Since the creation of bitcoin in 2008. Facebooks project has generated renewed interest in Digital Currencies, including how they react with u. S. And International Regulatory frameworks, the potential benefits and challenges they pose, and concerns around issues like antiMoney Laundering and counterterrorism efforts, including data privacy, Consumer Protections, commerce, and Monetary Policy. A few weeks ago, the head of the program joined the committee to provide an update on facebooks proposed Digital Currency. Somearcus emphasized important points and commitments. There are a number of regulators globally engaged on the facebook project. They will have the highest standards when it comes to data privacy and no Financial Data or account data that is collected will be shared with facebook. It will be headquartered in geneva switzerland, but will and haveistered oversight from u. S. Regulators. Though it may have begun this conversation, the block chain and cryptocurrency system is di
Morning. Be sure to watch thursday morning following the second night of the democratic president ial candidates debate of the 2020 race. Next, the Senate Banking hearing on regulating Digital Currency with tech and financial industry officials. This is one hour and 20 minutes. Sen. Crapo this hearing will come to order. Last congress, this Committee Held two hearings examining the Digital Currency ecosystem. In those hearings, we heard about some of the developments that have occurred within the Digital Currency marketplace since the creation of bitcoin in 2008. Facebooks project has generated renewed interest in Digital Currencies, including how they react with u. S. And International Regulatory frameworks, the potential benefits and challenges they pose, and concerns around issues like antiMoney Laundering and counterterrorism efforts, including data privacy, Consumer Protections, commerce, and Monetary Policy. A few weeks ago, the head of the program joined the committee to provide
A few four-letter acronyms are often heard in the crypto-asset industry these days: FATF, MiCA, DORA and ESMA to name a few. At bitFlyer, we view regulation as a strategic partner to business. Here, we discuss what that strategic partnership looks like going forward.
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