The U.S. Commodity Futures Trading Commission (CFTC) announced on June 25 that it has approved LedgerX’s application as a designated contract market (DCM). A DCM may “list for trading futures or option contracts based on all types of commodities and that may allow access to their facilities by all types of traders, including retail customers,” according to the CFTC.
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Not even a few hours after it was announced and there's already stock photos of Facebook's libra cryptocurrency (via Shutterstock).From Europe and America, Facebook’s Libra cryptocurrency faces suspicion
The social media giant will also have a high regulatory hurdle to jump before launching the digital asset
Less than 12 hours after it was announced, Facebook’s new libra cryptocurrency was already causing the kind of concern in European financial circles that even Bitcoin has not been able to generate.
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Visa, Mastercard, PayPal, Uber among companies joining Facebook stablecoin project
Wall Street Journal reports the social media giant will unveil GlobalCoin details next week
Facebook has signed up a who’s who of tech and financial powerhouses to back its forthcoming stablecoin, including Mastercard, Visa, PayPal, and Uber, the Wall Street Journal reported on June 13.
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As Facebook moves aggressively into crypto, challenges await
The social media giant is getting serious about its stablecoin, says CFTC Chair Giancarlo
Facebook has begun talking to U.S. regulators about getting approval for its forthcoming stablecoin cryptocurrency, said to be referred to as “GlobalCoin” at Facebook.
