Bitcoin Falls; U.S. Treasury Says Libra Must Comply with AML Standards By Investing.com


© Reuters.

Investing.com – and other major cryptocurreny prices fell on Wednesday in Asia.

lost 2.5% to $10,047.2 by 1:20 AM ET (05:20 GMT). The digital coin continued to linger around the key $10,000 level as there was little market-moving news lately to trigger a meaningful move in either direction.

declined 1.5% to $179.81, traded 1.9% lower to $0.25678, while dropped 1.5% to $70.577.

Sigal Mandelker, U.S. Treasury Under Secretary of Terrorism and Financial Intelligence, said Facebook’s Libra must meet the highest Anti-Money Laundering (AML) and terrorism financing standards.

Mandelker told reporters in Geneva on Tuesday that all crypocurrencies, including Facebook’s new proposed coin, must comply with local regulatory standards.

Libra has been under scrutiny from global regulators for the past few months since Facebook (NASDAQ:) in June revealed the plan to launch the coin next year.

The company is reportedly under investigation by the European Union over antitrust issues related to Libra, reports in August said. Lawmakers in the U.S. have also called for the Libra project to be stopped until further examinations and discussions have taken place.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Related Posts

Add Comment