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US “Keep Big Tech Out Of Finance” Act Reportedly Leaks Ahead of Libra Hearings
It would appear that a draft bill intending to limit “Big Tech’s” entry into finance and crypto has surfaced online. This leak is reportedly from the United States House of Representatives Financial Services Committee. What’s more, this comes just days ahead of Facebook’s Libra hearings. Keep Big Tech Out Of Finance Act could prevent tech firms from establishing cryptos Specifically, this draft bill – the “Keep Big Tech Out Of…
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Crypto Market Falls As Federal Reserve Chairman Says Libra ”Cannot Go Forward”
The Chairman of the Federal Reserve, Jerome Powell, recently spoke before the US House Financial Services Committee. In his talk, Powell put an emphasis on that Facebook’s Libra crypto must handle regulatory concerns. Powell noted that unless there is “broad satisfaction” with the way Facebook does this, he does not think Libra can go forward. Libra “cannot go forward” without broad satisfaction These comments have had a substantial effect on…
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US House Representatives Worried Libra Could Have Illegal Uses
Multiple members of the United States House of Representatives have been briefed on Facebook’s upcoming Libra crypto. Specifically, the House Representatives have received information on how Libra could be used for illegal ends. Could Libra be used illegally? Well, duh This information came from the Director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco. Reportedly, the briefing included a look at how criminals could potentially use Libra for illicit…
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Report Indicates Crypto Trading Will Soon Become Legal in Russia
The Russian Ministry of Finance is reportedly considering to make crypto trading legal in Russia. This rumored decision to allow cryptocurrencies as payment in Russia comes as the crypto market continues a bull run. Could a new bill soon make crypto trading legal in Russia? Specifically, this latest report comes from a recent article by the Russian news service Interfax. According to the report, the Russian Deputy Minister of Finance,…