23
23
Jul 16, 2019
07/19
by
CSPAN2
tv
eye 23
favorite 0
quote 0
recently as you know there's been a great deal of interest about digital assets including crypto currency such as that claim and libra. there are many regulatory and supervisory question regarding virtual assets and virtual currencies but i will focus narrowly on the concerns the treasury has regarding the growing misuse of the currencies via money launderers, terrorist financiers and other bad players. this week representatives of the project will go to capitol hill to discuss the proposal for a crypto currency. at the treasury department across the u.s. government with the international financial community, there's been a great deal of activity recently related to the regulation and treatment of digital assets in crypto currency. i'd like to give some brief explanatory remarks about what we have been doin been giving bt since there's lots of interest and then i will open up questions. last month the association, a consortium of 28 businesses including a facebook subsidiary announced it is developing a crypto currency. the treasury department has expressed very serious concerns that libr
recently as you know there's been a great deal of interest about digital assets including crypto currency such as that claim and libra. there are many regulatory and supervisory question regarding virtual assets and virtual currencies but i will focus narrowly on the concerns the treasury has regarding the growing misuse of the currencies via money launderers, terrorist financiers and other bad players. this week representatives of the project will go to capitol hill to discuss the proposal for...
53
53
Jul 17, 2019
07/19
by
CSPAN3
tv
eye 53
favorite 0
quote 0
libra is not a crypto currency. i'm not here to talk judgment and i commend altruistic aspirations but they are just that, aspirations. first, it is decentralize meaning no entity or group has the power to block or send through the network. it will have the ability of censored transactions. second, bit coin is its own asset backed by its own scarcity and demand. there is none that hold assets that give bit coin value. libra is backed by assets that are a regulated activity. lastly, bit coin's permission list meaning anyone in any part of the world has the ability to enter and exit the network without requiring permission. the libra network is controlled by a private group who will determine who has permission to access the network. it supports thousands of companies all around the world. libra benefits one entity, facebook. facebook is not a public entity. it's a privately owned for- profit company. libra may represent an exciting opportunity for bit coin but cannot and should not be compared to bit coin. like the i
libra is not a crypto currency. i'm not here to talk judgment and i commend altruistic aspirations but they are just that, aspirations. first, it is decentralize meaning no entity or group has the power to block or send through the network. it will have the ability of censored transactions. second, bit coin is its own asset backed by its own scarcity and demand. there is none that hold assets that give bit coin value. libra is backed by assets that are a regulated activity. lastly, bit coin's...
45
45
Jul 31, 2019
07/19
by
CSPAN3
tv
eye 45
favorite 0
quote 0
do you agree the crypto currencies are leaving the u.s.? >> sure. it's certain that other jurisdictions are sort of out ahead of the united states in trying to become crypto crypto currency hubs. >> do you think they are leaving because they are looking for a safe haven to avoid regulation or is there another reason? >> some are using regulation as a way to attract crypto currencies to their border. >> increased regulations. >> not necessarily increased regulation but clarity over regulation. >> one of the things brought up and has been ref referenced with face back. one of the things that is of concern, i think, with you and others is how do you prevent bad actors that from laundering money that are financing terrorist activities. any idea in that vane ? >> sure. switzerland has money laundering regulations. the financial action task force. >> do you believe those regulations could apply to crypto currency and have them work work? >> i think money laundering continues to be an issue. i think it's a continuing concern. >> is there a way to put a reg
do you agree the crypto currencies are leaving the u.s.? >> sure. it's certain that other jurisdictions are sort of out ahead of the united states in trying to become crypto crypto currency hubs. >> do you think they are leaving because they are looking for a safe haven to avoid regulation or is there another reason? >> some are using regulation as a way to attract crypto currencies to their border. >> increased regulations. >> not necessarily increased regulation...
65
65
Jul 15, 2019
07/19
by
CSPAN2
tv
eye 65
favorite 0
quote 0
regulate the use of the crypto currency and other digital assets including the threat of terrorist groups taking advantage of the system. this is half an hour. including the threat of terrorist groups taking advantage of the system. this is half an hour. good afternoon everybody thank you for being here. 's recently as you know there has been a great deal of interest about industrial assets including crypto currency such as bit going - - a bit going there are other questions regarding virtual assets and currency by will focus primarily on the concern the treasury has with the growing issues of currency like money-laundering terrorist financiers and other bad players. this week representatives from the facebook project will go to capitol hill to discuss the pop policy of crypto currency across the us government the international financial community there has been a great deal of activity recently related to the regulation and the treatment of digital assets with crypto currencies. i would like to give some brief explanatory remarks about what we have been doing on this front since there is
regulate the use of the crypto currency and other digital assets including the threat of terrorist groups taking advantage of the system. this is half an hour. including the threat of terrorist groups taking advantage of the system. this is half an hour. good afternoon everybody thank you for being here. 's recently as you know there has been a great deal of interest about industrial assets including crypto currency such as bit going - - a bit going there are other questions regarding virtual...
104
104
Jul 22, 2019
07/19
by
CSPAN
tv
eye 104
favorite 0
quote 0
libra is not a crypto currency. i'm not here to pass judgment on facebook or its efforts and i commend their altruistic aspirations but they are just that, aspiration. first bitcoin is decentralized which mean nos entity or the group has the power to block or censor the use of the network. second, bitcoin is its own asset, backed by its own scarcity and the demand for it. there is no entity that hold assets that give bitcoin value. libra in contrast is backed by a pool of assets that are domiciled abroad. asset management is a regulated activity. lastly, bitcoin is permissionless, meaning anyone in any part of the world has the ability to enter and exit the network without requiring permission. libra is permissioned. the libra network is controlled by a private group who will determine who has permission to access this network. the bitcoin network supports thousands of companies around the world. libra supports one entity, facebook. facebook is not a public entity. it is a privately owned for profit company. libra s
libra is not a crypto currency. i'm not here to pass judgment on facebook or its efforts and i commend their altruistic aspirations but they are just that, aspiration. first bitcoin is decentralized which mean nos entity or the group has the power to block or censor the use of the network. second, bitcoin is its own asset, backed by its own scarcity and the demand for it. there is no entity that hold assets that give bitcoin value. libra in contrast is backed by a pool of assets that are...
