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Tag: libra

Blockchain 101

State-owned Chinese bank rolls out ATMs for digital yuan

cryptokids January 11, 2021 No Comments CBDCChinalibraYuan

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…

View More State-owned Chinese bank rolls out ATMs for digital yuan
Blockchain 101

New name, old problems? Libra’s rebrand to Diem still faces challenges

cryptokids December 31, 2020 No Comments DiemfacebooklibraNovi

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
Cryptocurrency

With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto?

cryptokids December 15, 2020 No Comments AMLcalibraDepartment of JusticeGovernmentlibraUS Government

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?
Cryptocurrency

FTC sues Facebook in antitrust lawsuit as regulators mount offensive

cryptokids December 10, 2020 No Comments DiemfacebookFTClibraWhatsApp

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…

View More FTC sues Facebook in antitrust lawsuit as regulators mount offensive
Cryptocurrency

Hundreds of millions of consumers will use digital currencies soon: Circle CEO

cryptokids December 9, 2020 No Comments CBDCCircleCoinbaseDiemdigital currencieslibraNewsRegulation

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,…

View More Hundreds of millions of consumers will use digital currencies soon: Circle CEO
Blockchain 101

Facebook hopes to launch its crypto and wallet in 2021, top exec says

cryptokids December 8, 2020 No Comments facebooklibraPaymentsstablecoin

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.…

View More Facebook hopes to launch its crypto and wallet in 2021, top exec says
Cryptocurrency

German government unimpressed by Facebook stablecoin’s rebrand

cryptokids December 7, 2020 No Comments DiemG7Germanylibra

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…

View More German government unimpressed by Facebook stablecoin’s rebrand
Blockchain 101

Facebook’s Diem stablecoin is an existential threat to traditional banking

cryptokids December 5, 2020 No Comments CryptocurrenciesfacebookFinancial ServicesGovernmentlibrastablecoin

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…

View More Facebook’s Diem stablecoin is an existential threat to traditional banking
Cryptocurrency

Congresspeople speak out against Tlaib’s anti-stablecoin bill

cryptokids December 5, 2020 No Comments CongressfacebookLawlibrastablecoin

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…

View More Congresspeople speak out against Tlaib’s anti-stablecoin bill
Cryptocurrency

Law Decoded: New threats to self-custody take shape in the US, Nov. 27-Dec. 4

cryptokids December 4, 2020 No Comments facebookGovernmentLawlibraSECstablecoin

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

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