Libra: US Congress asks Facebook to pause development

Legislators say they need time to investigate cryptocurrency and its potential impactThe US Congress has asked Facebook to pause development on its Libra cryptocurrency until lawmakers have had more time to investigate the ramifications of the company’…

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Facebook warned Libra cryptocurrency will come under close scrutiny

UK financial regulator highlights concerns over consumer protection and privacy Facebook’s plans for a global cryptocurrency, Libra, will warrant close scrutiny by governments across the world, according to one of the UK’s most senior financial regulat…

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Why Facebook’s Libra currency gets the thumbs down | Joseph Stiglitz

Only a fool would trust Facebook with their financial wellbeing. But maybe that’s the point of the Libra currencyFacebook and some of its corporate allies have decided that what the world really needs is another cryptocurrency, and that launching one i…

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Bitcoin price falls below $10,000 as lift from Facebook’s Libra fades

Cryptocurrency climbed to nearly $14,000 on news social network was launching rivalThe price of bitcoin has fallen back below $10,000, down 30% from last week’s peak of nearly $14,000.Continuing its wild ride, the digital currency dropped to $9,717 on …

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Financial regulation is costly and complex – time for a big tech solution

Cryptocurrencies, new payment systems and digital banking all signal a financial revolution that needs better oversightBanking supervision teams at the Bank of England “now receive the equivalent of twice the entire works of Shakespeare of reading each…

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