In The News
Facebook’s crypto-project initiative ‘Libra’ has been confronting various hindrances before an actual take-off, talk of the town across the globe as some G7 finance ministers and the central bank governors showed some sort of scepticism on this project but reinstating the project is the most buzzing topic even within the U.S. region.
TBCASoft, IBM, and SoftBank announced a blockchain-based cross-carrier system (CCPS) for mobile payments. This payment system would enable its users for payments using their phones on local merchants. CCPS is designed for interoperability across different telecom carriers, which should allow the creation of a network of merchants accessible to users of the CCPS system.
Facebook CEO Mark Zuckerberg plans to tell lawmakers that he understands Facebook is not the “ideal messenger” for its cryptocurrency project and he supports delaying Libra’s launch until regulatory concerns are addressed.
United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities.
Congress may consider a bill to classify stablecoins – cryptocurrencies whose values are pegged to a fiat currency or other assets – a
Ahead of Facebook Chief Mark Zuckerberg's appearance on Capitol Hill, Congresswoman Sylvia Garcia (D-TX) spoke with Cheddar about what to expect. Zuckerberg will discuss the future of Libra in both domestic and foreign markets, and will make his pitch in front of the House Financial Services Committee.
WASHINGTON (CNN) — A slew of policy changes this week at Facebook shows how the social media giant can act decisively on pressing public policy matters — when it chooses to.
Facebook CEO Mark Zuckerberg faces a tough test Wednesday as he testifies publicly before a House panel on Libra, his company's controversial effort to launch a global cryptocurrency.
A slew of policy changes this week at Facebook show how the social media giant can act decisively on pressing public policy matters — when it chooses to.
Draft legislation has been posted on the US House of Representatives, Financial Services Committee website that may designate “stablecoins” as securities.