PayPal might issue its own cryptocurrency soon, says CoinShares exec
The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming. Go to Source Powered by WPeMatico
Libra
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Chasing the hottest trends in crypto, the EU works to rein in stablecoins and DeFi
The proposed EU crypto market regulation will raise many compliance obstacles for the next Libra-like project seeking to operate in Europe. Go to Source Powered by WPeMatico
FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. Yet despite this acknowledgment, the FSB still argues against the … Read more
Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16
Talk of CBDCs and Facebook’s Libra headlined this week’s policy news, as international organizations weigh in on both. Go to Source Powered by WPeMatico
Libra picks former HSBC brass as CFO
The G7’s recent rejection of Libra doesn’t seem to have slowed them down. Go to Source Powered by WPeMatico
G7 will block Libra launch until regulations in place
“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.” Go to Source Powered by WPeMatico
Facebook-backed Libra welcomes Blockchain Capital as new member
Libra gets another member as it strives to have 100 entities on board. Go to Source Powered by WPeMatico
Libra appoints HSBC veteran to manage crypto project’s operational wing
Top financial services experts continue to join the Libra project. Go to Source Powered by WPeMatico
European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law
The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra. Euractiv, a European news outlet, first reported the news on Sept.10, citing a leaked 167-page draft crypto proposal. According to the report, the regulation will seek to tackle bitcoin’s … Read more
Bank of France: stablecoins could impact EU financial sovereignty ‘for decades’
Banque de France Governor François Villeroy de Galhau wanted about the threat of “Big Tech” stablecoins. Go to Source Powered by WPeMatico
