During the informal G7 talks held in Chantilly, north of Paris, the group of seven finance ministers and central bankers agreed that digital currencies such as Facebook’s Libra must be regulated in order to ensure that they do not pose any significant threat to the global financial system. Facebook avoided
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Even though Facebook kept its cryptocurrency project secret for as long as it could, the company did not manage to avoid reticence from US regulators, who fear about the bad consequences it might have on the global financial system. The Libra and Calibra projects had been announced officially and within
It is now official that Facebook will launch a cryptocurrency after the company released the white paper explaining Libra and its testnet two days ago. The public launch is expected to take place in the first half of 2020, but until then the project could face significant problems. For the
The fourteenth meeting of Group of Twenty will be held on 28-29 June in Osaka, as the first even G20 summit hosted by Japan, and as a result, finance ministers, as well as major central bankers, met on June 9th in Fukuoka. Although the meeting comes in a period when
Regulation for cryptocurrencies took a big step forward following the release of the latest guideline coming from the Australian Securities and Investment Commission (ASIC), which is the main financial regulator in the country. Back in April 2018, Australia was among the first countries to act in favor of cryptocurrency
The waiting for the first Bitcoin ETF continues and the United States’ Securities and Exchange Commission (SEC) is due to make a decision on the Bitcoin ETF proposal coming from the VanEck fund. As we’ve written back in February, the VanEck SolidX Bitcoin ETF had been resubmitted, after cancellation due
The scandals surrounding the controversial Craig Wright are escalating if we consider the latest move coming from a US court located in South Florida, which issued an order on May 3rd requesting Craig Wright to deliver a detailed list of its Bitcoin holdings. His controversy skyrocketed a few weeks
EU countries are beginning to make changes in terms of cryptocurrency regulation, as a result of the amendments to the EU Anti-Money Laundering Directive voted on May 30th, 2018. Finland will become among the first countries to take action with The Act on virtual currency providers, due to enter
The next G20 meeting will take place in Japan this June and one of the hottest topics which are due to be discussed is the issue of cryptocurrency regulation. Central bank governors, as well as financial regulators from the top 20 economies of the world, will sit at the
As it attempts to boost economic activity by supporting the fintech industry, Japan continues to be one of the most active countries when it comes to regulating cryptocurrencies. According to rumors detailed by Reuters, a new series of rules for exchange platform will be implemented shortly, following security breaches in
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