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Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair
16.7.2019
Former CFTC Chairman Gary Gensler believes Facebook's Libra looks – and should be regulated like – a security
What to Expect When Congress Grills Facebook on Cryptocurrency This Week
15.7.2019
The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions
Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics
15.7.2019
The U.S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out. Though this scenario has played out many times before, it takes on special significance now in light...
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
14.7.2019
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion...
PR: Matrix Exchange Receives Approval From Abu Dhabi Global Market
14.7.2019
Abu Dhabi-based crypto asset exchange, Matrix Exchange announced on July 12 that it has received an In-Principle Approval (IPA) from by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a crypto asset exchange and custodian in ADGM.
The post...
Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
11.7.2019
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June
Bitcoin ‘Single Best Hedge’ Against Traditional Financial System, Says VC
10.7.2019
Chamath Palihapitiya, CEO of VC firm Social Capital, has proposed that bitcoin is the single best hedge against the traditional financial system
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
110 Cryptocurrency Exchanges Want to Launch in Japan – A Look at Recent Changes
9.7.2019
Following G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto...
Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra
8.7.2019
Facebook's Libra cryptocurrency project threatens the stability of financial systems, according to South Korea's Financial Services Commission
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
5.7.2019
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...
Major Chinese Financial News Provider Quietly Adds Crypto Index
4.7.2019
Sina Finance, major Chinese financial news source, has silently launched crypto index on its mobile app, according to local reports
Sanctions-Hit Cuba Eyes Cryptocurrency as Solution to Financial Woes
3.7.2019
Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances amid U.S.-led sanctions
Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to India
3.7.2019
India’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action...
4 US Lawmakers Join Call to Freeze Facebook’s Libra Project
3.7.2019
Several House Democrats called for a moratorium on Libra development in a letter to Facebook executives on Tuesday
UK Financial Watchdog Grants License to London-Based Crypto Asset Firm
2.7.2019
London-based Prime Factor Capital has received FCA approval to operate as a cryptocurrency investment management firm
Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?
1.7.2019
Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive...
G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments
1.7.2019
The G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan. They declared their commitments, reaffirmed that crypto assets do not pose a threat to global financial stability, and requested further work done by standard-setting bodies. Also read:...
Singapore To Open Fintech Innovation To Further Strengthen Financial System
1.7.2019
As far as innovations in the financial world are concerned, Fintech has been the biggest development in the industry over the past half a decade or so. In that regard, it is not really a surprise that Singapore, one of the world’s most important financial hubs, has become a hotbed for Fintech...
V20 Summit Concludes With Promises for Crypto Industry
30.6.2019
As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies...