’s biggest and most powerful tech companies. […]
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Taiwanese digital currency trading platform Maicoin has entered talks with social media giant Facebook regarding its possible membership in the Libra Association. Taiwanese digital currency trading platform Maicoin has entered talks with social media giant Facebook regarding its possible membership in the Libra Association. As local English language media outlet Taipei Times reported on Aug. […]
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Tether is reportedly planning a Chinese yuan-backed stablecoin to meet the growing demand for cryptocurrencies in the country. Stablecoin operator Tether plans to issue a Chinese yuan-backed stablecoin, local industry media ChainNews reports on Aug. 21. Tether to issue a renminbi-pegged stablecoin Bitfinex shareholder Zhao Dong informed the outlet that Tether — the stablecoin operator […]
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Facebook-owned WhatsApp is in early talks with local firms to launch digital payments service in Indonesia. Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia. Reuters reported that they had learned of this development from anonymous sources […]
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The European Commission’s antitrust arm is investigating whether Libra will be an anticompetitive enterprise. Antitrust regulators at the European Commission, the executive branch of the European Union, have sent out a questionnaire to determine whether Facebook’s proposed stablecoin Libra is an anticompetitive project. Bloomberg learned of the news via a private document, per a report […]
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Everex has received a full Money Transmitter License from a New Jersey regulator, allowing it to expand cryptocurrency trading service in the U.S. market. Stablecoin-based settlement platform Everex has obtained a full Money Transmitter License from a New Jersey regulator, allowing the company to test services in the United States. In a press release shared […]
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