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Since Facebook announced plans last month for its own cryptocurrency called Libra, it has ruffled feathers and sparked fears among governments all over the globe.
TOKYO (Reuters) - Japanese authorities have set up a working group to discuss the impact Facebook’s proposed Libra digital coin could have on monetary policy and financial regulation, government sources said, ahead of a G7 finance leaders’ gathering where the topic will be high on the agenda.
A special meeting of the Vienna-based International Atomic Energy Agency Board of Governors wrapped up Wednesday with no formal action on Iran's two recent violations of the 2015 nuclear agreement, known as the JCPOA. The meeting let both the U.S.
A fugitive luxury jeweler, who was initially dropped from the U.K.’s high-profile Tabernula insider-trading case because he was too ill, was convicted of laundering the proceeds of the scheme with the help of offshore companies and false invoices, the financial regulator said.
A Spanish effort to prosecute a gang that used Bitcoin automated cash machines suspected of being a front for illegal-drug payments has exposed a hole in European anti-money-laundering controls, law-enforcement authorities in the country said.
LONDON (Reuters) - Facebook’s (FB.O) proposed Libra digital coin must show it is “rock solid” before it can be allowed to launch, Bank of England Governor Mark Carney said on Thursday.
BRUSSELS — The European Union is preparing an overhaul of its listing of countries that pose money-laundering risks, an EU confidential document shows, a review that could allow Saudi Arabia to be moved to a new gray list after having been briefly blacklisted.
The sprawling, multibillion-dollar Malaysian development fraud scandal that has toppled a prime minister and stretched from Hollywood to Wall Street is threatening to implicate another major global financial institution: Deutsche Bank AG DB +0.52% .
The National Investigation Agency (NIA) on Wednesday attached the property belonging to Kashmiri separatist leader Asiya Andrabi here for allegedly supporting terror activities.
According to the officials, there is no search being carried out.
Facebook is facing a growing chorus of doubts about its new Libra cryptocurrency project from authorities around the world, ahead of two congressional hearings on the initiative next week.
On Wednesday, the chair of the Federal Reserve, Jerome Powell, said Libra raised a host of “serious concerns” around “money laundering, consumer protection and financial stability.”