65
65
Jul 5, 2019
07/19
by
BLOOMBERG
tv
eye 65
favorite 0
quote 0
finance -- in crypto finance. >> you said a couple of times the benefits of crypto. one of the benefits of crypto a lot of people would tell you is decentralization, free transactions. being able to buy anything without any middlemen saying you cannot do that. circle has its own stable coin. facebook's is going to be regulated. what is the benefit of a crypto that does not really offer that center to free transactions because it has to go through on some level or interface with existing financial system? jeremy: we look at all of this kind of on a spectrum. our view is that you are going to have mass adoption of nonsovereign, kind of digital assets. bitcoin is the preeminent asset there. the need and desire for those kinds of assets is going to grow, not diminish. you are also going to see growth assets thatble coin are very likely going to have regulatory frameworks around them, but there is a really key difference between stable coins that run on kind of closed loop, permission schemes which is how libra is being proposed today, versus stable coins that can run on
finance -- in crypto finance. >> you said a couple of times the benefits of crypto. one of the benefits of crypto a lot of people would tell you is decentralization, free transactions. being able to buy anything without any middlemen saying you cannot do that. circle has its own stable coin. facebook's is going to be regulated. what is the benefit of a crypto that does not really offer that center to free transactions because it has to go through on some level or interface with existing...
51
51
tv
eye 51
favorite 0
quote 0
currency every crypto has the backbone in chain but oftentimes we can overlook the other important and world changing opportunities afforded by block technologies use cases can range from improving the supply chain helping small businesses in agriculture cleaning up the costly and efficient cost for remittances and even land registry those are just a few uses and there are still new cases being developed every day so let's take a look at taipei taiwan to dive a little deeper into all of these fascinating and essential uses of technology we're now joined by ali b.g. managing partner with the block chain founders fund and consultant to the united nations so ali 1st off let's touch on relief for the unbanked facebook has made news recently with their announcement of libra their new crypto currency but one of the big holes in the project is the fact that you will need a bank account to actually get involved in the crypto currency what do you make of that issue with libra and why is the banking the unbanked such a crucial topic in the world of blocking. absolutely and that's a great questio
currency every crypto has the backbone in chain but oftentimes we can overlook the other important and world changing opportunities afforded by block technologies use cases can range from improving the supply chain helping small businesses in agriculture cleaning up the costly and efficient cost for remittances and even land registry those are just a few uses and there are still new cases being developed every day so let's take a look at taipei taiwan to dive a little deeper into all of these...
67
67
Jul 16, 2019
07/19
by
BBCNEWS
tv
eye 67
favorite 0
quote 0
the fed and jerome powell have been concerned about crypto currency in general. point is the most well—known, and trump's comments on the last few days, steve mnuchin and nowjerome powell, we have seen libra fall, and other crypto currencies as well. the reason why these are so interesting and are willing to buy them is because there is that no centralised area, that there is almost a lack of regulation, which is what is attractive about these things. now, theissue attractive about these things. now, the issue with crypto currencies, and this will be the issue for facebook, is you have to walk the tightrope of having some regulation, but not too much regulation, to take away from actually what the crypto currency is for in the first place. so it is a real balancing act that has to be done by the us. the us are a lwa ys has to be done by the us. the us are always very... not necessarily behind in these things, but they are a lot more wary. we have had financial crises which have been particularly painful in the us, so there is a lot that happens here, and there
the fed and jerome powell have been concerned about crypto currency in general. point is the most well—known, and trump's comments on the last few days, steve mnuchin and nowjerome powell, we have seen libra fall, and other crypto currencies as well. the reason why these are so interesting and are willing to buy them is because there is that no centralised area, that there is almost a lack of regulation, which is what is attractive about these things. now, theissue attractive about these...
56
56
Jul 6, 2019
07/19
by
BLOOMBERG
tv
eye 56
favorite 0
quote 0
we will discuss all things crypto, next. this is bloomberg. ♪ ♪ taylor: bitcoin surged almost $14,000 last week before falling back to $10,000 at one point this week. despite the volatility, it is a lot more than 200% this year. we spoke with the ceo of crypto finance company circle, jeremy allaire, about the current landscape. jeremy: i think the announcement of libra and the libra association -- we view it as a very massive inflection point and i think it has an impact across the board. first, just general awareness all around the world around cryptocurrency. it will bring this into the limelight it will help individuals and businesses that are interested in this have dramatically more visibility. ultimately, we think it will help ensure billions of people ultimately are able to access the benefits of cryptocurrency within the financial system. so, we think it is huge in terms of awareness. i think it is important in terms of ultimately regulatory questions and figuring out exactly how crypto finance companies are goin
we will discuss all things crypto, next. this is bloomberg. ♪ ♪ taylor: bitcoin surged almost $14,000 last week before falling back to $10,000 at one point this week. despite the volatility, it is a lot more than 200% this year. we spoke with the ceo of crypto finance company circle, jeremy allaire, about the current landscape. jeremy: i think the announcement of libra and the libra association -- we view it as a very massive inflection point and i think it has an impact across the board....
