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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

PYMNTS

12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). Chiliz has created a coin called Barca Fan Token due to its partnership with the Spanish sports giant, which can be used on its social media app Socios.

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Banker Quotes: As Told To Me v6

Jeff For Banks

Maybe social media is happening outside of the Marketing Department. How do you calculate that cost, Mr. Regulator? NJ Banker and West Pointer Norm Beatty quotes Stonewall Jackson: "Never take counsel of your fear." Do you have a vision about where your FI is going that is clear, and resonates throughout the organization?

NJ 98
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78
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FTC Investigates Facebook’s Privacy Practices

PYMNTS

President Donald Trump, the Federal Trade Commission (FTC) has launched an investigation into the social media platform’s privacy practices, the agency said in a statement. Frank Pallone (D-NJ), along with other lawmakers, said in a letter at the time. Greg Walden (R-OR) and Rep.

NJ 101
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Facebook’s Mark Zuckerberg Will Testify Before Congressional Panel

PYMNTS

Frank Pallone (D-NJ) — the panel’s top Republican and Democrat, respectively — said in a statement. The social media company said it would either be sending Mike Schroepfer, chief technology officer, or Chris Cox, chief product officer, both of which Facebook said would be “well-placed” to answer questions on the matter.

NJ 100