David Marcus of the Libra Association reportedly said that the project would be open to using government currency-pegged stablecoins. Facebook is reportedly open to the idea of using national currency-pegged stablecoins for its forthcoming Libra project. According to Reuters on Oct. 20, David Marcus, the head of the Libra project for Facebook and CEO of…
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Cointelegraph presents a weekly digest of news from the German-speaking world, with help from Cointelegraph auf Deutsch. The German-speaking world has seen another week of events in the crypto industry, with a new survey revealing that 27% of Germans are interested in using Facebook’s planned Libra stablecoin, which has been discussed all over the world…
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Alipay denies providing support for Bitcoin trading amid reports of Binance accepting fiat deposits via popular payment channels. Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether…
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FATF has concerns over Libra’s potential use in money-laundering if Facebook’s proposed stablecoin is to become widespread. Global monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s Libra and other stablecoins. Mass adoption of such currencies could hinder efforts to detect and stamp out…
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German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Libra. German Federal Minister of Finance Olaf Scholz has doubled down on his previous statement that policymakers should prevent the issuance of Facebook’s Libra stablecoin. At the International Monetary Fund and World Bank fall…
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G20 nations call upon the International Monetary Fund to examine the macroeconomic implications of global stablecoins. The G20 finance chiefs of the world agree that global stablecoins give rise to a set of public policy and regulatory risks. On Oct. 18, Reuters reported that the G20, an international forum for the governments and central bank…
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JPMorgan Chase CEO Jamie Dimon said that Facebook’s not-yet-released Libra stablecoin is “a neat idea that will never happen.” JPMorgan Chase CEO Jamie Dimon has said that Facebook’s not-yet-released Libra stablecoin is “a neat idea that will never happen.” Dimon delivered his comments during a speech at the Institute of International Finance conference on Friday,…
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Huobi has launched a fiat onramp for the Turkish Lira that will allow users in the country to trade cryptocurrencies on Huobi Global. Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019. Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange,…
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Nearly 75 percent of German consumers would not use Facebook’s Libra stablecoin as a means of payment at home or abroad. Almost three-quarters of German consumers would not use Facebook’s planned digital currency, Libra, according to a recent poll. Only 27 percent considers using Libra On Oct. 17, Cointelegraph auf Deutsch reported that out of…
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A G7 task force believes that stablecoins could present a significant risk to the global financial stability, but also present an opportunity to update payment systems. A G7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments. Doubling…
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