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Facebook’s Libra is a threat to national sovereignty | Bruno La Maire
Facebook’s Libra is a threat to national sovereignty | Bruno La Maire
With its Libra plan for a global digital currency, Facebook has shown both economic and political ambitions. The project would mean a private company controlling a common good and taking over tasks normally discharged by states. This is unacceptable for both economic and political reasons.
#CryptoAssets#Stablecoins#Fintech#Facebook#Libra#DFC
·ft.com·
Facebook’s Libra is a threat to national sovereignty | Bruno La Maire
Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram Responds to SEC: Gram Tokens Are Not Securities
Telegram filed a response to the SEC writing that the SEC’s emergency injunction is unwarranted. Telegram is asking a federal court to deny the regulator’s motion to enforce a subpoena. Further, Telegram argued its upcoming gram token is not a security, and the SEC should not be able to force the company to produce documents or witnesses about its blockchain project
#Stablecoins#CryptoAssets#Fintech#PaymentSystems#Telegram#DFC
·coindesk.com·
Telegram Responds to SEC: Gram Tokens Are Not Securities
Investigating the impact of global stablecoins
Investigating the impact of global stablecoins
"This G7 report lays out initial recommendations for both private sector stablecoin developers and public sector authorities to address the challenges and risks. Finally, the report suggests that authorities could develop road maps for improving the efficiency and lowering the cost of payments and financial services."
#Fintech#CryptoAssets#Stablecoins#Regulation#DFC
·bis.org·
Investigating the impact of global stablecoins
The end of Libra?
The end of Libra?
"Industry sources have told the FT that the decisive factor was a letter that Democratic Senators Sherrod Brown and Brian Schatz sent to Mastercard, Visa and Stripe. It warned that proceeding with the project would expose even their non-Libra businesses to heavier regulatory scrutiny."
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·ft.com·
The end of Libra?
Outcomes of October 16-18, 2019 FATF Plenary
Outcomes of October 16-18, 2019 FATF Plenary
The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements swiftly,” the FATF emphasized.
#Fintech#CryptoAssets#Stablecoins#AMLCFT#DFC
·fatf-gafi.org·
Outcomes of October 16-18, 2019 FATF Plenary
Bitfinex Market Share is Declining
Bitfinex Market Share is Declining
Bitfinex, the controversial Hong Kong based exchange at the heart of ongoing investigations against Tether, has been one of the biggest cryptocurrency exchanges in the world since its launch in 2012. But recently there are signs that its market share may finally be slipping.
#Fintech#CryptoAssets#Stablecoins#Tether#Bitfinex#DFC
·coinmetrics.substack.com·
Bitfinex Market Share is Declining
Facebook Warns Washington That Beijing Wins If Libra Plan Fails
Facebook Warns Washington That Beijing Wins If Libra Plan Fails
"The future in five years, if we don’t have a good answer, is basically China re-wiring” a large part of the world “with a digital renminbi running on their controlled blockchain,” Marcus said. He warned about the prospect of “having a whole part of the world completely blocked from U.S. sanctions and protected from U.S. sanctions and having a new digital reserve currency” with no alternative.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·bloomberg.com·
Facebook Warns Washington That Beijing Wins If Libra Plan Fails
What Mark Zuckerberg’s Cryptocurrency Testimony Shows About Facebook’s Libra Strategy
What Mark Zuckerberg’s Cryptocurrency Testimony Shows About Facebook’s Libra Strategy
"Libra will be backed mostly by dollars and I believe it will extend America’s financial leadership... As well as our democratic values and oversight around the world. If America doesn’t innovate, our financial leadership is not guaranteed."
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·forbes.com·
What Mark Zuckerberg’s Cryptocurrency Testimony Shows About Facebook’s Libra Strategy
Is Libra really the world’s most ambitious international settlement system?
Is Libra really the world’s most ambitious international settlement system?
"It’s an extract from one of his books written in 1930 about the origins of The Bank for International Settlements, the so-called central bankers’ bank set up in the same year to manage reparations payments in the aftermath of World War One. You know what they say about what’s under the sun..."
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·ftalphaville.ft.com·
Is Libra really the world’s most ambitious international settlement system?
Bitfinex Denies Laundering, Says It's a Victim of 'Fraud' by Crypto Capital
Bitfinex Denies Laundering, Says It's a Victim of 'Fraud' by Crypto Capital
Bitfinex claimed Friday that it was the “victim of a fraud” at the hands of Crypto Capital, a payment processor that allegedly lost $880 million of Bitfinex’s money. Crypto Capital’s president, Ivan Manuel Molina Lee, was arrested Thursday by Polish police on charges of money laundering.
#Fintech#CryptoAssets#Stablecoins#Tether#Bitfinex#DFC
·coindesk.com·
Bitfinex Denies Laundering, Says It's a Victim of 'Fraud' by Crypto Capital
The Claim That Facebook’s Libra Is A Cryptocurrency Is False Advertising
The Claim That Facebook’s Libra Is A Cryptocurrency Is False Advertising
Big corporations and regulators don’t like the unsupervised free-for-all of Bitcoin. They like to control things. And that’s exactly why Bitcoin was invented – to escape the control of a central authority but still have a system that works. It’s a brilliant concept, and Bitcoin’s success shows that it works.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·forbes.com·
The Claim That Facebook’s Libra Is A Cryptocurrency Is False Advertising
Can Libra and Other Crypto Find a Ground to Navigate Regulation?
Can Libra and Other Crypto Find a Ground to Navigate Regulation?
The regulatory control that most governments seek is generally related to money laundering and illegal activity. While cryptocurrency creators have no desire to foster such practices, many nevertheless hope to move away from the sorts of regulatory controls that are seen as centralized, less cost-efficient and often domineering.
#Fintech#CryptoAssets#Stablecoins#Facebook#Libra#DFC
·cointelegraph.com·
Can Libra and Other Crypto Find a Ground to Navigate Regulation?
Libra threat has central banks eyeing faster payments
Libra threat has central banks eyeing faster payments
"The main gap, or next frontier in terms of central banking activities would be to find efficient ways to connect our fast payment systems so that they can be used by citizens to transfer remittances to send money back home, to send money across borders, so that cryptocurrencies would be less needed in the first place."
#Fintech#CryptoAssets#Stablecoins#PaymentSystems#FastPayments#DFC
·ftalphaville.ft.com·
Libra threat has central banks eyeing faster payments
Victim or Accomplice? Bitfinex's Role in Crypto Capital Saga
Victim or Accomplice? Bitfinex's Role in Crypto Capital Saga
Bitfinex could very well be the victim and there could be many others, although not enough information is available yet to certainly say if they were indeed victims or not, but it would seem highly likely. At the same time, it’s interesting that this is only coming to light now and did not make more noise when it actually occurred or rather noticed. You would think with such a large amount of money someone would raise the alarm much sooner.
#Fintech#Stablecoins#CryptoAssets#Tether#Bitfinex#DFC
·financemagnates.com·
Victim or Accomplice? Bitfinex's Role in Crypto Capital Saga