69
69
Jul 16, 2019
07/19
by
FBC
tv
eye 69
favorite 0
quote 0
i think it crypto currency is here to stay. we are kidding ourselves to think we should be shunning it. it's just the opposite. as authoritative dictators grow around the world, remittances will grow more and more. doing it with a decentralized platform i think will be incredibly dangerous. we are seeing that each and every day. i love that steve is building off this. kristina: i think it's great facebook went ahead early on to let everyone know. they said they will only have one seat at the table, no special privileges. they are trying to remove themselves from the actual crypto currency itself. it could be an opportunity for facebook to regain the trust they lost. we keep talking about it. you can trust the crypto currency, you can maybe trust the company? >> it may work, it may not work. it's up to the marketplace to decide. if people don't trust facebook and don't trust libra, they won't bite and participate in it. for all these senators and congressmen to pass judgment, it's not their place. let the marketplace work. >> cr
i think it crypto currency is here to stay. we are kidding ourselves to think we should be shunning it. it's just the opposite. as authoritative dictators grow around the world, remittances will grow more and more. doing it with a decentralized platform i think will be incredibly dangerous. we are seeing that each and every day. i love that steve is building off this. kristina: i think it's great facebook went ahead early on to let everyone know. they said they will only have one seat at the...
49
49
Jul 16, 2019
07/19
by
BBCNEWS
tv
eye 49
favorite 0
quote 0
facebook faces a grilling about its new crypto—currency, with regulators concerned it could be abused by criminals. and jaguar land rover wins a £500 million loan from the uk government to accelerate the country's electric car plans. and on financial markets, the earnings season is now well underway, with the big us banks taking centre stage. japan has reopened today, and so far, investors are not impressed. facebook‘s hugely ambitious plan to create its own global crypto—currency has been under growing scrutiny since it was unveiled last month, and in a few hours‘ time, the man in charge of the project will face a grilling from us lawmakers about what the company says is the future of money. facebook says it won't go ahead with the launch of its libra crypto—currency until regulatory concerns are addressed. the digital currency is particularly aimed at the estimated 1.7 billion adults that the world bank claims don't have a bank account. china and india are top of the list. in a bid to convince people that it will be reliable, facebook says the currency will be backed by a r
facebook faces a grilling about its new crypto—currency, with regulators concerned it could be abused by criminals. and jaguar land rover wins a £500 million loan from the uk government to accelerate the country's electric car plans. and on financial markets, the earnings season is now well underway, with the big us banks taking centre stage. japan has reopened today, and so far, investors are not impressed. facebook‘s hugely ambitious plan to create its own global crypto—currency has...
55
55
Jul 5, 2019
07/19
by
BLOOMBERG
tv
eye 55
favorite 0
quote 0
times,u said a couple the benefits of crypto. one of the benefits is decentralization, censorship free transactions, being able to buy anything without any middleman saying you can't do that. circle has its own stable coin. facebook is going to be regulated. what is the benefit of a crypto that doesn't really offer that censorship free transaction because it has to go through or interface with the existing financial system? jeremy: we look at all this kind of on a spectrum. our view is that you are going to have mass adoption of nonsovereign digital assets. i think bitcoin is the preeminent asset there and the need and desire for those assets is going to grow. you are also going to see growth in these stable coin assets that likely will have regulatory frameworks, but there is a key difference between stable coins that run on closed-loop permission schemes, which is how libra is being proposed today versus stable coins that could run on the public internet. that is the model that coinbase and circle have developed. that is how it
times,u said a couple the benefits of crypto. one of the benefits is decentralization, censorship free transactions, being able to buy anything without any middleman saying you can't do that. circle has its own stable coin. facebook is going to be regulated. what is the benefit of a crypto that doesn't really offer that censorship free transaction because it has to go through or interface with the existing financial system? jeremy: we look at all this kind of on a spectrum. our view is that you...
925
925
Jul 18, 2019
07/19
by
CNBC
quote
eye 925
favorite 0
quote 1
libra's digital currency and crypto in general dominating th conversation at the g7 summit in france that's where we find steve sedgwick who joins us live with more you know what i'm talking about, when they dig into crypto -- >> hang on, sully. >> what? what >> time out, sully hang on. you have written off after my career saying g7 meetings, g8 meetings, g20 meetings are boring >> you're the only thing that makes them interesting you and your unique style. did i dig myself out >> no, no. the problem is i actually agree with you.bad part of
libra's digital currency and crypto in general dominating th conversation at the g7 summit in france that's where we find steve sedgwick who joins us live with more you know what i'm talking about, when they dig into crypto -- >> hang on, sully. >> what? what >> time out, sully hang on. you have written off after my career saying g7 meetings, g8 meetings, g20 meetings are boring >> you're the only thing that makes them interesting you and your unique style. did i dig...
25
25
Jul 15, 2019
07/19
by
CNBC
quote
eye 25
favorite 0
quote 1
see what the market decides along with overcoming government regulations, to see what will happen to crypto >> how much faith do you have that some of these platforms can weed out bad actors? bad actors in this country, but more importantly, from outside >> well, i think they can, but if there's a blatant fraud, i think the government has to get involved but i think the market probably has weeded out some already. and i think they're capable of doing it, but what the problem is is you never have a truly free market. there's always something the government says or does or introduces a regulation. but they did with that with gold, too. just think, gold was confiscated, they were talking about taxing gold and regulatin it so they'll do that with crypto as well. but no, no, if the market is allowed to operate, the bad guys get weeded out in all forms of economic activity. but it's hard to find that
see what the market decides along with overcoming government regulations, to see what will happen to crypto >> how much faith do you have that some of these platforms can weed out bad actors? bad actors in this country, but more importantly, from outside >> well, i think they can, but if there's a blatant fraud, i think the government has to get involved but i think the market probably has weeded out some already. and i think they're capable of doing it, but what the problem is is...
