In the wake of a lawsuit by the U.S. Securities and Exchange Commission, messaging service Telegram told backers that it would likely postpone the public launch of its Gram token.
Despite being called ‘global threat’, Libra Association launches
A signing ceremony by the cryptocurrency’s members was overshadowed by dropouts and a report calling stablecoins a threat to the global economy
Facebook’s wounded Libra Association formally voted itself into existence on October 14, electing a board and choosing officers. The ceremony was overshadowed by the loss of seven original members including Mastercard and Visa.
The SEC, CFTC, and FinCen got together to say follow the rules or you'll get trampled. (via Wikimeedia Commons).Three agencies issue direct warning: everyone must comply
Anti-money laundering and terrorism financing laws must be followed; registration with the correct agency is your responsibility
The three main U.S. agencies overseeing cryptocurrencies and digital assets just issued an unusual joint warning. You must comply with anti-money laundering rules and register with us.
Facebook remains defiant in wake of Libra defections
The loss of Mastercard, Visa, Stripe, eBay, and Mercado Pago has hurt the stablecoin project, but the social media giant promised to move ahead
Facebook’s plan to create a blockchain-based stablecoin called Libra took a body blow on October 11, when five main partners including Mastercard and Visa withdrew.
