China’s efforts to develop a centrally-issued digital currency took a leap forward on Sunday as the state-owned Agricultural Bank of China launched the first digital…
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Tag: libra
New name, old problems? Libra’s rebrand to Diem still faces challenges
Facebook-backed Libra Association’s rebrand to Diem looked to quash negative perceptions of the project, but its new name has not changed the regulatory pressures the…
View More New name, old problems? Libra’s rebrand to Diem still faces challenges
With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto?
In a tweet Monday evening, President Trump announced the departure of William Barr from the office of Attorney General. The announcement comes the same day…
View More With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto?
FTC sues Facebook in antitrust lawsuit as regulators mount offensive
The United States Federal Trade Commission has filed a lawsuit against Facebook, Inc., where it alleges that the corporation has been engaging in anti-competitive practices…
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Hundreds of millions of consumers will use digital currencies soon: Circle CEO
Speaking at Singapore Fintech Festival, Circle CEO Jeremy Allaire said that “third-generation blockchain technology” would see digital currency “in the hands of hundreds of millions,…
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Facebook hopes to launch its crypto and wallet in 2021, top exec says
Global regulators should grant Facebook-backed cryptocurrency Diem “the benefit of the doubt” to greenlight its launch in 2021, a top executive at Facebook Financial said.…
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German government unimpressed by Facebook stablecoin’s rebrand
Facebook’s Diem stablecoin, which recently changed its name from Libra, is still failing to impress German regulators. As reported by Reuters, German Finance Minister Olaf Scholz voiced…
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Facebook’s Diem stablecoin is an existential threat to traditional banking
Facebook, it is reported, could launch its long-awaited digital currency as early as January 2021 in the form of a U.S. dollar-backed stablecoin. Central banks…
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Congresspeople speak out against Tlaib’s anti-stablecoin bill
On Wednesday night, Congresswoman Rashida Tlaib introduced a bill before the U.S. House of Representatives looking to make fiat-pegged stablecoin operators abide by the same…
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Law Decoded: New threats to self-custody take shape in the US, Nov. 27-Dec. 4
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note For several weeks, rumors…
View More Law Decoded: New threats to self-custody take shape in the US, Nov. 27-Dec. 4