“Keep Big Tech out of Finance” Act Surfaces, after Donald Trump Tweets on Bitcoin and Libra

A drafted bill entitled “Keep Big Tech out of Finance” dated July 21,  has surfaced online, allegedly deriving from within the United States House of Representatives Financial Services Committee.     The bill’s provenance is unconfirmed, but crypto news site, The Block, quotes an inside source as saying it is with the Financial Services Committee.   The document reads:  A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or…

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TRUMP TWEETS – Hits out at Bitcoin, Cryptocurrency and Facebooks Libra – Industry Reacts

Donald Trump has hit out at bitcoin, cryptocurrencies in general, and of course, Facebook’s Libra, tweeting he is not a fan.     Following the tweets, Danish business tycoon Lars Seier Christensen of Concordium, and Dave Hodgson, Director and Co-founder of NEM Ventures, have provided their thoughts on Trump’s latest tweetstorm.        Firstly, let us hear from Lars Seier Christensen, Chairman of Concordium, the world’s first I.d. K.Y.C. ready business blockchain network.  He said:  I tend to agree with the President on the aspect of cryptocurrencies in isolation. They…

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Polish Central Bank Secretly Funds Anti-Crypto “FUD”

Polish Central Bank Secretly Funds Anti-Crypto “FUD”…What next?   According to a report on Cointelegraph, the Central Bank of Poland has admitted to funding anti-cryptocurrency campaigns on social media, specifically Polish Youtuber Marcin Dubiel and his Dec. 2017 video, “I LOST ALL THE MONEY?!”   The social media campaign against crypto was carried out by Central Bank of Poland in conjunction Google Ireland Limited, and Facebook Ireland Limited and cost about $ 27,000.00   Full story: –  Polish Central Bank secretly funds anti-crypto YouTube Propaganda Videos   The story above…

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Stripe draws a line through Bitcoin

  Payment processor stripe announced on Tuesday that it will end support for bitcoin as a payment method in April.     Product manager Tom Karlo writes in a blog post:   “Our hope was that Bitcoin could become a universal, decentralized substrate for online transactions and help our customers enable buyers in places that had less credit card penetration or use cases where credit card fees were prohibitive. Over the past year or two, as block size limits have been reached, Bitcoin has evolved to become better-suited to being…

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