31
31
tv
eye 31
favorite 0
quote 0
you know in the crypto currency market every day it wouldn't be a regular day without some speculation one way or the other i will say this you know full disclosure i previously led the venture arm of this unique group and we invested in ripple series a round back over 4 years ago now in the early 2015 and i was observer on ripples board so let's not. get carried away necessarily imagining that ripple or other firms are in some secret cave somewhere plotting for their own self interests or both a very has a long tenure in this space and has a very professional board these are not a good group of management making their decisions in isolation i say this now having no soucy action with ripple but just based on my past interaction with them that collectively i think they've always been working towards their long term vision of helping people helping the world really transmit value just the way that the world transfers information today. i mean more allies of ally ventures thank you so much for your time. that said by this time you can catch boom bust on you tube dot com boom bust the next
you know in the crypto currency market every day it wouldn't be a regular day without some speculation one way or the other i will say this you know full disclosure i previously led the venture arm of this unique group and we invested in ripple series a round back over 4 years ago now in the early 2015 and i was observer on ripples board so let's not. get carried away necessarily imagining that ripple or other firms are in some secret cave somewhere plotting for their own self interests or both...
95
95
Jul 15, 2019
07/19
by
CNBC
tv
eye 95
favorite 0
quote 1
the crypto, you can't quite do this, though, the people who like crypto will say so. but i still am locked in with thinking about the regression theorem, which says you have to go back to that unit that was once called money. like, our dollar originally started as a silver dollar and it was connected to it just think of the difficulty of the sdr. they were going to create money out of thin air and get people to use it back in the '70s nobody paid any attention to that and i think that's one of the problems with the euro right now. it did not start off with somebody knowing what a euro is. so it's having problems. but all currencies are fiat now. and that's why people are -- some of the central banks, many are buying gold and looking at alternatives and looking at crypto and i think that's good, but sorting this all out is a real challenge. >> finally, congressman, treasury on friday said that government could run out of cash by september mnuchin urging congress to raise the debt ceiling before the august recess. do you think we're going to have fireworks on the debt c
the crypto, you can't quite do this, though, the people who like crypto will say so. but i still am locked in with thinking about the regression theorem, which says you have to go back to that unit that was once called money. like, our dollar originally started as a silver dollar and it was connected to it just think of the difficulty of the sdr. they were going to create money out of thin air and get people to use it back in the '70s nobody paid any attention to that and i think that's one of...
23
23
tv
eye 23
favorite 0
quote 0
crypto currencies only exist digitally and are not regulated by any bank the most well known ones are bitcoin and ripple. the term comes from the greek word crypto meaning secret or hidden points toward the cryptographic encryption used for all components of the currency system. this technology is much safer than usual encryptions all information from balance a transaction is secured in a block chain meaning in a cryptographically encrypted protocol this way user data is stored safely. depending on the type of currency some of them are fully anonymous and nobody can see your payment history and that is a much more secure way of maintaining anonymity and payments. could potentially be as secure or more secure than cash. but this anonymity only comes with specific crypto currency so the advantages of digital wallets are they're easy to use they allow for quick transactions with a high level of security at least when you follow basic data protection guidelines one big disadvantage is the sensitive data you leave behind when you pay how much money i spend on water and when is very interes
crypto currencies only exist digitally and are not regulated by any bank the most well known ones are bitcoin and ripple. the term comes from the greek word crypto meaning secret or hidden points toward the cryptographic encryption used for all components of the currency system. this technology is much safer than usual encryptions all information from balance a transaction is secured in a block chain meaning in a cryptographically encrypted protocol this way user data is stored safely....
49
49
Jul 16, 2019
07/19
by
BBCNEWS
tv
eye 49
favorite 0
quote 0
the us treasury secretary doubles down on donald trump's attacks on facebook‘s planned crypto currency —— libra. money in the moon. 50 years on from the apollo 11 landing, we speak to one company plan to exploit its resources . one company plan to exploit its resources. “— one company plan to exploit its resources. —— planning. good morning asia and hello, world. it's tuesday, glad you could join us for another exciting addition of asia business report. i'm rico hizon and we start with facebook and its ambitious plan to create its own crypto currency and the growing scrutiny it's been under since it was unveiled last month. in the last few hours, us treasury secretary steve mnuchin took the unusual step that he had grave concerns libra could be used for illegal purposes, echoing similar comments from donald trump. the social media giant plans to launch its own virtual digital currency, libra and if all goes to plan, libra will be bought, sold, held, sent and even received with the firm's apps, messenger and whatsapp, as well as rival ones, imagine, a and money changes hands
the us treasury secretary doubles down on donald trump's attacks on facebook‘s planned crypto currency —— libra. money in the moon. 50 years on from the apollo 11 landing, we speak to one company plan to exploit its resources . one company plan to exploit its resources. “— one company plan to exploit its resources. —— planning. good morning asia and hello, world. it's tuesday, glad you could join us for another exciting addition of asia business report. i'm rico hizon and we start...
148
148
Jul 18, 2019
07/19
by
CNBC
tv
eye 148
favorite 0
quote 0
, it's not crypto for the masses. what are you saying? >> i'm saying it's not really crypto >> it's not peer-to-peer >> either it is or isn't >> the idea of digital money >> that's my favorite thing. alternate cats are in the business >> that appeals to me. >> market is a control thing >> right >> it's based on the fiat. >> exactly they're basically saying we've paid things before >> how do you trust that >> the great iron my i want democrats to know about this jp morgan wants to do more abmoe about this, except for the banks, had five banks come together with facebook, uber, 12 other companies and said we're doing this, we're chartered. you can call it if there is a problem. >> i think it would go through i this i that amazon could pull this off we trust amazon. we put our credit cards in there every day. regulators would be on them. it wouldn't be like this it wouldn't be like let's put them up in front of a panel andtary them apart because they lied about data and this and that >> i think you will face tough >> i t
, it's not crypto for the masses. what are you saying? >> i'm saying it's not really crypto >> it's not peer-to-peer >> either it is or isn't >> the idea of digital money >> that's my favorite thing. alternate cats are in the business >> that appeals to me. >> market is a control thing >> right >> it's based on the fiat. >> exactly they're basically saying we've paid things before >> how do you trust that >> the great iron...
