OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Libra will probably have little impact in Sweden
Libra may become an alternative for certain cross-border payments, but will probably not be used for payments in Sweden to any great extent. These are some of the conclusions drawn in an Economic Commentary published…
Zuckerberg Faces Bi-Partisan Grilling on Capitol Hill Regarding…
The House Financial Services Committee held a hearing entitled “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors". The hearing had only one witness, Mark Zuckerberg, Chairman and Chief Executive Officer…
Yves Mersch: Money and private currencies – reflections…
In 1787, during the debates on adopting the US Constitution, James Madison stated that "[t]he circulation of confidence is better than the circulation of money". It's telling that Madison chose to use public trust in…
Lael Brainard: Delivering fast payments for all
It is a pleasure to be here in Kansas City with Federal Reserve Bank President Esther George to talk about the future of America's payment system.1 Our payment system is a vital part of America's…
Facebook’s New Digital Currency, the Libra, Continued to…
The US Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing entitled, “Examining Regulatory Frameworks for Digital Currencies and Blockchain.” A good portion of the hearing…
Crypto Demand Driven by Facebook’s Libra and G20…
[caption id="attachment_328249" align="alignleft" width="212"] CMC Markets[/caption] CMC Markets has announced an increase in client demand for cryptocurrencies as clients look to gain exposure using derivatives especially since mid-May 2019. The trend may be driven by…
eToro Launches Trading Portfolio to Ride Facebook’s Libra…
eToro has launched its latest portfolio, which offers investors the opportunity to take a stake ($2,000 minimum) in the companies involved in Facebook’s Libra project. Comprising of the 13 publicly-traded companies involved in the Libra…
Democrats on the House Financial Services Committee are…
The Democrats led by Maxine Waters, a Democrat from the State of California who chairs the committee, sent the letter to Facebook Chief Executive Officer Mark Zuckerberg on July 2. “We write to request that…