ECB’s Coeure says ‘stablecoins’ pose risks amid resistance to Facebook’s Libra
A new breed of asset-backed cryptocurrencies such as Facebook’s Libra are untested and pose serious risks, the European Central Bank’s Benoit Coeure said on Monday,...
Stablecoins harbor big risks, tough rules needed: Coeure
Stablecoins such as Facebook’s planned Libra are untested and pose serious risks, the European Central Bank’s Benoit Coeure said on Monday, pledging a tough regulatory...
Apple takes fight against 13-billion-euro EU tax order to court
Apple will launch a legal challenge on Tuesday to a European Commission order to pay 13 billion euros ($14.4 billion) in Irish back taxes in...
Start-ups to grab $280 billion in banking payments revenues by 2025, study says
Banks are set to miss out on as much as $280 billion in revenue from their payments operations by 2025, as new start-ups muscle in...
EU to pursue web tax plan alone if no global accord: Gentiloni
The European Union plans to introduce a tax on digital services even in the absence of a global accord on a so-called ‘web tax’, the...
Global regulators to question Facebook’s Libra amid EU concerns: paper
Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to...
Disney CEO Bob Iger resigns from Apple board as TV battle looms
Apple Inc said on Friday Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company’s board of directors on Sept. 10 as...
Apple, Facebook, Amazon, Google emails demanded in U.S. House panel probe
A U.S. House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from top executives of Amazon.com Inc. ,...
Factbox: Facebook’s cryptocurrency Libra and digital wallet Calibra
Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the...
France, Germany blast Facebook’s Libra, back public cryptocurrency
France and Germany said on Friday that Facebook’s Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed...