CME’s Bitcoin Index Provider Wins First Crypto Benchmark License in EU

CF Benchmarks has become the first cryptocurrency index provider to be recognized as a Benchmark Administrator under the European Benchmarks Regulation (EU BMR). The U.K.’s Financial Conduct Authority (FCA) authorized CF Benchmarks as an administrator on Friday, affirming that financial institutions can use the company’s indices in any European financial products after the BMR takes […]

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Facebook Libra Brings ‘Risks and Opportunities’: Swiss Watchdog Chief

The head of the Swiss financial markets watchdog has spoken out on the perceived pressure for the nation arising from Facebook’s Libra cryptocurrency project being based in Geneva, as well as the potential opportunities cryptocurrency tech brings. In an interview with the Neue Zuercher Zeitung newspaper, Mark Branson, director of the Financial Market Authority (FINMA), said that […]

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Facebook Libra Already Facing an EU Antitrust Probe: Report

Facebook is reportedly already under investigation by the EU over antitrust issues related to its Libra cryptocurrency project. A document seen by Bloomberg indicates that the European Commission is “currently investigating potential anti-competitive behavior” by the Libra Association. The report describes the document as a questionnaire suggesting the commission is concerned that Facebook’s planned digital payment system could unfairly […]

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