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US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. Mnuchin added that the Treasury has informed Facebook, as well as other cryptocurrency users, that they need to implement the same anti-money-laundering and counter-terrorism safeguards as other financial institutions.

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Regulatory Tracker: Sandboxes Gain, While Cryptos Wane

PYMNTS

Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. As of the end of the week, at least one firm, Mattervest, said it had shuttered operations.

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Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For Crypto Fraud

PYMNTS

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. The slide deck was reportedly leaked through social media by an accountant. at the World Bank.

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On Collusion

Vitalik Buterin

The nascent RadicalXChange movement has meanwhile spawned experimentation with Harberger taxes , quadratic voting, quadratic financing and more. More recently, there has also been growing interest in using token-based incentives to try to encourage quality posts in social media. Or perhaps this?

Community 103
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House Democrats seek to bar tech firms from operating like banks

Payments Source

Lawmakers circulated a bill just ahead of hearings on Facebook’s Libra cryptocurrency that would prohibit companies with over $25 billion in annual revenue from launching a digital financial asset.

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A Brief History Of Libra

PYMNTS

It has been about a month since Facebook pulled back the curtain on its vision for Libra – a blockchain-backed cryptocurrency with the lofty aim of connecting the 1.7 The concept behind the project is to draw a hard and fast line between the Libra rails and the currency they support – and the social media network that is Facebook.