Libra - Tag Archives - Cryptonews (Page 2)

A Former CFTC Chair Thinks There is No Need For New Laws on Stablecoins: Here’s What He Said

Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC) and a current research fellow at Harvard's Kennedy School of Government, argued that regulatory progress on stablecoins can be made immediately by utilizing the current laws.Guesting on Bloomberg's Odd Lots...

, by Sead Fadilpašić

Digital Yuan Architect: ‘Imagine a CBDC on Ethereum or Diem’

One of the chief architects of the Chinese digital yuan has discussed a possibility that the central bank digital currencies (CBDCs) could operate on networks such as Ethereum (ETH) or the yet-to-be-released Facebook-masterminded blockchain platform Diem (formerly Libra) as part of a two-tier...

, by Tim Alper

New Bitcoin ETF Attempt, Diem’s Move, Ripple vs. SEC + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Crypto adoption newsNYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, aims to launch a...

, by Linas Kmieliauskas

Facebook’s Libra Rebrand Hits Another Name-Change Snag as UK Diem Lawyers up

Facebook’s latest efforts to rebrand its Libra stablecoin project, recently renamed Diem, appear to have hit the rocks – again – with a British fintech firm of the same name preparing legal action.The Libra Association, the project’s governing body, recently stated that it...

, by Tim Alper

Stablecoins Get Another Headache In US, Ethereum Camp Feels Attacked Too

The stablecoin regulation act proposed in the US Congress has once again stressed an important difference between centralized and decentralized projects in terms of regulation. (Updated at 13:22 UTC: updates in bold.)There is much discussion currently in the Cryptoverse over the recent announcement...

, by Sead Fadilpašić

From Libra to Diem: Association’s New Clothes for ‘Appropriate Autonomy’

The Facebook-backed Libra Association has announced the change of its name to the Diem Association - a move which, along with new hires, the association claims will grant the project more "autonomy."In an emailed press release, the organization wrote,"The Libra Association announces the adoption of...

, by Sead Fadilpašić

Limited Facebook’s Libra Might Be Launched in January – Report

Facebook-led digital currency Libra is preparing to launch as a single coin backed one-for-one by the dollar as early as January, the Financial Times reported, citing three undisclosed people involved in the initiative.The other currencies and the composite would be rolled out at a later point, the...

, by Linas Kmieliauskas

While China Is Already Testing CBDC, US’s Goal Is ‘To Get It Right’

Central banks are still more focused on risks of central bank digital currencies (CBDCs) while they're increasingly cooperating with each other in an attempt to investigate this potentially new form of local and cross-border payments, according to statements by the panelists of an International...

, by Jaroslaw Adamowski

G7 Game: Keep Facebook’s Libra at Bay & Work On Own CBDC

The Group of Seven (G7) major developed economies reportedly reiterated that Facebook's Libra stablecoin can't be launched until it is properly regulated, while at the same time the club is exploring central bank digital currencies (CBDCs).“The G7 continues to maintain that no global...

, by Linas Kmieliauskas

EU Goes for Crypto Regulations Slam Dunk

The EU has set out plans to regulate cryptoassets, including provisions for stablecoins – with crypto exchanges active in the region required to have a physical presence in EU territories and abide by capital requirements.The plan was published by the European Commission (EC), the EU’s...

, by Tim Alper

Crypto Exchange Giant Kraken Completes Japan Return + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Exchanges news Kraken has officially opened its new Japanese exchange under the umbrella of its Tokyo-based Payward Asia subsidiary....

, by Tim Alper

Alibaba Accelerates in Blockchain Patent Race + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Blockchain news More blockchain-related patents were published in the first half of 2020 than in all of 2019, a year that had already...

, by Tim Alper

How CBDCs Might Change Our Daily Payments

"The only advantage of having a bank account is that it enables digital payments." "For regular people CBDC wallets will be treated as alternatives for card payments." Traceability may not be desirable for more privacy-minded consumers.Central bank digital currencies (CBDCs) could provide consumers...

, by Simon Chandler

This is How Facebook’s Novi Can Share Libra User Info With Others

Social media giant Facebook's subsidiary Novi Financial has retained the right to share the information of Libra users with the third parties, with users' consent, and in certain cases - "without further notice."As reported, in May, Facebook rebranded its Calibra subsidiary, responsible for the...

, by Sead Fadilpašić

Estonian Crypto Purge; BitPay Card; Three Arrows Hit Grayscale + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Regulation newsEstonian regulators worried that crypto-related firms are using their local credentials to help commit...

, by Sead Fadilpašić

Regulating & Enabling Innovation: A Policymaker’s Perspective

Greg Medcraft is the Director of the Directorate for Financial and Enterprise Affairs of the Organisation for Economic Co-operation and Development (OECD).______The past twelve months have served to illustrate the rate at which blockchain and other distributed ledgers technologies (DLTs) are...

, by Greg Medcraft

# Libra (Page 2)

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