Facebook libra: Could regulators crush Mark Zuckerberg’s dream cryptocurrency?
Watchdogs have warned that without tight regulations libra could be used for money laundering and financing terrorism. They have also raised concerns over the potential risks it poses to data protection and cyber resilience.
Blockchain outfit Saga selects FIS tech for treasury unit
Saga, a monetary startup aimed at creating blockchain-based currency designed to bring stability to international exchange, announced today that it has recently selected FIS (NYSE: FIS), a global leader in financial services technology, to deploy its Integrity SaaS solution to manage the Saga treasury unit’s back office and its reserves.
Former Bank of Israel monetary policy committee member, now Chief Economist at the Saga Foundation, Barry Topf, looks at the declining independence of central banks around the world and the alternative offered by crypto and blockchain-based solutions