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CME to start offering options on bitcoin futures early next year

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NEW YORK (Reuters) – CME Group, the world’s largest futures exchange operator, said on Friday it plans to launch options on its bitcoin futures contracts in the first quarter of 2020, giving traders another way to hedge their risk in the cryptocurrency. CME launched bitcoin futures in December 2017 and has signed up 3,300 individual Read More

Undeterred, Facebook to press on with Libra launch next year: executive

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ZURICH (Reuters) – Facebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company presses ahead despite authorities around the world pouring cold water on the plans. FILE PHOTO: Shadow of a 3D-printed Facebook Libra cryptocurrency logo is seen near cryptocurrency representation in Read More

Germany’s Scholz: We cannot accept parallel currencies such as Facebook’s Libra

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BERLIN (Reuters) – German Finance Minister Olaf Scholz said on Tuesday policymakers could not accept the emergence of parallel currencies such as Facebook’s (FB.O) planned Libra, adding that Berlin would reject any such plans. Facebook’s planned Libra is the most well-known of the stablecoins, a certain form of cryptocurrency backed by assets such as traditional Read More

Facebook’s Libra in regulators’ sights as ECB’s Coeure warns of ‘stablecoin’ risks

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ZURICH/LONDON (Reuters) – Facebook’s (FB.O) attempt to drag cryptocurrencies into the mainstream with its Libra digital coin met with further scepticism on Monday when an ECB board member said such “stablecoins” posed serious risks. FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at Read More

Global regulators to question Facebook’s Libra amid EU concerns: paper

5 days ago DieselGasoil Comments Off on Global regulators to question Facebook’s Libra amid EU concerns: paper
FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic (Reuters) – Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial Read More

France, Germany blast Facebook’s Libra, back public cryptocurrency

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HELSINKI (Reuters) – France and Germany said on Friday that Facebook’s (FB.O) Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency. FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in Read More

France: We can’t allow Facebook’s Libra in Europe

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PARIS (Reuters) – Facebook’s Libra cryptocurrency cannot be allowed to operate in Europe while concerns persist about sovereignty, systemic financial risks and the risk of abuses by a dominant market player, France’s finance minister said on Thursday. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo Read More

France vows to block development of Facebook’s Libra cryptocurrency on European soil

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The French Finance Ministry has deemed Facebook’s Libra digital currency too risky to be authorized for development in Europe. “All these concerns about Libra are serious. I therefore want to say with plenty of clarity: In these conditions we cannot authorize the development of Libra on European soil,” Bruno Le Maire said while speaking at Read More

Facebook’s Libra seeks payment system license from Swiss FINMA

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FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/File Photo ZURICH (Reuters) – The Facebook-led (FB.O) Libra cryptocurrency project is seeking a payment system license under Swiss financial watchdog FINMA, it said on Wednesday, spelling out in more detail how it Read More