Facebook May Discuss GlobalCoin With CFTC

CFTC wants to understand whether GlobalCoin falls under its regulation
03 June 2019   351

Operator of the world's largest social network Facebook Inc. held talks with the US Commodity Futures Trading Commission (CFTC). The main theme was a stablecoin called GlobalCoin, reports the Financial Times, citing the head of department, Christopher Giancarlo.

The discussion is in the early stage. CFTC intends to find out whether GlobalCoin falls under its regulation. The agency expressed a desire to better understand the nature of stablecoin, says the publication.

Earlier, the media reported that Facebook is already in talks with representatives of the US Treasury and Bank of England governor Mark Carney, as well as with Western Union, Visa and Mastercard regarding the initiative, code-named Libra.

At the beginning of May, The Wall Street Journal announced the development of Libra, a new payment network based on a steylcoin secured by a basket of fiat currencies.

At the moment, CFTC is allegedly not sure whether GlobalCoin falls under their regulation, however, they believe that if stablecoin is pegged to the US dollar, then derivatives may not be needed.

On May 2, Facebook registered Libra Networks in Geneva, Switzerland. It profile involves the development of infrastructure and software, in particular, related to investment activities, payment transactions, financing, identity management, data analysis, Big Data, blockchain and other technologies.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   230

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.


Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!