The Libra Association would not quite deny reports that digital payment service PayPal is withdrawing from the group, designed to oversee Facebook’s highly controversial, proposed cryptocurrency.
From privacy regulators to Walmart, Facebook’s Libra faces growing threats
The US, EU, Canada, and Australia demand data protection guarantees; Walmart patents its own cryptocurrency
In a joint statement on August 6, data protection regulators from the United States, United Kingdom, European Union, Canada, and Australia came head-on, issuing a joint statement slamming the Libra project and Facebook for failing to address the fledgling cryptocurrency’s privacy risks.
SEC’s long-awaited ICO guidance didn’t change anything, says Wall Street Blockchain Alliance’s Joshua Klayman
Crypto investors who thought the agency’s plain English guidance would suddenly free them from securities laws were unrealistic
The Securities and Exchange Commission’s much heralded “plain English” guidance on what makes an ICO a security wasn’t the good news many people thought it was. That is, wrapped in nicer language, the conclusion reached on May 16 by the Wall Street Blockchain Alliance, which had 11 attorneys and its chairman, Ron Quaranta, studying the document for nearly six weeks.