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Joint statement of the EU Commission and the EU Council on stablecoins
Nov 13,2023
The European Union Commission and the EU council issued a joint statement on stablecoins. Stablecoin is a term for digital currency that is backed by commodity or other currency in order to maintain price stability. Stablecoins are in focus of regula...
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France will start testing digital currency in 2020
Nov 13,2023
In his speech at the conference by the French Prudential Supervision and Resolution Authority (ACPR), Governor of the central bank of France stated that France is looking at the possibility to create digital currency issued by the central bank. Accor...
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Libra Association Council announced
Oct 14,2023
Despite the canceled partnership with the major payment processor companies Mastercard, Visa, PayPal and others, Facebook continued with its plans for cryptocurrency Libra. On a meeting held in Geneva on October 14, Libra Association, the governing b...
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Mastercard, Visa, eBay, Stripe and Mercado Pago leaves the Libra cryptocurrency project
Oct 11,2023
Payments companies Visa, Mastercard, Stripe and Mercado Pago along with the online retailer eBay, confirmed that they areleaving Facebook's cryptocurrency project Libra. Major payment companies were supposed to be among the founding members of the Li...
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Facebook go through questioning from central banks, around cryptocurrency Libra
Sep 16,2023
Facebook representatives were involved in the questioning from twenty-six central banks, including the Federal Reserve and the European Central Bank, in Basel, Switzerland, on September 16th. Questioning was related to the issuance of Facebooks's cry...
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France and Germany voiced concerns about Facebook's cryptocurrency Libra and propose the alternative public cryptocurrency
Sep 14,2023
At the meeting of the Eurozone finance ministers in Helsinki this week, French Minister of Finance Bruno Le Maire issued a joint statement with German finance Minister Olaf Scholz, regarding concerns with Facebook's cryptocurrency Libra. They pointed...
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France to block Facebook's Libra cryptocurrency
Sep 12,2023
 At the opening of the OECD Blockchain development summit in Paris, French finance minister Bruno Le Maire said France will halt any progression of Facebook's Libra cryptocurrency development in Europe. 'I want to be absolutely clear: In these c...
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Facebook's Libra raises privacy concerns from world's top regulators
Aug 05,2023
A number of top privacy commissioners from all continents (Asia, Europe, Americas, Oceania and Africa) have published a joint statement raising concerns over the data protection safeguards of Facebook's new currency project. According to TechCrunch, ...
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US Treasury Secretary depicts Libra as a national security issue
Jul 15,2023
In a press conference held on July 15, US Treasury Secretary Steven Mnuchin said Facebook's proposed digital currency, Libra, "could be misused by money launderers and terrorist financiers" and that it was a "national security issue." Earlier this mo...
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Japan to block Facebook's Libra until the full legal compliance
Jul 08,2023
Bank of Japan Deputy Governor Masayoshi Amamiya, said in a statement that Facebooks' cryptocurrency called Libra, must comply with regulations on money laundering and risk management. Facebook is working on a global cryptocurrency that will be introd...
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The biggest US cryptocurrency exchange Coinbase goes for public sale
Apr 14,2023
Following the US SEC decision to grant the Coinbase a public sale of its stocks, on April 14, the Coinbase shares will be listed on the New York Stock Exchange. According to the independent reports, the company has more that 56 million users and oper...
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The EU finished the public consultation process for digital euro
Apr 13,2023
On April 13, the EU central Bank (ECB) issued the digital euro public consultation report. In more than 8000 comments and suggestions users highlighted privacy, security, and the cross border interoperability as the main issues to be considered. The ...
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