China’s congress has passed a cryptography law to promote crypto development and ensure sound cybersecurity, according to a report from Xinhuanet, China’s news agency, on Saturday (Oct. 26). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
PayPal Chief Financial Officer John Rainey said the digital payments firm was never officially part of the Libra Association and although it was the first major brand to pull out, it did so only to focus on its own business strategies, CNBC reported on Thursday...
Facebook’s relationship with financial institutions could be threatened if it launches its cryptocurrency Libra without fully addressing concerns over money laundering, The Financial Times (FT) reported on Tuesday (Oct. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Economist Stephen Moore, who recently lost out on a bid to join the board of the Federal Reserve, is looking to launch his own cryptocurrency product, Fortune reported on Monday (Oct. 21). Moore and other entrepreneurs are seeking to start a digital stablecoin — Frax...
Libra, Facebook’s cryptocurrency plan, is moving forward despite being “mocked” by regulators and losing key investors like Visa and Mastercard, The New York Times reported on Monday (Oct. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
David Marcus, CEO of Facebook’s wallet service Calibra, said that Libra could use national currency-pegged stablecoins like a dollar stablecoin, rather than the synthetic one it initially proposed, Reuters reported on Sunday (Oct. 20). Get the Full Story Complete the form to unlock this article...
Jamie Dimon, CEO of JPMorgan Chase & Co, said that Facebook’s proposed cryptocurrency, Libra, is “ … a neat idea that’ll never happen,” according to reporting by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Proponents of cryptos tout anonymity, the fact that digital coin transactions are hard to trace, and that blockchain allows for transactions to occur pretty much instantaneously between parties. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Financial Action Task Force (FATF) said it is worried about “stablecoins,” like Facebook’s Libra, and how they could be used for illicit purposes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
