The Bank of Englands (BoE) Financial Policy Committee (FPC) has laid down a set of rules that Facebooks Libra and other cryptocurrencies must follow if they are to be launched in Britain. While some question if Facebooks cryptocurrency Libra will ever launch, the BoEs FPC did recognize its potential to becoming an important payment system, City AM reports. These kinds of payment systems would need to demonstrate the systems security and also undergo regulatory supervision, the FPC added. In short, the rules of engagement as the BoE calls them, are nothing out of the ordinary. But it certainly demonstrates that… This story continues at The Next Web

More Stories

CoinDesk: Thursday May 28, 2020

Defying Corona Crash, BlockTower Crypto Fund Stretches 30% Total Return to 73%

As coronavirus shutdowns roiled financial markets, BlockTower Capital more than doubled its cryptocurrency hedge fund's previously so-so returns. Thursday May 28, 2020

Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors

Popular demand for cryptocurrency has prompted Australia's leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio.

Crowdfund Insider: Thursday May 28, 2020

The French Competition Authority has Released a Consultation Paper, Seeking Feedback on Fintech, Blockchain, and Digital Asset Regulations

The French competition authority (ADC) has launched a public consultation on the Fintech industry in the country. The ADC is looking for feedback on the potenti

Crowdfund Insider: Thursday May 28, 2020

German Fintech Firm TIS Secures $20 Million in Capital via Round Led by Aquiline Technology Growth

German Fintech firm TIS (Treasury Intelligence Solutions), which offers a cloud-powered platform for handling cash flows and corporate payments, has acquired $2 Thursday May 28, 2020

Bitcoin Suisse: Users Can Now Trade Gold Against Bitcoin and Ethereum

Swiss firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade them against both bitcoin and ether

Crowdfund Insider: Thursday May 28, 2020

Mumbai based Fintech Home Capital Acquires Seed Funding from Varanium NextGen Fund, Others

Mumbai-based Home Capital, a Fintech firm focused on supporting housing initiatives for younger people, has acquired seed funding via a round led by the Varaniu