Skip to main content

Libra Cryptocurrency Project Analysis

 


Examine Current Regulatory Challenges / Libra 1.0 and its Ecosystem / Response to Date from Global Regulators / Libra 2.0 and The Road Ahead


Dublin, Oct. 01, 2020 (GLOBE NEWSWIRE) -- The "An Analysis of the Libra Cryptocurrency Project from a Regulatory Perspective" report has been added to ResearchAndMarkets.com's offering.

The announcement by Facebook in June 2019 regarding the proposed launch of their cryptocurrency Libra has triggered reactions from across the globe. 

Whilst the concept of a virtual currency available over a blockchain wasn't new, the fact that this was being fronted by Facebook made this a completely different ball game.

With close to 2.5 billion users worldwide, it was clear that Facebook's ambition was to create globally dominant currency, expanding financial services and the associated benefits to corners of the world where they don't currently exist.

Inevitably, the announcement also generated a considerable amount of nervousness and backlash from central banks and regulators worldwide, the sense being that Libra could destabilise monetary policy and introduce multiple regulatory headaches such as un-detectable money laundering. This was in addition to the already existing data privacy concerns faced by Facebook.

What the Report Offers:

The report is intended to provide insights into what the entry of Libra might mean for the industry, particularly from a regulatory perspective. The report leverages observations from the wider cryptoassets market to develop insights into what is still a rather complex and unregulated area of financial services.

The report analyses the responses from various parts of the world, and also how Facebook has responded since the initial announcement back in June 2019. The report is beneficial to cryptoassets market participants, consumers, regulators as well as any other interested parties such as academic institutions, think-tanks, and consultancies

Key Areas Explored in the Report:

  • Cryptocurrencies: Current regulatory challenges
  • Understanding Libra 1.0 and its Ecosystem
  • Analysis of response to date from global regulators
  • Libra 2.0 and The Road Ahead

Key Topics Covered:

Executive Summary

1. Cryptocurrencies: Current Regulatory Challenges

  • Brief Introduction to Cryptocurrencies and Blockchain
  • Monetary Policy and Cryptocurrencies: An Uncomfortable Relationship or an Impossible One?
  • Anti-Money Laundering Made Tricky

2. Understanding Libra 1.0 and its Eco-System

  • The Libra Mission - June 2019
  • What Libra was and wasn't - a Bitcoin comparison
  • The Libra Project June 2019 - March 2020

3. The Initial Response from Global Regulators

  • A Global StableCoin or a Destabilising Currency? The G-20 FSB's Reaction
  • Initial Response from the UK and European Regulators - Scepticism but with An Open Mind
  • Response from the USA, Asia, and Africa

4. Libra 2.0 and The Road Ahead

  • Changes from Libra 1.0
  • Challenges and Uncertainties Regarding the Proposed Changes
  • Summary

Sources

Companies Mentioned

  • Bank of England
  • European Central Bank
  • FCA
  • Facebook
  • G20
  • Libra Association
  • Mastercard
  • Moodys
  • Paypal
  • SEC
  • The Federal Reserve Bank
  • Visa

For more information about this report visit https://www.researchandmarkets.com/r/camtjs

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Source: globenewswire.com


Comments

Post a Comment

Contact us

Name

Email *

Message *

Popular posts from this blog

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry.  The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling.  Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...
Post a Comment
Read more

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

  Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move  does not seem to be going over well  with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a  FAQ provided by Coinbase , for Canadian users, ...
Post a Comment
Read more

Farm GRASS earn MONEY

  Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets.  One such groundbreaking avenue involves earning money by selling your unused internet connection.  By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks.  It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen.  The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How ...
Post a Comment
Read more