It looks like the scrutiny on cryptocurrencies continues, with the United States House of Representatives Committee on Financial Services scheduling a new hearing titled “Oversight on the Securities and Exchange Commission: Wall Street’s Cop on the Beat” for September 24th. The SEC’s chairman Jay Clayton, who had been very downbeat
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On September 6th, the Fed’s Chair Jerome Powell attended a forum sponsored by the Swiss Institute of International Studies, where the issues of cryptocurrency regulation, Facebook’s Libra, and state-own digital assets had been discussed. Although the world had been waiting for his speech in expectations for some hints about monetary
Congresswoman Maxine Waters is currently leading a delegation of US lawmakers in Europe and the Middle East during the Congressional recess, with the main purpose of finding more about the Swiss-headquartered Libra Association will issue and manage to Libra cryptocurrency. Since the project had been officially confirmed by the social
The last few months had been dominated by Facebook’s Libra coin and the market’s attention moved away from cryptocurrency-related ETFs being launched in the United States. With the Securities and Exchange Commission constantly delaying decisions on ETF proposals, the cryptocurrency bull run had been fueled by other reasons, including new
The United Kingdom Information Commissioner’s Office is the last important regulator on the list of agencies concerns about Facebook’s Libra project. On August 5th, the Commissioner issued a joint statement on global privacy expectations of the Libra network, addressing to all 28 companies that are behind the Libra and Calibra
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
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
