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International Monetary Fund Chair to Banks: Allow Digital Currencies Space to Develop

Christine Lagarde, the Chair of the International Monetary Fund (IMF) has called for a balanced approach to cryptocurrencies and said that the financial supervisors and central banks should be more open to digital currencies, in an opening statement to the Economic and Monetary Affairs Committee of the European Parliament.The statement

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Fed Chair Says Facebook Needs to Satisfy Regulatory Concerns Regarding Libra

Federal Reserve Chair Jerome Powell said there needs to be broad satisfaction with the way Facebook is handling regulatory concerns regarding its forthcoming stablecoin Libra. Powell gave his comments in a hearing before the House Financial Services Committee on July 10.Rep. Steve Stivers asked Powell during the meeting, “if

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Chair of House Financial Services Committee Requests Halt on Facebook’s Crypto Project

Rep. Maxine Waters, chairwoman of the United States House of Representatives’ Financial Services Committee is requesting that Facebook halt development on its cryptocurrency, the Libra, as reported by CNN Tech Reporter Brian Fung in a series of tweets June 18.In her statement, Rep. Waters explained:“Given the company’s troubled past,

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Former CFTC Chair Gary Gensler Says Crypto Market Needs Regulation in Order to Grow

Former chairman of the Commodity Futures Trading Commission (CFTC) Gary Gensler said that the cryptocurrency market needs regulation in order to grow, because consumers must be protected. Gensler shared his views with Cointelegraph at the Business of Blockchain event at the Massachusetts Institute of Technology on May 2.Speaking about

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US CFTC Chair Says Interest in Crypto Could Bring About More Clearinghouses

The United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo said that the "explosion in interest" in cryptocurrencies will likely lead to new applications for clearinghouses. Giancarlo delivered his comments in a speech published on May 1.In his testimony to the House of Representatives Committee on Agriculture Subcommittee

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US CFTC Chair Says Agency Has Resisted Calls to Suppress Development of Crypto Sector

United States Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has emphasized the agency’s commitment is to monitor, but not impede, the development of the crypto asset sector.Giancarlo made his remarks during a speech devoted to EU-U.S. regulatory cooperation for derivatives markets, delivered at the Eurofi Financial Forum

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European Regulatory Chair Supports New Digital Asset Regulations

The chairman of the European Securities and Markets Authority (ESMA) — the European Union-level financial markets supervisor — has said that he supports further regulations on digital assets, political news outlet Roll Call reported on Feb. 27.Delivering his speech at the FinTech Conference 2019 earlier this week in Brussels, Belgium,

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Fed Chair Concerned About $22 Trillion US Debt, is Bitcoin a Viable Alternative?

The US national debt now stands at $21.974 trillion, a 10% increase since President Donald Trump took over the oval office. And according to Jake Chervinsky, bitcoin is just the needle people need to pop the debt bubble.Fed Chair Jerome Powell, talking about the $22 trillion US debt:"I'm very worried

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