31
31
Jul 17, 2019
07/19
by
BBCNEWS
tv
eye 31
favorite 0
quote 0
and facebook is called delusional over its crypto—currency plans, with some us politicians warning the firm can't be trusted. and financial markets look like this. investors are beginning to wobble again as trump says he could impose additional tariffs on chinese imports. let's start with the news that christine lagarde has announced she will be stepping down as managing director of the international monetary. lagarde is often referred to as the rock star of international finance, and has led the imf since 2011. she will be best remembered for her role greece's bailout, which actually side—stepped some of the fund's own rules. she also presided over the imf‘s biggest bailout, a $57 billion dealfor argentina last year. lagarde is now expected to lead the european central bank, after being nominated as mario draghi's replacement. speculation is rife who will replace lagarde at the imf, with many predicting current bank of england governor, mark carney, may be the next boss of the international fund. well, let's get more on this now from michelle fleury in new york. as head of the int
and facebook is called delusional over its crypto—currency plans, with some us politicians warning the firm can't be trusted. and financial markets look like this. investors are beginning to wobble again as trump says he could impose additional tariffs on chinese imports. let's start with the news that christine lagarde has announced she will be stepping down as managing director of the international monetary. lagarde is often referred to as the rock star of international finance, and has led...
0
0.0
Jul 10, 2019
07/19
by
CNBC
tv
eye 0
favorite 0
quote 0
i'm concerned about all of the companies getting involved with crypto currency. i think that it is a huge effort it will help to, you know, redirect the way our whole economy works. and so we are concerned about all of them. we are just starting out with what is happening with facebook because they unleashed and -- their efforts recently in the press with the media so we are going to start asking questions. but we are concerned about all of the companies that will be getting involved with crypto currency >> understood. we also learned this morning that the usmca could be headed to the floor in september for a vote we know it's something the administration is looking for. they say it'll do a lot to boost growth democrats have supported this bill as well would there be support to pass this bill if it were brought to the floor today? and is that something that you think should be done sooner than later? >> i don't know. i just have no idea about when it's coming to the floor and what the level of support is for it i just don't know anything about what we can predict
i'm concerned about all of the companies getting involved with crypto currency. i think that it is a huge effort it will help to, you know, redirect the way our whole economy works. and so we are concerned about all of them. we are just starting out with what is happening with facebook because they unleashed and -- their efforts recently in the press with the media so we are going to start asking questions. but we are concerned about all of the companies that will be getting involved with...
79
79
Jul 18, 2019
07/19
by
CSPAN3
tv
eye 79
favorite 0
quote 0
we have been looking at crypto currency assets. i have asked if it is a security exchange product, is it fish or foul? it seems more oedipus to me, it involves in different parts. i am curious. are you able to actually maintain the car and essence of crypto currency assets if you are under all of this regulation? >> leave we can, congressman. we believe in order for any form of digital currency and payment to reach, it must be regulated regulated. >> would you like to see all of the crypto currencies under the same regulation that you are? or are you trying to carve out a new product? >> i cannot speak for other assets. >> certainly must have thoughts on that. you are looking and seeing that is not for them, otherwise why would you be asking for this regulatory burden? >> we believe that this is a digital currency, it compared to others, it serves a different purpose, this is to serve the purpose of payments, as a payment tool. we believe appropriate regular regulation and oversight is required. >> are having a talk here, and my fr
we have been looking at crypto currency assets. i have asked if it is a security exchange product, is it fish or foul? it seems more oedipus to me, it involves in different parts. i am curious. are you able to actually maintain the car and essence of crypto currency assets if you are under all of this regulation? >> leave we can, congressman. we believe in order for any form of digital currency and payment to reach, it must be regulated regulated. >> would you like to see all of the...
73
73
Jul 16, 2019
07/19
by
CNBC
tv
eye 73
favorite 0
quote 0
it helps american business libra is a great idea. >> you said you hated crypto. >> this isn't crypto they are developing here -- look the reason i hate bitcoin is it doesn't solve any problems unless i'm a criminal, a thief, a drug dealer or i want to get around the rules i don't want to support that i decided the government in canada is going to fail in october. i want to go long canada it's been a horrible market to invest in. they hate usiness. that's going to change i want to buy a canadian index, xiu. i have to convert million into canadian what a pain that was as every trader tried to clip me. if i had something like this that was regulated i could take $5 million, stick it in the payment system, buy equities there because it is a regulated payment system that would work. let me do it in europe, in china, switzerland give me a common currency and let me go to work. >> here's the thing with facebook bryn owns a company. you're a small company on facebook you have your products the idea, as i understand it, is libra should help you buy something from bryn's company on facebook wh
it helps american business libra is a great idea. >> you said you hated crypto. >> this isn't crypto they are developing here -- look the reason i hate bitcoin is it doesn't solve any problems unless i'm a criminal, a thief, a drug dealer or i want to get around the rules i don't want to support that i decided the government in canada is going to fail in october. i want to go long canada it's been a horrible market to invest in. they hate usiness. that's going to change i want to...
