Tag Archives: Banks

17Oct/19

Fed Governor Warns: Facebook’s Libra Users Lack Clear Rights

A member of the Federal Reserve’s Board of Governors has said that Facebook’s Libra could pose risks to consumers due to a lack of clarity over their rights with respect to theRead More…

Share this:
04Sep/19

IMF Chief Christine Lagarde Encourages Open Cryptocurrency Regulation

European Central Bank (ECB) president candidate and International Monetary Fund (IMF) chief Christine Lagarde stated on Sept. 4 that central banks and financial supervisors should protect consumers but also be open toRead More…

Share this:
01Sep/19

Crypto News From Brazil and Portugal: Aug. 24-31 in Review

This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds.  Brazil’sRead More…

Share this:
26Aug/19

Brazil Central Bank Adopts IMF Guidelines for Crypto Classification

The Central Bank of Brazil has moved to classify bought or sold cryptocurrency assets per International Monetary Fund (IMF) guidelines. Brazil’s central bank announced its decision on Aug. 26. With the newRead More…

Share this:
21Aug/19

Australia’s Biggest Bank Says Its ‘BioTokens’ Can Help the Environment

The Commonwealth Bank of Australia is currently prototyping blockchain tokens meant to enable landowners, environmental groups, developers and governments to invest in sustainable development. Commonwealth Bank’s ‘BioTokens’ The bank announced in aRead More…

Share this:
14Aug/19

Barclays May Be Ending Work With Coinbase, Transactions in GBP to Slow

British banking giant Barclays has reportedly cut ties with United States crypto exchange Coinbase. As Coindesk reported on August 13, unnamed industry sources have said that Barclays will no longer be bankingRead More…

Share this:
03Jul/19

Economist Joseph Stiglitz: Only a Fool Would Trust Facebook’s Libra

Nobel prize-winning economist, Joseph Eugene Stiglitz, claims that “every currency is based on trust, but only a fool would trust Facebook’s Libra” in an article published on July 2. Stiglitz also notesRead More…

Share this:
25Jun/19

French Central Bank: Facebook’s Libra May Need Banking License

Bank of France Governor Francois Villeroy de Galhau said that Facebook’s Libra stablecoin must comply with anti-money laundering regulation and seek banking licenses if it offers banking services, Reuters reports on JuneRead More…

Share this: