Former U.S. Homeland Security Department general counsel, Stevan Bunnel, has been appointed as Libra’s top lawyer. Stevan Bunnel, former general counsel for the U.S. Department of Homeland Security (DHS), has been revealed as the Libra Association’s new leading lawyer. Since leaving the Homeland Security Department in 2017, Bunnell co-chaired the data privacy-focused legal practice O’Melveny […]
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There are multiple ways to approach digital payments, and Facebook wants to cover them all. Despite regulators across the board giving a cold shoulder to Facebook’s ambitious plan to install a worldwide crypto-based payment system called Libra, the company’s enthusiasm for moving into the digital payments space is only mounting. Earlier this week, reports emerged […]
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Facebook is determined not to take “no” for an answer when it comes to FinTech. Facebook Inc. has launched a new subsidiary group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division. The subsidiary, called Facebook Financial or “F2” will run its payments projects, including a planned Facebook […]
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Decentralized technology is liberating yet intimidating to crypto-beginners. How can DeFi projects ease this transition for users? Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift. Self-sovereignty and personal autonomy are the endgame of this technology, […]
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The popularity of crypto is on the rise in Africa, according to the CEO of one of the continent’s up and coming exchanges. Crypto usage and trading has made its way over to Africa, gaining prevalence all over the continent, according to Chris Maurice, CEO of Yellow Card — a crypto exchange based in Lagos, […]
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A former director of the U.S. National Broadband Task Force criticizes anti-encryption bills that in his opinion hurt the nation’s economy and security. Under president Obama, Anurag Lal served as the director of the National Broadband Task Force. Currently he is the CEO of NetSfere, a company that provides secure messaging for enterprises. Lal believes […]
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Experts are of the opinion that governments need to work hand-in-hand with encryption-centric service providers to combat illegal activities on their platforms. Encrypted messaging services have always presented a tough challenge for government agencies all over the world. On one hand, they allow for freedom of speech, but on the other, they enable miscreants and […]
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Despite Brazilian regulators lifting a suspension on WhatsApp’s payments, the country’s central bank is still blocking the launch. The payments feature of the popular messaging platform WhatsApp remains suspended in Brazil, despite local regulators easing restrictions placed on its owner, Facebook. On June 24, Brazil’s Administrative Council for Economic Defense, known locally by its Portuguese […]
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WhatsApp’s payment features have been suspended in Brazil less than one month after the Facebook-owned app rolled them out. Brazil’s central bank has ordered Mastercard and Visa to suspend processing money transfers on behalf of Facebook’s WhatsApp. According to official information shared with Cointelegraph Brazil, the Central Bank of Brazil (BC) took action against WhatsApp […]
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WhatsApp has announced instant in-app fiat payments for over 120 million users in Brazil. WhatsApp has premiered fiat electronic payments on its platform, with Brazil becoming the first country to experience a nationwide release. According to a statement released by WhatsApp earlier today, users who have Visa and Mastercard debit or credit cards from Banco […]
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