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How China Is Clamping Down On Crypto Trading With Social Media

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The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites.

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BOE Gov: Facebook’s Libra Will Need Regulation

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Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

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Bitcoin Daily: US Treasury’s Mnuchin Says ‘Significant’ New Crypto Rules In Works; Spain’s FC Barcelona To Create Team Token

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12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). interest in cryptocurrency is on the rise, as military contractors have begun to see its uses and the Federal Reserve seeing the potential in digital coins. In the U.S.,

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FINMA Head: Libra Safer Than Unregulated Crypto

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Cryptocurrency pursuits conducted without supervision are more concerning to Switzerland than Facebook’s Libra coin, Reuters reported on Tuesday (Oct. Here is something which is being done transparently,” he said, referring to Facebook’s Libra , which will be closely regulated and subjected to anti-money laundering laws. “We

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Libra Association Pursues FINMA Payment License

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The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

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Libra Could Pose Tax Challenges In Europe

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With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. As a result, capital gains and losses would be created. These issues would hamstring the digital currency’s mainstream adoption, the Financial Times reported.

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Facebook Working On WhatsApp P2P Digital Currency

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Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. The social media giant has even spoken with crypto exchanges about selling the coin to consumers, telling them that it hopes to have a product out in the first half of the year.