Government

The Political Pressure on Facebook's Libra Continues

The Political Pressure on Facebook’s Libra Continues

  • A lengthy back-and-forth focused once again on privacy and money laundering issues.
  • More predominant this time were comparisons of Libra to a bank, suggesting the project should be regulated as one.
Facebook's Libra Under Heavy Attack in Senate Hearing

Facebook’s Libra Under Heavy Attack in Senate Hearing

  • Most senators raised concerns over Facebook's repeated history of privacy issues and lack of trust by the general public.
  • AML and KYC compliance was also central to the hearing, as was the registration of Calibra in Switzerland.
US Congress Requests Facebook Freezes Development of the Libra Project

U.S. Congress Requests that Facebook Freeze Development of Libra

  • This Tuesday U.S. lawmakers wrote an open letter to Facebook, requesting the firm to agree to a moratorium on the development of Libra.
  • Facebook already has 2 hearings scheduled by the Senate Banking Committee and the House Financial Services Committee for 16 and 17 July respectively.
Bill Proposes Creation of Blockchain Task Force & Business Incentives

Bill Proposes Creation of Blockchain Task Force & Business Incentives

A new bill has been proposed in the state of Utah that will stop blockchain firms from...
Thailand's Parliament Green-Lights Issuance of Tokenized Securities

Thailand’s Parliament Green-Lights Issuance of Tokenized Securities

Thailand's government is moving to allow the issuance and trading of tokenized securities in the country, major...
A Bill That Gives Blockchain Securities Legal Status Was Passed in Luxembourg

A Bill That Gives Blockchain Securities Legal Status Was Passed in Luxembourg

Luxembourg's parliament passed a bill that will make the use of blockchain technology in financial services easier by providing a legal framework...
ETF Connected to Bitcoin Futures Withdrawn After Request From SEC Staff

ETF Connected to Bitcoin Futures Withdrawn After Request From SEC Staff

Reality Shares ETF Trust have received a withdrawal request, for their proposed exchange traded fund (ETF), from the U.S. Securities and...
VanEck / SolidX Bitcoin ETF Proposal Gets Resubmitted

VanEck/SolidX Bitcoin ETF Proposal Gets Resubmitted

The race for the first US-based Bitcoin ETF is back on. With the US government shutdown drama...
Wyoming Proposes a Bill That Will Allow the Tokenization of Stocks

Wyoming Proposes a Bill That Will Allow the Tokenization of Stocks

According to the official Wyoming legislatures website, a bill has been proposed that will allow corporations to...
BBVA & Four Other Banks Join New European Commission Blockchain Association

BBVA & Four Other Banks Join New European Commission Blockchain Association

in 2019, the European Commission, EU's executive body, plans on launching a new blockchain association - the International Association...