According to a Nov. 27 Financial Times report, Libra will launch in January with just a single dollar-backed stablecoin. The exact launch date depends on when the association receives the Swiss Financial Market Supervisory Authority’s approval to operate as a payments service, which could come in January after the May 2020 application.
-
-
The European Commission is providing clarity for cryptocurrency businesses while cracking down on stablecoins. (Photo: PixabayEurope unveils plans to regulate cryptocurrencies. It’s good news and bad news
While the proposed measures will make it easier for crypto companies to operate across the EU, global stablecoin issuers are going to face ‘stringent requirements’
Under the new rules, a fintech company that obtains a license to operate in one EU nation will be able to provide services in the trading bloc’s 26 other member states automatically.
-
Facebook CEO mark Zuckerberg's Libra stablecoin project is taking yet more heat from EU ministers (Photo: Wikimedia Commons/Anthony Quintano)EU leaders to Libra: Follow tough rules or face ban
In new proposals, some of Europe’s biggest economies want Facebook’s stablecoin project to be based in the EU and not in Switzerland… or else
Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.
-
EU scrambles coronavirus blockchain taskforce
The European Union-founded International Association for Trusted Blockchain Applications seeks to speed the solution to ‘a humanitarian crisis of cruel proportions’
A new European Union taskforce has been scrambled to quickly activate blockchain solutions that tackle challenges associated with the coronavirus pandemic.
