SEC Chief: You’re ‘Sorely Mistaken’ if You Think Bitcoin’s All Grown Up

U.S. Securities and Exchange Chairman Jay Clayton just delivered a rebuke to cryptocurrency backers, alleging that Bitcoin is unlikely to trade on a major US exchange until it’s much better regulated. Crypto’s Not Ready for Prime-Time The chairman of the independent agency of the United States federal government stated in his opening speech at Delivering…

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Facebook Was Wooing Regulators Before Controversial Libra Reveal

Facebook sat down with the United Kingdom’s finance ministry, the central bank, and other regulatory officials in what was presumably a pre-emptive move to win favor before announcing its own self-titled cryptocurrency, Libra. This new revelation comes from Reuters, which received the details from freedom of information requests and claims that the responses illustrate an…

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Asian Stocks Mixed as Bank of Japan Hints at New Stimulus Measures in October

Stocks in the Asia Pacific region diverged on Thursday, as investors assessed the Bank of Japan’s (BOJ) latest policy decision, which maintained the status quo on a long-running stimulus program designed to boost growth and inflation. Asian Stock Markets Diverge Japanese stocks were the clear-cut winners on Thursday, as investors dissected new developments around monetary…

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