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European Countries Step Up Response to Facebook’s Libra


The European Central Bank (ECB) and a number of countries in the region have stepped up their efforts in response to Facebook’s Libra, which has revived a competing ECB project for instant payments. As Facebook engages Switzerland’s financial regulator, the ECB clarifies how Libra...

Switzerland’s FINMA Announces Additional Scrutiny of Facebook’s Libra


Facebook shines as one of the most loved social networking sites in the modern era. With the growing craze for cryptocurrencies, Mark Zukerberg led social media giant, planned to explore the new domain by launching its stablecoin, Libra. Despite hailing from a reputed and popular brand name...

Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached


One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks...

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