#Libra News

Bitcoin standing infront of the U.S. Senate

U.S. Regulators Set to Examine Regulatory Frameworks for Cryptos and Blockchain

July 25, 2019 by Ogwu Osaemezu Emmanuel at Regulation

According to the United States Senate Committee on Banking, Housing, and Urban Affairs, July 24, 2019, the Senate will conduct a full committee hearing which will solely focus on "Examining Regulatory Frameworks for Digital Currencies and Blockchain." Crypto and DLT Hearing Scheduled Reportedly, the hearing will be conducted in "OPEN...

Regulators are Slowly but Surely Pulling Away Crypto’s Free Hand

July 24, 2019 by Ashwath Balakrishnan at Regulation

The last two years have been quite uneventful for cryptocurrencies with regulators launching themselves into the industry in full swing. Their lack of expertise with the way the technology works and how networks run is proving to be detrimental for any hope of reasonable regulation. At the same time, crypto...

Swiss data Commisioner Switzerland Flag binoculars witnesses Libra

Swiss Data Commissioner Awaiting Information Request Response from Facebook’s Libra Project

July 24, 2019 by Nigel Dollentas at Regulation

The Swiss Federal Data Protection and Information Commissioner (FDPIC) is still awaiting additional requested information from Facebook’s cryptocurrency project Libra reports Reuters, July 23, 2019. This Time, It’s The Swiss Libra is Facebook's endeavor into the cryptocurrency industry, which it announced just over a month ago, has been subject to...

Facebook Met U.K. Regulators Months Before Libra Announcement

British MP Wants to Probe Facebook’s Libra Cryptocurrency

July 23, 2019 by Osato Avan-Nomayo at Altcoins

A member of the British Parliament wants to probe Libra over concerns user data privacy. The news comes following similar legislative appearances before the U.S. Congress and adds to the growing negative sentiments around the project from across the globe. This according to a report from Financial News, July 22,...

Magnifying Glass Cracking the Libra Coin

Kenyan Central Bank Governor Believes Facebook’s Libra is too Risky

July 23, 2019 by Ogwu Osaemezu Emmanuel at Finance

The Central Bank of Kenya (CBK) has given its take on Facebook’s Libra cryptocurrency project. The apex bank has said that Libra comes with phenomenal risks that need to be properly understood, reports local news source, Telecompaper on July 22, 2019. CBK Wary of Libra Per sources close to the...

Steve Mnuchin Claims G7 Finance Ministers and Central Bankers Concerned About Libra

July 20, 2019 by Ashwath Balakrishnan at Finance

The Treasury Secretary of the United States of America, Steve Mnuchin, told CNBC in an exclusive interview that G7 financial heads were not comfortable with Libra and expressed their doubts over the ability of the payment consortium to adhere to anti-money laundering (AML) and money transmission regulations. A variety of...

Bank of Thailand: Libra’s Benefits and Risks must be carefully Studied

July 20, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Bank of Thailand (BOT) Governor, Veerathai Santiprabhob, has given his take on Facebook’s Project Libra, making it clear that the merits and risks of the digital asset still need to be studied extensively, reports local news source, Bangkok Post on July 19, 2019. BoT to Closely Monitor Libra Per sources...

Jamie Dimon Isn’t Worried About Competition From Libra

July 18, 2019 by Ashwath Balakrishnan at Altcoins

The CEO of America's biggest bank, J.P. Morgan Chase, doesn't believe it is worth losing sleep over Libra for the time being. Dimon is of the view that in the short term, Libra will have little to no effect on banks and global payments in general. He further stated that...

German Minister Calls for Close Monitoring of the Cryptocurrency Sector

July 18, 2019 by Anthonia Isichei at Regulation

A German minister has recently called on regulators to pay attention to the cryptocurrency industry, including Facebook's Libra. According to a report by Reuters on July 16, 2019, the minister said that regulators should ensure that the nascent industry doesn’t threaten the stability of the financial sector Governments Increasingly Wary...

A Fiat dollar coin waving a digital currency flag blue purple

Report: Regulated Digital Money will Boost Global Payments Systems

July 17, 2019 by Ashwath Balakrishnan at News, Regulation

Supranational economic institutions have been studying the effects of cryptocurrency and blockchain. In a report released by the IMF, July 15, 2019, they highlight the potential for cryptocurrencies and traditional digital money to spark a new age of payments. In the future, it is idealised that cash dependence will severely...

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