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Facebook Libra Brings 'Risks and Opportunities': Swiss Watchdog Chief

FINMA's director has spoken out about the risks of working with a major project like Facebook's Libra, and said there are also potential benefits.

Mark Branson via FINMA

Markets

Facebook Libra Is Seeking to Register as a Payment System in Switzerland

The non-profit set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.

Facebook Libra

Markets

Facebook Libra, Other Cryptos Must Comply With US Rules: Treasury Official

Facebook's Libra and other cryptocurrencies operating in the U.S. must meet regulatory requirements to tackle financial crimes, the official said.

Sigal Mandelkar, US Treasury

Markets

ECB's Mersch Warns Over 'Treacherous Promises' of Facebook Libra

Yves Mersch has warned of the threat posed by Facebook's Libra to monetary policy and consumers in the EU.

The ECB flags in front of the building. (Shutterstock)

Markets

Facebook Libra Already Facing an EU Antitrust Probe: Report

Facebook is reportedly already under investigation by the EU over antitrust issues related to its Libra cryptocurrency project.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Markets

US Lawmakers to Discuss Facebook Libra on Swiss Visit: Report

Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week.

maxine_waters_facebook_hearing

Markets

Man Offering Hacking Services for Bitcoin Gets 20-Month Jail Sentence

A British man has been handed jail time and ordered to forfeit over £400,000 ($487,000) for offering hacking services and stolen data for crypto.

UK police

Markets

UK Advertising Watchdog Upholds Complaints Against BitMEX Bitcoin Promotion

The U.K. Advertising Standards Authority has upheld complaints over a "misleading" bitcoin ad placed by crypto derivatives exchange BitMEX.

Arthur Hayes, former CEO of BitMEX (CoinDesk)

Markets

Coinbase UK Dropping Support for Cryptocurrency Zcash

The U.K. arm of Coinbase appears to be dropping support for the privacy-focused cryptocurrency zcash.

Zooko Wilcox, CEO of the Electric Coin Company (Credit: CoinDesk archives)

Markets

Investment App Robinhood Wins License to Operate in UK

Robinhood, a stocks, ETFs and crypto investment app, has been given the green light to operate as a broker by a U.K. regulator.

Robinhood