A draft bill has surfaced in U.S. Congress that claims that all managed stablecoins must be seen as investment contracts and therefore as securities.
Facebook News
Facebook is a company that owns one of the largest social networks with the same name. It was founded in 2004 by Mark Zuckerberg and his roommates during their studies at Harvard University. Initially, it was made as a website internal to the university, which then spread all around the world.
The company has expressed interest in investigating the uses of blockchain technology for Facebook Messenger by launching a new team for this task. However, in the beginning of 2018, it was announced that all advertisements related to cryptocurrency or any other suspicious financial product would be banned on the site in order to provide better security for Facebook users. In addition to this, the absence of legislation concerning the use of cryptocurrency deters Facebook from considering involving it in their payment system.
- News
- News
Facebook CEO Mark Zuckerberg plans to tell Congress that Libra will not launch anywhere in the world until U.S. regulators approve it.
- News
by Helen Partz
Mirror Worlds creator David Gelernter and 19-year Goldman Sachs veteran Rob Rosenthal team up for a new social network.
- Interview
by Kollen Post
Author of the Token Taxonomy Act and member of the U.S. House Financial Services Committee Rep. Davidson speaks with Cointelegraph ahead of Zuckerberg hearing.
- News
Banks may be bound to stop working with social media giant Facebook if the firm launches its Libra stablecoin, according to ING CEO Ralph Hamers.
- News
by Joeri Cant
FinCEN Director Kenneth Blanco says that the agency expects fintech firms that provide anonymous services to comply with Anti-Money Laundering standards.
- Use Case
Libra has gotten off to a spluttering start in the eyes of regulators. But could central banks swoop in and save the day?
- News
Finance Minister Nirmala Sitharaman has said that India — like many others, in his view — is showing a high degree of caution in regard to Facebook’s Libra.
- News
by Aaron Wood
David Marcus of the Libra Association reportedly said that the project would be open to using government currency-pegged stablecoins.
- Analysis
Libra proceeds with formalizing its governance structure amid major members dropping out, regulatory upheaval and fork attempts.
- Hodler’s Digest
by Thomas Simms
Cointelegraph has been blocked in Russia, and Telegram’s legal showdown with the SEC has been delayed until February.
- Follow up
Alipay denies providing support for Bitcoin trading amid reports of Binance accepting fiat deposits via popular payment channels.
- News
by Joeri Cant
G20 nations call upon the International Monetary Fund to examine the macroeconomic implications of global stablecoins.
- News
German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Libra.
- News
by Joeri Cant
A G7 task force believes that stablecoins could present a significant risk to the global financial stability, but also present an opportunity to update payment ...
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