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The head of Venezuela’s cryptocurrency initiative, the petro, is wanted by the U.S government on charges of corruption and links to the narcotics trade. Immigration and Customs Enforcement (ICE) added Joselit Ramirez Camacho to its Most Wanted List on Monday, accusing him of a number of violations related to international commerce and his alleged involvement in the international drug trafficking...
Facebook can benefit from Libra, if its users tap the payments project to buy goods off the social media giant’s marketplaces, CEO Mark Zuckerberg said. Speaking during an annual shareholder meeting Wednesday, Zuckerberg said Facebook’s commerce work, including Libra, should be viewed through the lens of its ads business, according to a transcript posted by Thomson Reuters. The company treats...
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U.S. President Donald Trump signed an executive order Thursday, seeking to amend Section 230 of the Communications Decency Act. Section 230 prevents social media companies from civil liability for the content posted on them. The order targets Twitter and Facebook after Twitter fact-checked two of the President’s tweets. The text emphasizes Trump’s “commitment to free and open debate on the...
Goldman Sachs held an investor call Wednesday to discuss current policies for bitcoin, gold and inflation in the context of the COVID-19 crisis. The big takeaway? The stalwart investment bank is still no fan of bitcoin or other cryptocurrencies. A slideshow released before the call cited hacks and other losses related to cryptocurrencies as well as their use to “abet...
NPC, China’s parliament suggests a government backed blockchain development fund to build a better governance system. National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. These are widely referred to as the "Two Sessions" or "lianghui" meetings. These meetings have been ongoing since...
A U.S. lawmaker wants the federal government to begin considering a national blockchain strategy. On Tuesday, U.S. House Rep. Brett Guthrie (R-KY) introduced a bill calling on the Federal Trade Commission (FTC) to survey the prevalence of blockchain technologies across industry, government and the globe. CoinDesk obtained a draft version of the bill, HB6938, which is shared in full below....
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Crypto.com said Friday it has begun shipping its crypto-to-fiat card, the MCO Visa, across the European Union. In total, 31 European countries, including the EU’s 27 member states, now have access to the card that lets users pay in crypto, it said in a blog post. The Hong Kong company received approval to bring the program to the European market...
Officials from the People’s Bank of China push to accelerate adoption of the country’s Fintech Development Plan. The People’s Bank of China, or PBoC, Financial Technology Committee held its first meeting of the year this week. During the meeting, the central bank’s deputy governor, Fan Yifei, urged that the country’s blockchain adoption strategy be accelerated. According to a report released...
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