24
24
tv
eye 24
favorite 0
quote 0
a show by a lot of this congressional testimony but this does seem like an odd time to be pushing a crypto currency for facebook when skepticism over big tech firms and especially facebook seems to be really growing in the u.s. . yeah the timing is not picture perfect but on the other side all the. debates on big tech names and their market power won't go away anytime soon so i guess the environment doesn't really get better from this point and david marcus he made an interesting point he said that it might be better for the u.s. and should be trying to get a video ship when it comes to a digital currency and payments so that not some other country jumps in ny guess that was a hint that china could be one of those players so we will see if facebook can convince them regulators and put it to sions was this argument but the whole controversy actually brought also some easiness to other crypto currencies bitcoins for example just within 2 trading days lost about 20 percent in value and because going through another rough ride we've seen this week quarter joining us from new york thinking and.
a show by a lot of this congressional testimony but this does seem like an odd time to be pushing a crypto currency for facebook when skepticism over big tech firms and especially facebook seems to be really growing in the u.s. . yeah the timing is not picture perfect but on the other side all the. debates on big tech names and their market power won't go away anytime soon so i guess the environment doesn't really get better from this point and david marcus he made an interesting point he said...
13
13
tv
eye 13
favorite 0
quote 0
lawmakers grill a top facebook executive over the company's plan to leave for a crypto currency. if the tech giant can't convince washington to trust it what are the odds it can sway regulators around the world. also on the show the good times continue for 2 top u.s. investment banks reported solid earnings but it's not all positive news on wall street. and a new space race is preparing for liftoff and a german firm stand to profit from nations and companies lofty ambitions. this is your business report i'm stephen beard's in berlin thanks for joining us facebook executive david marcus told the new york times last month that the company's new cryptocurrency libra could be quote a profound change for the entire world and quote on tuesday markets delivered a much more subdued message to u.s. lawmakers libra wouldn't threaten the current monetary system and it wouldn't seek to replace sovereign currencies senators were skeptical to say the least take a look. ahead to facebook's leave or a subsidiary for a face to panel of senators who weren't prepared to pull their punches. facebook
lawmakers grill a top facebook executive over the company's plan to leave for a crypto currency. if the tech giant can't convince washington to trust it what are the odds it can sway regulators around the world. also on the show the good times continue for 2 top u.s. investment banks reported solid earnings but it's not all positive news on wall street. and a new space race is preparing for liftoff and a german firm stand to profit from nations and companies lofty ambitions. this is your...
22
22
tv
eye 22
favorite 0
quote 0
lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt the money continue to progress with libra expected to begin filling digital wallet in early 2020. before i let you go cautionary tale for brands looking to cash in on a national holiday it all begins with a shoe this one mike nike had planned for the special edition of 4th of july trainers to go on sale on u.s. independence day but the inclusion of this is story corps flag on the heel has turned the stunt into a marketing not former n.f.l. quarterback colin kaepernick nike ambassador raised objections to the flak which he said i've been appropriated by far right nationalists the companies deferred to the star and pulled the shoe but triggered a backlash a costly want with the governor of arizona withdrawing a $1000000.00 in grants meant to fund a nike factory in the state in a twitter tirade he called the decision shameful that dramatic and expensive escalation in an introduction that started through the to the bran
lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt the money continue to progress with libra expected to begin filling digital wallet in early 2020. before i let you go cautionary tale for brands looking to cash in on a national holiday it all begins with a shoe this one mike nike had planned for the special edition of 4th of july trainers to go on sale on u.s. independence...
30
30
tv
eye 30
favorite 0
quote 0
relief for the unbanked facebook has made news recently with their announcement of libra their new crypto currency but one of the big holes in the project is the fact that you will need a bank account to actually get involved in the cryptocurrency what do you make of the issue with libra and why is the banking the unbanked such a crucial topic in the world of blocking. absolutely and that's a great question and one of the key properties of block change is the ability to move funds anywhere around the world any time without an intermediary without a bank and around the world there's 1700000000 banks individuals around the world and so with the ability to use blog chain you're actually able to help bank and provide banking services to these individuals for savings spending bore away and insurance and facebook came out and said libra is going to help to bank the unbanked in under banks populations and this just doesn't seem to be the case if you need a bank account you need an identity i mean this is cutting you know one in 3 adults all around the world and this is one of the problems relate
relief for the unbanked facebook has made news recently with their announcement of libra their new crypto currency but one of the big holes in the project is the fact that you will need a bank account to actually get involved in the cryptocurrency what do you make of the issue with libra and why is the banking the unbanked such a crucial topic in the world of blocking. absolutely and that's a great question and one of the key properties of block change is the ability to move funds anywhere...
23
23
tv
eye 23
favorite 0
quote 0
business africa facebook's plans to launch a crypto currency trick up by plush but could link up benefits for african communities by traditional banking facilities scatters. thinking there's a world about story. on the floor more world news for you at the top of it now father of. her 1st day in school. or 1st clueless. and then gore's grand moment to run a joint direct attack on her journey. you know we're going to return to mention laura numbering in tang returns home. our consumerism is causing a radical depletion of forests. for 25. years sponsored the 1st. class of. forests and among. the tragic reality behind the export. starch july 24th kong. such. facebook's new cryptocurrency is facing strong headwinds and it hasn't even come out yet but could libra be a boon for africa where remittances can be costly and currency liquidity often a challenge will take a look. also on the show chinese lending to africa has fallen so as beijing grown skeptical about its air swap partners it is the feeling mutual. and next time you buy a lamborghini take a good look under the hood fakes are trending
business africa facebook's plans to launch a crypto currency trick up by plush but could link up benefits for african communities by traditional banking facilities scatters. thinking there's a world about story. on the floor more world news for you at the top of it now father of. her 1st day in school. or 1st clueless. and then gore's grand moment to run a joint direct attack on her journey. you know we're going to return to mention laura numbering in tang returns home. our consumerism is...
