Since announcing its Project Libra cryptocurrency plans, Facebook has experienced a growing amount of resistance from policymakers around the globe. Recent data from messaging app Viber indicates that consumers may not be too excited about the prospect of a Facebook digital currency either, with 49% of respondents in the United States and UK reporting a lack of trust in the company’s planned cryptocurrency.
The United States Commodity Futures Trading Commission has been investigating the BitMEX cryptocurrency exchange for several months, Bloomberg reported Friday. According to the media outlet’s unnamed sources, the regulatory agency has been trying to determine whether the exchange violated rules that prevent Americans from trading on its platform:
U.S Representative Patrick McHenry (R-NC) told his fellow lawmakers this week that innovations like cryptocurrency are why the United States has such a vibrant economy. McHenry’s remarks came during a hearing on July 17, in which the Congressman referred to the innovative technology as an “unstoppable force.”
Japanese officials reportedly want to develop an international payment system for digital currencies that would be similar to the global SWIFT network currently used by the world’s financial institutions, Reuters reported on Thursday.
French regulators are getting closer to approving the first group of cryptocurrency companies in accordance with new rules slated to go into effect in late July, Reuters reported on Tuesday. Those new rules will provide regulatory approval for digital asset companies that voluntarily comply with the country’s standards for consumer protections, capital requirements, and payment of French taxes.