Facebook Inc is in talks with the U.S. derivatives regulator, the Commodity Futu...
FILE PHOTO: Attendees walk past a Facebook logo during Facebook Inc's F8 developers conference in San Jose, California, U.S., April 30, 2019. REUTERS/Stephen Lam/File Photo
- Facebook Inc is in talks with the U.S. derivatives regulator, the Commodity Futures Trading Commission , over the social media company’s plans for a digital currency, the Financial Times reported on Sunday. The regulator is in the early stages of talks with Facebook in an effort to understand whether the company’s plans for digital coin would fall under the CFTC’s scope, the FT reported, citing Christopher Giancarlo, the head of the CFTC.
In May, Facebook set up a financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing.Reporting by Ishita Chigilli Palli in Bengaluru; Editing by Peter Cooney
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PM candidate Hancock says no-deal Brexit is not an option - FTMatt Hancock, one of the Conservative candidates vying for Prime Minister Theres...
Read more »
China says U.S. not in position to make judgment on other countries' currenciesChina hopes that the United States will not conduct unilateral assessments of ot...
Read more »
Iran's Rouhani suggests U.S. talks possible if sanctions liftedIranian President Hassan Rouhani signaled on Wednesday that talks with the Unite...
Read more »
Breakingviews - U.S. watchdog should throw down Facebook gauntlet(Reuters Breakingviews) - The U.S. Federal Trade Commission may want to play its...
Read more »
Israel open to U.S.-mediated talks with Lebanon on sea borderIsrael voiced openness on Monday to U.S.-mediated talks with Lebanon on resolvin...
Read more »
China says disputes with U.S. should be resolved via talksChina's Foreign Ministry said on Monday that any disputes between China and...
Read more »
Ball in U.S. court to start trade talks: EU trade chiefEU-U.S. talks that could prevent the United States imposing punitive car tariffs...
Read more »
Trump pushes off war talk on Iran, says ‘regime change’ is not U.S. goalDuring a news conference in Tokyo, Trump made the case that Iran and North Korea both show “tremendous” economic potential that could be realized if they give up their nuclear weapons.
Read more »
China to issue white paper on trade talks with U.S. on SundayThe information office of China's State Council, or cabinet, said it would ...
Read more »
China to issue white paper on trade talks with U.S. on SundayThe information office of China's State Council, or cabinet, said it would ...
Read more »
China says U.S. ‘solely to blame’ for collapse of trade talksChinese Vice Minister of Commerce Wang Shouwen said the U.S. was being “irresponsible” in accusing Beijing of backtracking on its promises
Read more »