WASHINGTON: The head of the U.S. Securities and Exchange Commission repeatedly refused to tell a congressional panel on Tuesday whether or not Facebook's Libra would be regulated as a security under his watch.
The Swiss-based Libra Association, a non-profit organization comprising Facebook and 27 other members, announced in June that it plans to launch and oversee Libra, a digital currency backed by a reserve of currencies, in 2020.France and Germany have pledged to block Libra from operating in Europe and back developing a public cryptocurrency instead.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall Street opens lower as US-China trade optimism fades[NEW YORK] US stocks opened lower on Monday as investors fretted over progress in Sino-US trade talks and waited for a slew of reports to gauge the health of the domestic economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US SEC charges Nissan, ex-CEO Ghosn with hiding US$140 million from investorsUS securities regulators on Monday charged Japanese automaker Nissan and its former CEO Carlos Ghosn with hiding more than US$140 million in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US stock futures gain on better trade tone, oil climbsWall Street stock futures edged up in early trade on Monday, setting an upbeat tone for Asian markets on hopes of an interim Sino-U.S. tariff deal ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Downton Abbey reigns over Ad Astra and Rambo: Last Blood at US box officeThe royal period drama also received an A CinemaScore, the highest grade among the weekend's new offerings.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Geo Energy acquires majority stake in 2 Indonesia coal mines for US$25mCOAL producer Geo Energy Resources has acquired a majority stake in two South Sumatra coal mines for US$25 million. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian shares firmer on improved Sino-US trade tone, oil up 1per centAsian shares started higher on Monday on hopes of an interim Sino-U.S. tariff deal after the two countries described their talks as 'productive' ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »