Finance News
By Maheen Hernandez
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Russia has remained calm about Facebook’s cryptocurrency. Facebook has been criticized a lot concerning their cryptocurrency initiative by consumer groups, financial…
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David Marcus clarified a few things concerning Libra. Marcus will be testifying before the US Senate Banking Committee and the House Financial Services Committee over the…
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The most pressing of the concerns were related to money laundering and reserve defaults. While the major powers have been perturbed, Russia does not seem disturbed in anyway…
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Alexei Moiseev, stated, “No one is going to ban it.” The statement made by the Russian Deputy Finance Minister made it appear like Russia will be treating Libra like a…
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However, Russia is not the target market for Libra. However, regulators are concerned about potential misuse considering the past use of Bitcoin by the Russian Security…
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It has been confirmed by intelligence agents in the Russian Military Intelligence Service that Bitcoin has been used in the finance operations which are related to the 2016…
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Alexander Vinnik is suspected to have laundered billions of dollars via BTC-e, the cryptocurrency exchange which is in turn linked to Bitcoin usage.
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Libra might not face the volatility of Bitcoin as it is pegged to the USD and Euro. The price certainty and the lack of requirements of identification are considered to be…
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It is going to be very difficult for any government to exert its control over Libra. Anders Aslund at the Atlantic Council stated that both Bitcoin and Libra should be…
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Katharina Pistor stated, it will be difficult for authorities to infiltrate the network. She was as well concerned about how there is a scarcity of safe assets.
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