Sep 17, 2019 at 14:29
France Shows Red Light to Facebook’s Libra Cryptocurrency
Recently, French financial authorities have shared major concerns about new cryptocurrencies being introduced onto the market. France is planning to block the development of Facebook’s cryptocurrency known as Libra claiming that the token will bring a huge risk to monetary sovereignty in the country and Europe at large.
Sep 16, 2019 at 10:23
Cryptocurrency Distopia by Facebook: Is it the End of Freedom?
One of the great advantages that Bitcoin has is that it is decentralized, and hence not controlled by any central agency. Cryptocurrency gives exceptional capabilities to counterspy on and command what individuals do, and putting that authority to a few persons or companies is not only extremely dangerous but also unsafe.
Telegram to Launch its Cryptocurrency “Gram” by October’s End
Cloud-based instant messaging and voice over IP service Telegram considers whether to roll out a cryptocurrency dubbed Gram with high determinations and a snug limit of two months. However, for this project to thrive, the company must fulfil what regulators need before October ends, a thing that looks challenging, The New York Times reports.
Facebook Hires Lobbying Company due to Cryptocurrency Debate
The topnotch multinational social networking service provider Facebook, has engaged a lobbying company based in the State of Washington, United States amid the augmented Congressional and regulatory backlash the American technology giant has seen because of its future Libra Cryptocurrency project that is expected to be launched in 2020 once it meets all the necessary regulatory approvals.
Mastercard and Visa to Form Blockchain & Cryptocurrency Team
The world’s giant financial and payment card firms Visa Inc. and MasterCard are trying to form a specialized team of digital asset experts or invest in venture firms, particularly in creating their private wallets. Mastercard Incorporated is seeking for professional blockchain engineers plus many other executives in the employment unit of its official website.
Regulators are Suspicious About Facebook’s Libra Network
The Office of the Australian Info Commissioner (OAIC) released a statement on Tuesday showing that it has joined other privacy regulators from different parts of the world I’m calling for more info about Facebook’s Libra Network. OAIC and other regulators including United Kingdom Info Commissioner’s Office (ICO), the European Union, the United States, Albania, Canada and Burkina Faso, want to know more about Facebook's information protection framework for its private cryptocurrency dubbed Libra that is expected to be launched in the first quarter (Q1) of 2020.
UK Authority Tips Off Dangers of Unregulated Cryptocurrency
On July 31, 2019, the United Kingdom financial and markets watchdog warned of the major dangers of unregulated Bitcoin and other cryptocurrencies. The Financial Conduct Authority (FCA) revealed that they don’t have core value and provide users less protections and further indicated that those unregulated tokens fall outside the range of its authorities.