21
21
tv
eye 21
favorite 0
quote 0
facebook's new crypto currency is facing strong headwinds and it hasn't even come out yet but could libra be a boon for africa where remittances can be costly and currency liquidity often a challenge we'll take a look. also on the show chinese lending to africa has fallen so as beijing grown skeptical about its various while partners. it is the feeling mutual. and next time you buy a lamborghini take a good look under the hood fakes are trending from brazil to iran. this is business africa i'm stephen beard is in berlin thanks for joining us finance ministers from the g. 7 group of leading economists say they have grave concerns about facebook's cryptocurrency plans and need to act quickly to control it at the gathering in france germany olaf schultz said central bankers wanted to make sure laws were in place to protect monetary systems facebook insists it has no plans compete with sovereign search currencies and that it will await regulatory approval. so what exactly is libra and what's stirring central banks around the world to come out so strongly against it well like bitcoin libor wou
facebook's new crypto currency is facing strong headwinds and it hasn't even come out yet but could libra be a boon for africa where remittances can be costly and currency liquidity often a challenge we'll take a look. also on the show chinese lending to africa has fallen so as beijing grown skeptical about its various while partners. it is the feeling mutual. and next time you buy a lamborghini take a good look under the hood fakes are trending from brazil to iran. this is business africa i'm...
17
17
tv
eye 17
favorite 0
quote 0
lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt money continue to progress with libra expected to begin filling digital wallet in early 2020. within the studio is chris cleverley an entrepreneur and c.e.o. of kemarre point he made it his mission to develop economic mechanisms that help ordinary people across the continent the continent and blocked and you say is quite important for that 1st of all if you take a look at libor what is stronger the enabling fact of the day to day uses all the dangers for local currencies well if you look about the very words you used earlier about the unbanked i think the most important thing right now is to make sure that those people have a way in the means with which to transact with each other at low interest rates interest rates can monitor about 30 percent for farms in africa and also have the ability to go across borders so overall it's a very important thing right now in africa to to have currencies like libra but cryptocurr
lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt money continue to progress with libra expected to begin filling digital wallet in early 2020. within the studio is chris cleverley an entrepreneur and c.e.o. of kemarre point he made it his mission to develop economic mechanisms that help ordinary people across the continent the continent and blocked and you say is quite...
64
64
Jul 15, 2019
07/19
by
CNBC
tv
eye 64
favorite 0
quote 0
bawle crypto baller, brian kelly. >> that's me hi a couple of take aways. number one this is good. we want bad actors out of this new asset class so we can flourish the way it should my take away for crypto investors, he also said there are a lot of ongoing investigations which there should be. i would expect some more negative headlines out there that actually might add a little bit of turbulence to the bitcoin press. i think taking away bitcoin in the crypto currencies, now let's go to libra's kind of payment system i think it's really unlikely that's going to launch anytime soon as mnuchin said, they've got a lot of work to do. they're willing to do it and good for facebook. they have the resource to do it. that's going to take some time for this to launch, and primarily it sounds to me it's a very -- it's a concern about big tech disrupting finance, rather than the technology itself, and in fact, there's a bill out there now in the congress. i don't think it will go very far, but it's talking about keep big tech out of finance, and so that is the sentim
bawle crypto baller, brian kelly. >> that's me hi a couple of take aways. number one this is good. we want bad actors out of this new asset class so we can flourish the way it should my take away for crypto investors, he also said there are a lot of ongoing investigations which there should be. i would expect some more negative headlines out there that actually might add a little bit of turbulence to the bitcoin press. i think taking away bitcoin in the crypto currencies, now let's go to...
15
15
tv
eye 15
favorite 0
quote 0
lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt money continue to progress with libra expected to begin filling digital wallets in 2020. he was an auto industry legend. not only created the iconic ford mustang but also save chrysler from bankruptcy he died tuesday at the age of 94 he began his career in 1946 as an engineer afforded quickly rose to become the company's vice president at age 36 but it wasn't all smooth sailing. 78 after a span management image of chrysler which he's back to profitability after a crisis. nice doing business with here. blood. means tom. to take months to her. benefits it's a. tough year of just such the up. and fun for the troops. it's hard to overcome boundaries and come to a. time for. indeed every day is coming up ahead. minds. earth the home for saving. those tell stories of creative people and innovative projects around the world that protect the climate and boost green energy solutions by global oil has been a series of global
lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt money continue to progress with libra expected to begin filling digital wallets in 2020. he was an auto industry legend. not only created the iconic ford mustang but also save chrysler from bankruptcy he died tuesday at the age of 94 he began his career in 1946 as an engineer afforded quickly rose to become the company's...
72
72
Jul 16, 2019
07/19
by
KTVU
tv
eye 72
favorite 0
quote 0
i'm very happy to see that there's a lot of attention paid toward crypto currency in general. i think the questions in general were over all, they were good with regard to crypto currency. once again i think some of the questions are kind of mixing facebook with you know the crypto currencies they're trying to create. they were actually, facebook is trying to set up two facebook systems i think the key point, i personally have questions on it and i think the lawmakers have questions on it. how these two systems would affect each other. and how the privacy and data would work within facebook and libra. >> facebook if i'm not mistaken would have direct control over libra. there's going to be a whole link of banks, companies, credit card companies that would be overseeing the crypto currency. how would that all work? what kind of oversight are we talking about? >> sure, i think the proposal right now is for libra to set up the libra association which is going which is a partnership. i think there's over 20 partners right now they're trying to set up 100 partners. the partners wou
i'm very happy to see that there's a lot of attention paid toward crypto currency in general. i think the questions in general were over all, they were good with regard to crypto currency. once again i think some of the questions are kind of mixing facebook with you know the crypto currencies they're trying to create. they were actually, facebook is trying to set up two facebook systems i think the key point, i personally have questions on it and i think the lawmakers have questions on it. how...
