The proposed EU crypto market regulation will raise many compliance obstacles for the next Libra-like project seeking to operate in Europe.
Talk of CBDCs and Facebook’s Libra headlined this week’s policy news, as international organizations weigh in on both.
Timothy Lane says the central bank is developing a CBDC at “a good pace.”
“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.”
Would decentralized governance save social media platforms from polarizing its users with its politics?
The Antitrust Subcommittee looks for new legal tools to rein in Apple, Amazon, Facebook and Google — a clear opening for tech tools built to decentralize.
The Thai government and pro-democracy protesters are at war over social media. Authorities blocked local access to a Facebook group that was critical of the monarchy. Young protesters now fear the military government is interfering with Twitter as well.
In the EU, getting laws right on Libra could be the best way to speed up a digital euro from the European Central Bank.
There are multiple ways to approach digital payments, and Facebook wants to cover them all.
Facebook and YouTube are facing a class-action lawsuit alleging anti-competitive behavior in prohibiting crypto advertising in 2018.