• Levey to lead Libra
    Stuart Levey's goal as CEO of the Libra Association is to calm its critics (Photo: Libra Association)
    Cryptocurrencies,  People,  Politics

    Stuart Levey to lead Libra Association, comfort critics

    A top HSBC executive and Treasury Department official in charge of financial crimes and sanctions, a big part of the new CEO’s role is to reassure central bankers, regulators, and elected officials

    May 6, 2020 /

    By hiring Stuart Levey the Facebook-founded Libra Association is announcing that compliance—with central bankers, financial regulators, tax authorities, and criminal and intelligence investigators—will be a prime driver as it moves forward.

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  • Embattled Libra Association
    David Marcus says he is "excited with the progress of the new Libra." (Photo: Flickr/AdamTinworth)
    Cryptocurrencies,  Politics

    Embattled Libra Association’s radical overhaul

    With a rewritten white paper and a ‘watered-down’ concept, Facebook’s controversial Libra stablecoin project is hoping to succeed in wooing regulators the second time round

    April 17, 2020 /

    After receiving a fierce and unequivocal pushback from regulators worldwide, an embattled Libra Association now plans to offer digitized versions of single currencies—paving the way for a Libra dollar (LibraUSD), Libra euro (LibraEUR), and Libra pound (LibraGBP) in addition to the Libra payment token (≋LBR).

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  • finma cryptorcurrency regulation
    FINMA looks to adopt new policies set forth by the FATF (Photo: provided)
    Regulation

    Swiss regulator calls for stricter crypto reporting rules

    Switzerland’s financial watchdog wants to lower the transaction reporting threshold for cryptocurrency exchanges from $5,000 to $1,000

    February 10, 2020 /

    The Swiss Financial Market Supervisory Authority, or FINMA, said Friday that it will propose an ordinance for stricter anti-money laundering laws for cryptocurrency businesses. The proposal calls for reducing the threshold for reporting cryptocurrency transactions from the current limit of 5,000 Swiss Francs (roughly $5,120) to 1,000 Swiss francs (roughly $1,025).

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