31
31
Jul 15, 2019
07/19
by
CSPAN2
tv
eye 31
favorite 0
quote 0
. >> how his department will regulate the use of the crypto currency and other digital assets including the threat of terrorist groups taking advantage of the system. this is half an hour. including the threat of terrorist groups taking advantage of the system. this is half an hour. good afternoon everybody thank you for being here. 's recently as you know there has been a great deal of interest about industrial assets including crypto currency such as bit going - - a bit going there are other questions regarding virtual assets and currency by will focus primarily on the concern the treasury has with the growing issues of currency like money-laundering terrorist financiers and other bad players. this week representatives from the facebook project will go to capitol hill to discuss the pop policy of crypto currency across the us government the international finan
. >> how his department will regulate the use of the crypto currency and other digital assets including the threat of terrorist groups taking advantage of the system. this is half an hour. including the threat of terrorist groups taking advantage of the system. this is half an hour. good afternoon everybody thank you for being here. 's recently as you know there has been a great deal of interest about industrial assets including crypto currency such as bit going - - a bit going there are...
43
43
Jul 22, 2019
07/19
by
CSPAN
tv
eye 43
favorite 0
quote 0
a lot of folks here have a fear, some justifiable fear of crypto currencies. when you remove the stigma of crypto currency i think locke jane is a validtechnology we can look at for data security but we get pushback on the use of block chain. have you had engagement with law enforcement on this and if so what are their thoughts, their concerns, their acceptability? how are you going to do that interface ? >> we will continue to engage notably with the treasury department and notably the department that looks after money-laundering and counterterrorism funding with undersecretary medical care and her team and also globally with a number of law enforcement and regulators. >> with the remaining time i have i have questions i could submit for the record but you basically, it's going to be a global payment system which is regulated as central banks are done . pretty heavily regulated. would it be appropriate for fsoc to the registry libra as systemically important as it should be? >> it's not for me to say we should regulate us but we been engaged not only fsoc but
a lot of folks here have a fear, some justifiable fear of crypto currencies. when you remove the stigma of crypto currency i think locke jane is a validtechnology we can look at for data security but we get pushback on the use of block chain. have you had engagement with law enforcement on this and if so what are their thoughts, their concerns, their acceptability? how are you going to do that interface ? >> we will continue to engage notably with the treasury department and notably the...
32
32
Jul 16, 2019
07/19
by
BBCNEWS
tv
eye 32
favorite 0
quote 0
. —— crypto currency. facebook will say this is for good, to help people have access to world markets and be able to pay with ings away modern technology and the financial world are moving. the biggest problem within this and what david marcus will have today and what mark zuckerberg had when he testified previously, there will be a lot of people asking the questions about this that don't necessarily understand what the technology does. that is not a slur on them because they were still a lot of us who don't really understand the technology and what goes into crypto and why are there. that is the biggest stumbling point. its education and making people understand why this is here. and also the real concern from the banking industry and central banks is the fact it takes power away from them in many ways because of this digital currency were to be launched and were be used by almost 2 billion people around the world, is kind of ta kes people around the world, is kind of takes away that ability of central ba
. —— crypto currency. facebook will say this is for good, to help people have access to world markets and be able to pay with ings away modern technology and the financial world are moving. the biggest problem within this and what david marcus will have today and what mark zuckerberg had when he testified previously, there will be a lot of people asking the questions about this that don't necessarily understand what the technology does. that is not a slur on them because they were still a...
53
53
Jul 1, 2019
07/19
by
BLOOMBERG
tv
eye 53
favorite 0
quote 0
we will discuss all things crypto next. this is bloomberg. ♪ materials hasied for $2.2 buy a company billion. it produces semiconductor manufacturing equipment for major customers including samsung and intel. the japanese company will operate as a separate semiconductor group and will be based in tokyo. joining us to discuss is ian king. the consolidation wave continues. why is applied materials going after this asian competitor, to a certain extent? ian: there is a technical reason. they do something called batch inocessing, chips batches rather than individually. it openes up a new area that will help them better penetrate chipmakers, companies like samsung. basically, it is a get bigger exercise. as you pointed out, their customers are getting bigger, the costs are getting bigger for you need to scale in order to keep up with that trend. caroline: what about the regulatory implications of this? there will be scrutiny, a lot of regulators looking at it. ian: that is an excellent question. we have already seen applied ma
we will discuss all things crypto next. this is bloomberg. ♪ materials hasied for $2.2 buy a company billion. it produces semiconductor manufacturing equipment for major customers including samsung and intel. the japanese company will operate as a separate semiconductor group and will be based in tokyo. joining us to discuss is ian king. the consolidation wave continues. why is applied materials going after this asian competitor, to a certain extent? ian: there is a technical reason. they do...
24
24
tv
eye 24
favorite 0
quote 0
or as it is now known is the most common use case and what you're most likely familiar with is crypto currency every crypto has the backbone in chain but oftentimes we can overlook the other important and world changing opportunities afforded by block technologies use cases can range from improving the supply chain helping small businesses in agriculture cleaning up the costly and efficient cost for remittances and even land registry those are just a few uses and there are still new cases being developed every day so let's take a look at taipei taiwan to dive a little deeper into all of these fascinating and essential uses of technology we're now joined by ali fiji managing partner with the block chain founders fund and consultant to the united nations so ali 1st off let's touch on relief for the unbanked facebook has made news recently with their announcement of libra their new crypto currency but one of the big holes in the project is the fact that you will need a bank account to actually get involved in the crypto currency what do you make of that issue with libra and why is the ba
or as it is now known is the most common use case and what you're most likely familiar with is crypto currency every crypto has the backbone in chain but oftentimes we can overlook the other important and world changing opportunities afforded by block technologies use cases can range from improving the supply chain helping small businesses in agriculture cleaning up the costly and efficient cost for remittances and even land registry those are just a few uses and there are still new cases being...