Tag: Bitcoin

The small nations going big on cryptocurrency

(Reuters) — When Belarusian President Alexander Lukashenko met entrepreneur Viktor Prokopenya in March 2017, their discussion was scheduled to last for an hour but went on for three times that long. The meeting, Prokopenya said, ended with Lukashenko asking him to propose regulations to boost the country’s tech sector. Prokopenya worked with IT firms and […]

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G7 urges tight regulations for digital currencies, agrees to tax digital giants locally

(Reuters) — Digital currencies such as Facebook’s planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world’s financial system, Group of Seven finance ministers and central bankers said on Thursday. Finance Minister Bruno Le Maire of France, which holds the rotating presidency of the […]

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U.S. proposes barring Facebook and other big tech firms from offering financial services

(Reuters) — A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters. In a sign of widening scrutiny after Facebook’s proposed Libra […]

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Facebook’s ‘cryptocurrency’ Libra has nothing to do with Bitcoin

By now, you’ve probably caught wind of Facebook’s freshly-unveiled cryptocurrency, Libra. The news captured international media attention and has dominated headlines for more than two weeks since the official announcement. But if this is the first time hearing of it, welcome to the future where data wasn’t enough and now Facebook wants to control monetary […]

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