Two Senate democrats are pursuing and urging three payment processing giant companies to back away from participating in the project of Cryptocurrency pound currency. The project which is based on the Cryptocurrency is backed by Facebook and a coalition of other groups. In a letter written by Senator Sherrod Brown hailing from Ohio and senator Brain Schatz of Hawaii to the payment majors expressed their concern regarding the pound currency and its volatility it carries with it. According to the article, are pressing the three giants of payment to examine more closely the implications of regulatory Pound. The latest message from the senators says: Facebook is currently struggling to address massive problems, such as violations of privacy, misinformation, interference in elections, discrimination and fraud, and has not demonstrated the ability to control these failures.
Image Source: www.investopedia.com
The Bank of England has finalized a set of principles that the project of the Criptomoneda Pound led by Facebook should take before embarking in the United Kingdom. The call to the payment network a payment system potentially systemically important, the Financial Policy Committee of the BoE published the report of Financial Policy and Summary of October this week. The Association of Libra and the corresponding reservation of various currencies trust that sustain the network are of paramount importance continue to a more detailed document. The participants of the network, the exchanges that list the Pound currency and wallets are compatible with Libra will also be subject to close scrutiny.
Image Source: www.binance.com
Binance yesterday launched its service negotiation P2P, but at the time did not report the inclusion of WeChat Pay, and AliPay for China. It’s CEO, CZ, as confirmed on Twitter. In an announcement posted on the 9th of October, the exchange revealed that the service will initially be available for Android users that already have accounts of Binance registered for at least 30 days. Despite the ban of crypto in China, the citizens still have hunger of digital assets and the companies around the world are looking for ways to facilitate the trade for the growing population.
Source: Currency Market
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