EU Official: We Can’t Regulate Libra Without More Details

The indecisiveness stems from a lack of actionable information. Specifically, Libra “lacks detail,” according to Dombrovskis. Despite repeatedly asking the Facebook-launched Libra Association for information about its payments ecosystem and eponymous stablecoin, the Commission – the EU’s executive branch – has yet…

Trump administration to release new FinCEN requirements for cryptos, Mnuchin tells Congress

U.S. Treasury Secretary Steven Mnuchin told Congress on Wednesday that the U.S. Financial Crimes Enforcement Network (FinCEN) is set to release new requirements related to cryptocurrencies. Mnuchin offered few details on the move when speaking before the Senate Finance Committee.…