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Switzerland’s financial watchdog issues new stablecoin guidelines, outlines its requirements for the Libra Association’s proposed stablecoin payments network Go to Source Powered by WPeMatico
The organization tasked with governing Facebook’s planned stablecoin network has revealed it is applying for a payment system license with Switzerland’s financial watchdog Go to Source Powered by WPeMatico
Developers working for startup OpenZeppelin found and patched a vulnerability in the open-source code of Facebook’s Libra Go to Source Powered by WPeMatico
The Libra digital currency project has gotten a lot of attention. While there is still no regulatory approval or official launch date, Facebook continues to make headlines with it. It now appears there is a potential scam making the rounds called UpLibra. It claims there is an airdrop underway, even though this currency does not … Read more
Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms, according to a United States Treasury official Go to Source Powered by WPeMatico
Digital currency provides unprecedented abilities to spy on and control what people do, and having that power in the hands of a few people is very dangerous. The Big Tech monopolies of Silicon Valley are building a future where your every action is monitored, and giving Facebook control over what you can and can’t do … Read more
Facebook has reportedly provided the U.S. Senate with details regarding the backing reserves for its Libra stablecoin Go to Source Powered by WPeMatico
Former congressman Harold J. Ford says that lawmakers and regulators should develop clear regulations for digital currencies Go to Source Powered by WPeMatico
If it wasn’t for Bitcoin there would be no Libra. That much is self-evident, since Satoshi’s creation laid the groundwork for every crypto asset that’s followed. The extent to which Bitcoin was responsible for spawning Facebook’s currency has now been made brutally clear in an interview with Abra’s Bill Barhydt. The investment platform’s CEO claims … Read more
Federal Reserve Chairman Jerome Powell argued that central banks will not likely release their own digital currency in the near term Go to Source Powered by WPeMatico
