libra regulation

Facebook Hires Political Influencer to Lobby for Its Libra Cryptocurrency
August 6th, 2019

Facebook has recently hired Susan Zook, a former aid to the chairman US Senate Banking Committee to work on lobbying Facebook’s Libra cryptocurrency project.

Ripple to Congress: ‘Please Don’t Paint Us With a Broad Brush’
July 29th, 2019

Ripple sent an open letter to the U.S. Congress intending to explain the differences between various blockchains and digital currencies. In the letteer the company stressed the willingness to cooperate with the authorities.

Zuckerberg Ready to Wait for ‘However Long It Takes’ to Get Libra Regulators Onboard
July 26th, 2019

Mark Zuckerberg has made it clear that Facebook will not launch its Libra crypto until all the regulators have been brought on board and every regulatory issue resolved satisfactorily.

Huawei’s Founder Joins PBOC in Supporting ‘Chinese Libra’ Creation
July 26th, 2019

The way Libra is designed makes it hard for governments to see who’s paying whom, or to limit cross-border payments. Thus the People’s Bank of China (PBOC) has vowed to create a currency it can manage- likely one that will be linked to real identities.

Survey: US Investors Put More Trust In Bitcoin Over Facebook’s Libra
July 25th, 2019

While a majority of investors said that they aren’t interested in Libra (with many preferring Bitcoin instead), some also said that unlike the decentralized cryptocurrencies, Libra doesn’t give them the financial freedom from governments.

Will Switzerland Stand Before USA as a Libra Regulator?
July 22nd, 2019

Facebook thinks that Switzerland’s data protection commissioner should oversee Libra’s stated commitment not to monetize users’ data in the way that Facebook makes profit from selling personal information to advertisers.

Facebook’s Libra Already More of a Brand Than Ethereum or XRP: eToro Research
July 22nd, 2019

eToro’s research showed that 16% of people surveyed knew what Libra was, eclipsing awareness of Ethereum (12%) and other cryptos such as Litecoin and XRP which were found to be known by even fewer people.

Japan to Begin Developing SWIFT-like Network for International Cryptocurrency Payments
July 18th, 2019

Japanese government to create a network similar to SWIFT, for international cryptocurrency payments. The Ministry of Finance and the Financial Services Agency will deploy this network to also tackle financial crimes.

Bitcoin Finally Passes $10K Barrier, Litecoin Still Leading the Altcoin Rally
July 18th, 2019

Altcoins have spent the second and third quarter of 2019 thus far falling in value relative to Bitcoin price. Litecoin, as always, is leading this rally, and in a sense, lights the path for the rest of the altcoin market to shine.

JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term Concern
July 18th, 2019

In recent news, Jamie Dimon from JP Morgan has said that he believes Facebook’s Libra isn’t a short-term concern of an impact on the traditional banks.