Known as the Managed Stablecoins are Securities Act of 2019, the bill would mean Libra was subject to the structures of U.S. securities law.
Speaking about Facebook Libra specifically, Bank of Japan Deputy Governor Masayoshi Amamiya said it was important to bear in mind “the potential global user-base could be enormous.”
With Facebook Libra not ready to be a part of a global financial network, Mastercard felt it needed to bow out of the project.
The Libra Association may have to submit further details about how the asset will operate before Australian regulators will permit a rollout in the country.
The Finnish government also emphasizes in its paper that an EU-wide framework for crypto should be adopted by financial regulators in order to ensure all countries are on the same page.
A logical reason why Facebook’s Libra should have been launched on regulation-compliant, Bitcoin SV (BSV) blockchain.
The Libra will never launch, if Europe has its way. But German banks want some kind of state alternative.
The Twitter CEO is among investors to have participated in the $10 million funding round for CoinList, a firm which works with companies to advise on token issues.
Facebook executives are more determined than ever to see the Libra stablecoin participate in a global economic system.
Led by its Chairman Xi Jinping, China is all in on blockchain as Bahamas explores CBDC. Regulators are also stepping up their game as blockchain makes its mark
Shillingford and Coughlan return to give predictions on Libra, and how governments are learning to use Bitcoin against crime.